Farming Message Board - Msg: 23810415

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Non-Tech : Farming

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To: richardred who wrote (243)	8/20/2007 10:28:23 AM
From: richardred	Read Replies (1) of 4443

Agco to import low-cost tractors for US farmers By Doug Cameron in Chicago Sunday Aug 19 2007 17:40 Agco, the farm equipment maker, plans to start importing low-cost tractors from India to the US later this year to meet surging demand from so-called "rural lifestyle" farmers. The US group will import Massey Ferguson-brand tractors, built in a joint venture with Tafe in Chennai, to compete with such rivals in the small tractor market as Deere and CNH (NYSE:CNH) . Mahindra & Mahindra, the Indian tractor maker, already exports some models to the US. The move mirrors efforts by some carmakers to import from low-cost producers such as China to the US, although the market for small tractors is being driven by more affluent buyers. us.ft.com

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