European Tractor Sales Continue to Slump in 1H

Slow economic growth throughout the European Union is having an impact on farm equipment sales. Several of the EU’s largest markets for ag machinery are reporting a dropoff in sales through the first half of 2013. According to VDMA (Agricultural Machinery Assn.) based in Frankfurt, Germany, 2012 produced mixed results for farm tractor sales.

In its May 2013 Economic Report, VDMA reported that the EU’s biggest producers of farm machinery — Germany, Italy and France…

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