Ag equipment sales down 8%

While ag equipment exports continue to decline, massive downturn not as bad as previous quarters.

Exports of U.S.-made agricultural equipment for the first quarter of 2016 dropped 8% overall compared to the first quarter of 2015, for a total $1.7 billion shipped to global markets.

Benjamin Duyck, Association of Equipment Manufacturers (AEM) director of market intelligence, said while U.S. agricultural equipment exports to the world continue to decline, this quarter’s year-over-year drop of 8% was lower than last quarter’s 16.7% decline and the 2015 third-quarter decline of 29%.

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