South America & Brazil: Poor Credit Plagues Equipment Sales

Poor financing conditions continue throughout South America continues to challenge farmers and equipment makers alike. Despite investment help from the government, it’s not expected that farm equipment sales will see any meaningful improvement through 2009. The Brazilian ag equipment market weakened further in June. 

According to sales data from Associação Nacional dos Fabricantes de Ve’culos Automotores (ANFAVEA) in Brazil, June unit sales of tractors were 3,534 units, down 16% year-over-year. This followed a weak May…

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