This preview shows page 1. Sign up to view the full content.
Unformatted text preview: state of Goias. Manufacturers have witnessed a brisk recovery in farm machinery sales after the financial crisis as farmers in Brazil's gigantic agricultural sector purchase new tractors and harvesters. Brazil is the world's No. 1 producer of coffee, sugar and orange juice as well as the world's second-largest grain producer. Brazilian agricultural machinery sales have been buoyed by government incentives for low-cost credit and strong agricultural commodity prices. The investment is part of AGCO's worldwide investment this year of $250 million to modernize and expand plants in emerging markets such as Brazil, China and Russia, as well as in the U.S. and Europe, the newspaper said.-By Tony Danby, Dow Jones Newswires; 55-11-3544-7074; Anthony.Danby@dowjones.com [ 28-10-10 1454GMT ] Document DJI0000020101028e6as001r3 2010 Factiva, Inc. All rights reserved. Factiva http://global.factiva.com/hp/printsavews.aspx?ppstype=Article. .. 1 of 1 10/29/10 3:35 PM...
View Full Document
- Fall '08