Worldwide production and sales of farm machinery are expected to decline by 10% in 2015, according to the VDMA Agricultural Machinery Assn. based in Frankfurt, Germany. After reaching an all-time sales high of $116 billion in 2013, sales of ag equipment fell slightly to about $114 billion last year.
VDMA is forecasting a drop in global sales to about $102 billion in 2015. The deciding factor is the weak economic cycle in America and Europe…
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