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.
MachineFinder was created by John Deere in 1998. Since then we have served millions of visitors, tens of thousands of pieces of equipment and integrated with our entire dealer network.
MachineFinder, John Deere and the associated trademarks are property and available only for the specific use of Deere & Company. All Rights Reserved. 2007-2008