Arrangement Also Allows Employees, Dealers
and Others to Directly Support Response Effort
DULUTH,
Ga., May 14, 2024 /PRNewswire/ -- In the wake
of the catastrophic floods in the Rio Grande do Sul state in
Brazil, the AGCO Agriculture
Foundation (the "Foundation"), a private foundation with the vision
to prevent and relieve hunger through sustainable agriculture
development, is donating $100,000 to
the BrazilFoundation and standing up a donor advised fund for
others to contribute to humanitarian assistance. Monies raised
through the collaboration with BrazilFoundation will be used to
provide emergency assistance and support longer term recovery
efforts for impacted communities in the region.
"We are devastated by the tragic flood situation in Brazil, which has resulted in loss of lives,
homes and businesses," said Roger
Batkin, Chair of the AGCO Agriculture Foundation. "This
natural disaster hits close to home, with hundreds of AGCO
employees and several AGCO facilities impacted directly. Our team
on the ground has already been working around the clock, collecting
and distributing donations, providing shelter, and preparing and
serving thousands of meals to support their colleagues and
communities. The Foundation's donation is yet another way we are
helping those affected in the region as they navigate the
recovery and the rebuild ahead of them."
How to Donate to the Brazil Flood
The AGCO Agriculture
Foundation invites employees, dealers, partners and friends around
the world to give to the Brazil
flood relief efforts through the donor advised fund. Each
donation will be directed to nonprofit organizations in
Brazil to provide immediate
humanitarian aid and contribute to the rebuilding efforts for those
impacted by the flood crisis.
To donate, please click on the Brazil Flood Response page or
scan the QR code.
About AGCO
AGCO (NYSE: AGCO) is a global leader
in the design, manufacture and distribution of agricultural
machinery and precision ag technology. AGCO delivers value to
farmers and OEM customers through its differentiated brand
portfolio including core brands like Fendt®, GSI®, Massey
Ferguson®, PTx and Valtra®. AGCO's full line of equipment, smart
farming solutions and services helps farmers sustainably feed our
world. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of
approximately $14.4 billion in 2023.
For more information, visit www.AGCOcorp.com. For company news,
information, and events, please follow us on X: @AGCOCorp. For
financial news on X, please follow the hashtag #AGCOIR.
About AGCO Agriculture Foundation
Founded by AGCO
Corporation (NYSE: AGCO) in 2018, the AGCO Agriculture Foundation
is a private foundation with the vision to prevent and relieve
hunger. The Foundation promotes impact programs that support food
security, sustainable agricultural development and build the
necessary agricultural infrastructure in marginalized farming
communities. The Foundation is domiciled in Vaduz, Liechtenstein and its operations are managed
from Abbey Park, Stoneleigh,
United Kingdom. For more
information, visit https://www.agcofoundation.org/
BrazilFoundation is a non-profit organization under Section
501(c)(3) of the United States Tax Code, EIN 13 4131482.
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SOURCE AGCO Corporation