The global market for agricultural machinery and equipment精选.pdfVIP

F O C U S O N I N D U S T R I E S A N D M A R K E T S The Global Market for machinery, but large industrializing and the use of machinery over vast Agricultural Machinery countries show much faster growth. acreages, though some small farms and Equipment Thus, Chinas global share of pur- still survive . (In the United States, chases at 10.7 percent in 200 0 and farm productivity ha s leveled off By Anand Mehta and Andrew C. 16.4 in 200 5 should hit 22 percent by recently and many small operators Gross 2010 . But, despite a larger agricul- have shut down.) The situation is the tural sector, Indias global share was reverse in AfH(-a, Asia, am ! Uitin Anand Mehta is a senior industry and will be much smaller at 3.9 , 4.5 , America. Farm incomes are slill low, analyst at The Freedonia Group in and 5.4 percent , respectively . capital is scarce , and equipment Cleveland. The top thre e producer s of often consists of hand-held plows. machinery are Deere Company, It is ironical and tragic that Andrew C. Gross is professor of mar-