Freedonia In The News

Article Title: Demand for Farm Equipment to Reach $112 Billion by 2012
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Publication: Wisconsin Ag Connection, 8/6/2008
Freedonia Study: World Agricultural Equipment (2373)

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The Freedonia Group, Inc., a Cleveland, OH-based industry market research firm says that worldwide demand for agricultural equipment is forecast to rise 3.8% per year through 2012 to $112 billion.
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Article Title: World demand for agricultural equipment to exceed US$112 billion in 2012, Freedonia report says
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Publication: Machinery & Materials, 8/18/2008
Freedonia Study: World Agricultural Equipment (2373)

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World demand for agricultural equipment is forecast to rise 3.8 percent per yearthrough 2012 to US$112 billion. Gains will be paced by the accelerating mechanizationof the agricultural sectors in large markets such as China and India. Farm sectors inthese countries are still significantly unmechanized and inefficient in comparison to those found in more developed markets. The rapid rise throughout the world in staple food crop prices and localized shortages in 2007 and early 2008 indicate a growing necessity for increasing farm productivity and efficiency in developing countries. These and other trends are presented in World Agricultural Equipment, a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm.
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