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Farm Equipment Industry Performance: Past And Future

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  • Bjornson, Bruce
  • Klipfel, Jason

Abstract

This paper assesses the agricultural equipment industry through the perspective of the three leading firms in the United States. It reviews the salient events of the 1990s and relates the business environment to the firms' financial performance. It then assesses the factors likely to impact performance in the future, drawing on lessons from historical performance and on new environmental factors. The firms' capital market valuations appear consistent with the expectation that farm equipment firms will resume growth after the farm recession.

Suggested Citation

  • Bjornson, Bruce & Klipfel, Jason, 2000. "Farm Equipment Industry Performance: Past And Future," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 3(1), pages 1-14.
    • Handle: RePEc:ags:ifaamr:34567
    DOI: 10.22004/ag.econ.34567
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    References listed on IDEAS

    as
    1. Paarlberg, Don, 1999. "Obituary for a Farm Program," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 14(1), pages 1-4.
    2. Tobin, James, 1969. "A General Equilibrium Approach to Monetary Theory," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 1(1), pages 15-29, February.
    3. David L. Sunding, 1996. "Measuring the Marginal Cost of Nonuniform Environmental Regulations," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(4), pages 1098-1107.
    4. Hayashi, Fumio, 1982. "Tobin's Marginal q and Average q: A Neoclassical Interpretation," Econometrica, Econometric Society, vol. 50(1), pages 213-224, January.
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