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"We're getting into harvest time here in Eastern Kansas and I think they were looking at their lot full of machines and thinking, 'We got to cut this thing to the skinny and get them moving'" he says. (Editing by David Greising and Tomasz Janowski)
But when good prices retreated, investiture in New equipment plunged. Even out nowadays -- with mine production convalescent along with pig and smoothing iron ore prices -- Cat says gross sales to the industriousness carry on to catch on as miners "sweat" the machines they already possess.
"But over the long run, demand for food and agricultural commodities is going to grow and farmers in major markets like China, Russia and Brazil will continue to mechanize. Machinery manufacturers will benefit from both those trends."
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