In international news on agricultural market, it has appeared to be a good year for the sale of farm machinery. For despite drought in America and volatile prices, it has been confirmed that demand and sales of agricultural machinery parts remained strong in 2012.
In fact according to the Farm Equipment Manufacturers Association, tractor sales were actually up 10% over the last year with some farmers paying between $50,000 and $200,000 for a tractor. In sales over the last 365 days, combine sales were the only market area in which sales were a little bit down over the year.
For the John Deere parts company, one of the world’s largest makers of farm implements and farm machinery, 2012 was a good year, with the company seeing its stock price go up more than $10 in the last six months.
Whilst this is welcome news for the industry, with America in a major drought at present and the results of 2012 possibly caused by once in a lifetime situations, 2013 has it all to play for to rival 2012.