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U.S. AGRICULTURAL MACHINERY EXPORTS GAIN 29% AT MIDYEAR 2012
Aug. 31, 2012
Source: AEM news release
Exports of American-made agricultural machinery increased 29 percent to total $7.2 billion for the first half of 2012 compared to January-June 2011, according to the Association of Equipment Manufacturers (AEM). The off-road equipment manufacturing trade group consolidates U.S. Commerce Dept. data with other sources into member global trend reports.
"Despite some volatility in world markets, global trade remains positive for agricultural equipment manufacturers, as producers in both emerging and industrialized regions seek to boost productivity. And exports are vital for U.S. manufacturers to stay in business and provide jobs for U.S. workers," stated Charlie O'Brien, AEM vice president and agriculture sector leader.
O'Brien noted that AEM has historically supported sound export policies to assist manufacturers and farmers to sell to international markets, and its I Make America national grassroots campaign has underscored the "exports equal jobs" message.
AEM and the campaign also advocate a balanced and long-term Farm Bill with an adequate safety net that allows American agriculture to continue to provide safe and affordable food for the U.S. and growing world populations.
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