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Value of farm equipment, construction machinery shipped in December down

Tuesday, February 9, 2010

The value of shipments of farm equipment declined in December.
The value of shipments of farm equipment declined in December.

The value of shipments of farm equipment in December took a drop when compared to the previous month, a recent report from the U.S. Census Bureau shows.

According to the bureau, the value of farm equipment shipped by manufacturers in the last month of 2009 came in at about $2.1 billion, which is down from the $2.12 billion seen in November.

Value for construction equipment shipped also fell from November to December, declining by 1 percent. The total value of construction equipment shipped came to more than $1.45 billion.

Though the total value of farm equipment and construction machinery shipped in December was down, overall shipments of durable goods was up 2.8 percent during the month. The value of shipments of durable goods was up to $181.7 billion, which marks an increase of $5 billion.

While the end of the year saw farm equipment values down, the future may end up looking brighter for manufacturers. According to the Association of Equipment Manufacturers, 2010 will continue to see lower sales of most types of farm equipment, though that should start to change in 2011.
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