www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Industries

Farming machine makers find new fields for growth

(Agencies) Updated: 2015-10-09 10:50

Farming machine makers find new fields for growth

A John Deere combine on show at an international exhibition of farming machines in Nanjing, capital of Jiangsu province. Demand for big farm equipment is growing rapidly in China as the government promotes efficient agriculture. [Zhen Huai/for China Daily]

The world's largest makers of tractors and combines are finding a rare opportunity for growth in China despite a sharp slowdown in the world's No 2 economy, with big farm machines in demand as the rural labor force shrinks and plot sizes grow.

For manufacturers like United States-based AGCO and Deere & Co and Italy's CNH Industrial, Chinese demand for big machines could help to offset weakness in North America and Europe, where farm incomes are declining with global commodity prices.

The trend also contrasts with stalling sales in construction equipment and passenger cars, which have been hit by the slowing Chinese economy.

Driving this binge on bigger, more powerful equipment to till larger farms is a combination of labor migration to the cities, land reforms and government subsidies that is spurring consolidation of the country's vast small landholdings.

"People are just getting ready," said Alexious Lee, head of China industrial research at investment bank CLSA, pointing to the widespread move toward larger farms.

"Whether from the dealers or the financing side, everyone is skewing toward this angle."

The average farm in China was smaller than a football field in 2012, but still nearly 900,000 "family farms" had an average size of 13.3 hectares, according to data from the Ministry of Agriculture.

While these family plots were still less than a 10th of the average US farm, further expansions in sizes are expected as Beijing urges more efficient agriculture and takes steps toward reforming land rights.

Several thousand State and cooperative farms of about 3,500 hectares each also need bigger tractors and combines to cultivate and harvest their agribusiness-size plots.

Total sales of 100-129 horse-power tractors in China increased 38 percent in the first half of 2015 compared with the same period last year, according to AGCO, owner of the Massey Fergus-on brand.

And even though overall farm equipment sales for AGCO and others in China were flat through the first half of the year, long-term prospects look brighter.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产成人综合网亚洲欧美在线 | 2022国产精品网站在线播放 | 综合欧美日韩一区二区三区 | 91国在线高清视频 | 国产精品色内内在线播放 | 婷婷久久久五月综合色 | 久久免费高清视频 | аⅴ资源天堂8在线 | 欧美日韩亚洲第一页 | 中文字幕一区二区三 | 亚洲精品欧美精品一区二区 | 欧美夜夜骑 | 亚洲va久久久噜噜噜久久狠狠 | 91九色精品国产免费 | 亚洲欧美男人天堂 | 97在线观看| 亚州中文 | 午夜不卡av免费 | 国产在线精品观看 | 美国三级 | 欧美高清在线精品一区二区不卡 | 男人的天堂视频在线观看 | 中文字幕亚洲天堂 | 久草在线视频资源站 | 日韩在线播放中文字幕 | 在线精品国产一区二区 | 波多野结衣在线观看免费区 | 99久久免费中文字幕精品 | 亚洲第一在线播放 | 在线成人精品国产区免费 | 国产午夜视频 | 亚洲最大的视频网站 | 免费看美女午夜大片 | 毛片免费全部播放一级 | 国产成人亚洲日本精品 | 国产精品国产亚洲精品不卡 | 国产在线视频一区 | 日本黄色官网 | 日本亚洲视频 | 欧美一级免费在线观看 | 久久久小视频 |