Argentina’s Ag Machinery Sales Recover After Drought Year

Following a double-digit decline in ag machinery sales in 2018, Argentina’s agriculture is showing signs of recovery. USDA is forecasting a record crop 49 million metric tons of corn, jumping from 31.7 million metric tons in 2018, and a soybean crop of 53 million metric tons.

New numbers from Argentina’s National Institute of Statistics and Census (Indec) say that the revenue from tractor sales were up 43.6% during the first quarter of 2019, while the…

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