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FARM EQUIPMENT DEALERS MORE OPTIMISTIC ABOUT SECOND HALF
Sep. 17, 2012
Ag Equipment Intelligence reports:
As farmers begin seeing the impact of carrying crop insurance on their drought-plagued crop yields, the dour attitudes of mid-summer are turning far more positive.
As a result, most dealers are encouraged that fourth-quarter spending on equipment will rival that of the last quarter of 2011.
But the dealers' view toward 2013 sales is more subdued - but remains positive.
According to the most recent UBS
Global Equity Research survey of farm equipment dealers, 43% expect second-half sales to be higher than last year, 25% are anticipating lower sales in the second half vs. 2011, and 33% see sales coming in at about the same level as the second half of last year.
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