According to the Wisconsin Ag Connection, agricultural equipment sales are expected to rebound in 2011 after a few years of declining sales due to the global economic downturn. Growth is expected beyond 2011 as well.
The growth is expected to come primarily from the developing world, with slower growth forecasted for developed economies. Greater mechanization in farming is a significant contributor to increased sales in markets such as China and India.
The Asia and Pacific market is expected to see the fastest growth rate through 2015.
We’re excited to see a turnaround on the horizon!
Source: Wisconsin Ag Connection