U.S. Ag Equipment Manufacturers Caught in Squeeze as Farmers Tighten Belts
SUGAR LAND--July 16, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Faced with falling sales, U.S. farm equipment manufacturers are laying off employees as farmers tighten their belts to cope with rising costs and falling commodity prices. Industrial Info is tracking projects by CNH Industrial America Limited, a subsidiary of CNH Industrial (NYSE:CNHI) (London, England), which is one of the world's largest agricultural-equipment manufacturers. CNH Industrial reported a 12% drop in net sales from first-quarter 2014.
Within this article: Update on farm equipment plant operations in the U.S.
