In the just-released agriculture equipment “business outlook” survey of the Association of Equipment Manufacturers (AEM):
• Agricultural machinery manufacturers predict overall business in the United States to close out 2010 with 2.4% growth, then gain 3.7% in 2011 and 2.4% in 2012, followed by 2013 growth of 3.0%.
• Canadian business overall is expected to be 4.1% higher in 2010 than the previous year, but then flatten out, down 0.5% in 2011, up 1.0% in 2012 and up 1.5% in 2013.
• Industry business to the rest of the world is expected to increase the most through 2013 — up 2.8% in 2010, followed by 7.6% growth in 2011 and gains of 6.9% in 2012 and 5.9% in 2013.
For 2-wheel-drive tractors, the most growth through 2013 is predicted for machines with 40 to 100 horsepower (hp), in both the United States and Canada. For 4-wheel-drive tractors, strongest growth is seen for 2010 with double-digit sales increases — up 18.8% in the United States and up 14.8% for Canada.… Continue reading
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