Ag equipment exports drop 13.5% in 2015

Long-term slump in commodity prices worldwide has negatively pressured agricultural exports and, thus, agricultural equipment.

Exports of U.S.-made agricultural equipment dropped 13.5% in 2015 compared to the previous year, with a total of $7.4 billion shipped worldwide, the Association of Equipment Manufacturers (AEM) reported, citing U.S. Department of Commerce data it uses in global market reports for members.

“The global economy is experiencing a long-term slump in commodity prices, which has put downward pressure on agricultural exports,” Benjamin Duyck, AEM director of market intelligence, said. “In

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