Demand for farm machinery in China is expected to grow to $17.3 billion in 2012, according to a new study from the Beijing office of The Freedonia Group, a Cleveland-based industry research firm. The 6.8% annual growth is also easily outpace growth in most other parts of the world. Gains will be supported by government efforts to speed up agricultural mechanization as well as rising income levels rise in rural areas.
Changing demographics in the…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
