The total value of agricultural equipment exports in 2012 was €45 billion ($59.7 billion), approximately 50% of total worldwide production of farm machinery (€91 billion/$119.5 billion).
Exports could drop slightly in the coming years as local production is to be increased through political measures in important sales markets such as Russia, China and Brazil, according to VDMA Agricultural Machinery Assn. based in Frankfurt, Germany.
VDMA points out that governments in Brazil and Japan as well…
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