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As U.S. Farm Cycle Turns, Tractor Makers May Suffer Longer Than Farmers
2014-09-16 11:25:59| Industrial Machines - Topix.net
Farm equipment makers insist the sales slump they face this year because of lower crop prices and farm incomes will be short-lived. Yet there are signs the downturn may last longer than tractor and harvester makers, including Deere & Co Farmers and analysts say the elimination of government incentives to buy new equipment, a related overhang of used tractors, and a reduced commitment to biofuels, all darken the outlook for the sector beyond 2019 - the year the U.S. Department of Agriculture says farm incomes will begin to rise again.
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Category:Industrial Goods and Services