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clint 
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Joined: 12 Sep 2009
Location: kentucky
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 Topic: AGCO bought GSI grain systems!
Posted: 03 Oct 2011 at 9:57am |
I wonder if current users will complain about the color of the logo. It makes it a dirrent machine doesnt it?
HA
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Our farms stuff: agco gt55, AA 8775, 8765, 6080, 185, 180, 175, 170, d15, d14, d14, wd, wd, wd, g, F3, L3, R62
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John (C-IL)
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Posted: 03 Oct 2011 at 10:42am |
All I can say is WOW! We use GSI products here at the elevator. Here is a link to the press release. Hopefully they will do a better job with the grain bin company than they have done with the Ag equipment business.
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Kcgrain
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Posted: 03 Oct 2011 at 10:54am |
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HMMMMM an odd purchase for a farm equipment co although with the new name "Your Agricutural Company" I guess it would fit, thats why they dropped the Allis Gleaner name, and orange tractors so they could buy grain bins. its all coming together now! As a side note GSI was started by the same people that own Sloan Imp, the big John Deere Dealer in ILL, and also Sloan express, makes one ponder why you would stay in the Deere business and aftermarket parts, but sell off your Bin business to a holding company who now sells it to " Your Agricultural Company".........interesting, very interesting!!!!!!!!!
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Byron WC in SW Wi
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Posted: 03 Oct 2011 at 10:57am |
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How is a grain handling company an excellent fit for an AG company? I know their related but I don't understand how they would fit? I think AGCO just doesn't know how to make money marketing their own products. Their big leaps and bounds in growth have come through good valued acquisitions that they've been able to, for the most part, sell assets acquire technology and shut down.
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Amos
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Posted: 03 Oct 2011 at 11:56am |
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GSI was purchased by an investment firm a few years ago, just at the time I bought one of their corn driers. I made up my mind about 12 years ago that was the drier I was going to switch to. Now, after having problems with it and got very poor service from GSI I can see how they will fit right in with AGCO, heck AGCO may even make GSI service a little better, but I am not going to hold my breath.
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Spud
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Posted: 03 Oct 2011 at 1:25pm |
KCGrain. Why should Sloan have any say in who the investors sell it to a few years down the road?
If they wanted say, they shouldn't have sold it.
I have a Coke in the fridge. I might drink it or pour it down the sink. Either way, I am not going to call Wal-Mart to ask them what they think!
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Kcgrain
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Posted: 03 Oct 2011 at 2:05pm |
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I have no idea why Sloans would care or have any say in it, that wasnt the point, my point was it was intersting that Sloans got out of a company they started by selling to an investment group who quickly got out of it to, evedently Sloans knew which horse to bet on.
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Kcgrain
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Posted: 03 Oct 2011 at 2:08pm |
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Heres another thought, seeing as AGCO has managed to offend the American Farmer with the re badging of legendary brands like White or Hesston "by Massey Furgeson" will the new GSI bin and dryers say GSI by Massey Furgeson???
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Larry(OH)
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Posted: 03 Oct 2011 at 9:18pm |
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I guess that is better than " GSI by Farm-Trac " or something along those lines
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'40 WC puller,'50 WD puller,'50 M puller '65 770 Ollie
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Calvin Schmidt
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Posted: 03 Oct 2011 at 9:45pm |
This is interesting. They have just become my competitor but I'm not worried.
Edited by Calvin Schmidt - 03 Oct 2011 at 9:46pm
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Nothing is impossible if it is properly financed
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JohnCO
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Posted: 04 Oct 2011 at 12:30am |
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Well. lets see, Massey used to own Perkins engines, now owned by Cat, a partner of AGCO. I don't see any real connection in grain handling and storage and AGCO but then again, the suits at AGCO have never made a bad decision!
BTW, I see Kruse was bought by Khun Knight, a French company.
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"If at first you don't succeed, get a bigger hammer"
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John (C-IL)
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Posted: 04 Oct 2011 at 3:00pm |
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My boss just told me that the reason the bin business and Gleaner fit is that they are both made from galvanized metal! LOL
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HD6GTOM
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Posted: 04 Oct 2011 at 5:42pm |
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most farmers around here put up bins years ago. not many new bins have been put up around here the last few years. Most were added as the farms got larger, wonder what their idea is?
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Rfdeere
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Posted: 04 Oct 2011 at 7:05pm |
 HD6GTOM wrote:
most farmers around here put up bins years ago. not many new bins have been put up around here the last few years. Most were added as the farms got larger, wonder what their idea is? |
I would say your area is reverse of here Tom, around here new bins are going up all over the place.
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Dave in il
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Posted: 04 Oct 2011 at 7:25pm |
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Around here for the past 3-4 years the big investment other than new and larger equipment has been 1. tile, 2. machinery storage / new shops and 3. Grain handling systems.
Edited by Dave in il - 04 Oct 2011 at 7:27pm
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John (C-IL)
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Posted: 04 Oct 2011 at 10:39pm |
HD6GTOM wrote:
most farmers around here put up bins years ago. not many new bins have been put up around here the last few years. Most were added as the farms got larger, wonder what their idea is? |
GSI is in the commercial bin business, we put up a million bushel bin from them last year and the ethanol plant put up two. The commercial stuff is most likely what pays the bills in that business. Last I knew there was a 6 month backlog of bins to be built.
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Spud
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Posted: 05 Oct 2011 at 10:28am |
A lot of the big commercial elevators going up use massive GSI bins.
I have also heard that in countries like India 30-50% of grain never gets to market due to crappy storage causing it to mold or be infested with rats.
I would think grain bins could be a big market in countries like that and Agco is an international company that can do it.
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NickT(Ky)
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Posted: 05 Oct 2011 at 7:54pm |
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More bins built around here last two years than the last ten put together!
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John (C-IL)
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Posted: 05 Oct 2011 at 11:05pm |
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We are looking to build another million bushel in the next year. The GSI salesman was in yesterday and the concrete silo guy was in today to get the bidding process started. Right now GSI is king in the commercial metal bin department in our area.
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JohnCO
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Posted: 06 Oct 2011 at 1:02am |
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Any idea what a million bushel bin costs? Not that I'm planing on building one, LOL
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"If at first you don't succeed, get a bigger hammer"
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Lonn
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Posted: 06 Oct 2011 at 6:26am |
John (C-IL) wrote:
We are looking to build another million bushel in the next year. The GSI salesman was in yesterday and the concrete silo guy was in today to get the bidding process started. Right now GSI is king in the commercial metal bin department in our area. |
Hayfield Interstate Mills put a million bu one up a year or two ago and everyone said it was the largest in the country at the time. Now the elevator in Kasson also has one. It would take a loooooong time for my L2 to fill that.
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John (C-IL)
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Posted: 06 Oct 2011 at 7:50am |
JohnCO wrote:
Any idea what a million bushel bin costs? Not that I'm planing on building one, LOL
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The boss said 2.5 million dollars. That includes the concrete, conveyors, electrical and fans. Every farmer should build one! LOL
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Byron WC in SW Wi
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Posted: 06 Oct 2011 at 8:02am |
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My cousin works for a company that builds the poured concrete bins/silos. Those are pretty cool to watch going up.
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John (C-IL)
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Posted: 06 Oct 2011 at 8:14am |
Byron WC in SW Wi wrote:
My cousin works for a company that builds the poured concrete bins/silos. Those are pretty cool to watch going up.
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Jump form or slip form? The last two that we built in Ludlow are jump form, 135 feet tall went up at 8 feet per day. It was a pretty amazing process.
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Calvin Schmidt
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Posted: 06 Oct 2011 at 8:13pm |
John, was your concrete silo contractor Hoffmann from Muscatine? We use the same jump form equipment and sometimes trade equipment and help each other out. We also designed and built their concrete hoists. The salesman is my friend Paul Reed. Check this out www.mwisilo.com It been 47 years since my first summer job shovelling gravel into a one bag mixer for a 20' dia silo for $65/ week. It a lot different now.
Edited by Calvin Schmidt - 06 Oct 2011 at 8:14pm
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Byron WC in SW Wi
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Posted: 06 Oct 2011 at 10:21pm |
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Not sure what form they use. He works for Adams Building Contractors (adamsbc.com). He's out of Michigan but I believe he goes all over the country.
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Steve M C/IL
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Posted: 06 Oct 2011 at 10:45pm |
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I hope AGCO don't kill GSI.One of my son in laws is in farm sales dept there. You ought to see the legs GSI built in the gulf.Biggest ever.
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John (C-IL)
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Posted: 07 Oct 2011 at 8:30am |
Calvin Schmidt wrote:
John, was your concrete silo contractor Hoffmann from Muscatine? We use the same jump form equipment and sometimes trade equipment and help each other out. We also designed and built their concrete hoists. The salesman is my friend Paul Reed. Check this out www.mwisilo.com It been 47 years since my first summer job shovelling gravel into a one bag mixer for a 20' dia silo for $65/ week. It a lot different now.
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I think that is right Calvin. The guy running the concrete hoist has a death wish! LOL I know that no one stands under the bucket waiting for it to come back down. The other thing that I found amusing was watching the guys on the buggies run around the track with the concrete, they would hit a bump and it looked like they were riding a bucking bronc. 40 feet in the air it wasn't so bad, but when they got to 100 feet it wasn't funny any more.
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Calvin Schmidt
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Posted: 07 Oct 2011 at 3:55pm |
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Nothing is impossible if it is properly financed
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Calvin Schmidt
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Posted: 07 Oct 2011 at 3:57pm |
Hoist at work 
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Nothing is impossible if it is properly financed
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Truck load is heading to Hoffmann in Muscatine IA in 2006. (Not cheap)
