Date: December, 2003
Abstract: The farm equipment industry has been performing unevenly in the different regional markets since 1999. These variations can be explained by differences in farmers’ revenue, credit access, machinery utilization rates, cultivated area, equipment renovation needs and government support. However, one of the main drivers of demand for farm equipment is commodity prices and lately these have been rising globally. As commodity prices increase, boosting farmers’ income, sales growth is expec...
Research Type: Industry Note