Farm machinery
1976
Book, A.N.
Increased production capacity allowed North American farm machinery manufacturers to meet demand in 1976, when sales exceeded 1975 levels in both value and unit terms. sales are likely to be lower in 1977 because of lower 1976 farm income prospects and the fact that stocks of machinery on farms have been replenished in the past few years. the reduced demand plus the better supply demand balance will mean a lower rate of increase in prices and an increase in inventories in 1977.
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