The company also provided an update on its PTx data platform, which is critical to helping farmers manage operations across the mixed fleet. The first platform offering is expected to be available in 2025.

"The rebuilding of the PTx Trimble dealer network remains a top priority for us," AGCO CEO Eric Hansotia said during the call. "Over the past several months, hundreds of dealers have signed distribution contracts directly with PTx Trimble to continue serving their customers with the innovative products they are seeking."