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Xerfi Global has published a study on Agricultural Equipment Groups, which are currently facing headwinds. Recent record harvests in Europe and the Americas have meant that supply has outpaced demand in the last few years, causing food prices to tumble since 2013. This drop in food prices has meant farm incomes have also nosedived from 2013. As a result, the farm machinery investment cycle has taken a hit, pulling down sales for agricultural equipment groups. [...]
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