After averaging an annual growth rate of 11% since 2009, worldwide ag equipment sales are expected to take a breather this year, according to Frankfurt, Germany-based VDMA Agricultural Machinery Assn.
In its 2014 Economic Report, the association noted, “In the past 4 years, turnover in the agricultural machinery industry has risen sharply and continuously.” VDMA estimates worldwide volume for 2013 was €96 billion ($130 billion), calling it “a remarkable 50% higher than the level…
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