Monday, December 20, 2010

Just in


Osgood harvest--Putnam photo
Ag Machinery Makers Predict 2.4 Percent Growth in 2010

Des Moines--Agricultural machinery manufacturers predict overall business in the United States to close out 2010 with 2.4 percent growth, then gain 3.7 percent in 2011 and 2.4 percent in 2012, followed by 2013 growth of 3 percent, according to the just-released agriculture equipment business outlook survey of the Association of Equipment Manufacturers

For 2-wheel-drive tractors, the most growth through 2013 is predicted for machines with 40-100 HP. For 4-wheel-drive tractors, strongest growth is seen for 2010 with double-digit sales increases, up 18.8 percent in the U.S. Sales of combines are expected to increase 6.4 percent in the U.S. by year end 2010.

AEM is the North American-based international trade group for the off-road equipment manufacturing industry. Each business-activity forecast is the average of responses from companies in each product line, predicting industry-wide expectations rather than individual company performance, and unit sales rather than company profitability. Click here for the full survey results, which are online at www.aem.org in the market information section.

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