Source: Bruce Blythe, Business Editor, Drovers Cattle Network
High crop prices and tight global grain supplies fuel a bullish outlook for the agricultural economy next year, signaling a windfall for makers of farm equipment, fertilizer and animal feed.
Ag Growth Int'l has acquired Tramco Inc., a manufacturer of heavy duty chain conveyors and related handling products that are sold primarily into the grain and oilseed processing sectors.
When farmers' income is up and debt generally low, farmers invest in new equipment. And right now, farmers in the U.S. and around much of the world are enjoying boom times.
The head of AGCO Corp said on Thursday that comments he made earlier this week about wanting to buy portions of CNH Global NV were strictly academic because Fiat SpA views the farm and construction equipment subsidiary as "strategically important" and has no plans to sell it.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.
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