Manufacturing Bright Spot Found in Food Production

Filed under: Good news, Industry, Caterpillar (CAT), Altria Group (MO), ConAgra Foods (CAG), Dean Foods (DF), Hormel Foods (HRL), Tyson Foods'A' (TSN), Smithfield Foods (SFD), Deere and Co (DE), Commodities, Agriculture, Stocks to Buy

As is often the case, growth and recovery in America begins at ground level. Current upbeat news from regional food producers is signaling good news for many companies including Deere & Company (DE). While developing industrial bases such as China and India have taken on the lion's share of mid to heavy manufacturing duties, they are also developing increased needs to feed hungry work forces. Indeed, they are also developing the capital to feed those needs.



The spin-off from this morphing consumption dynamic is a surge of growth in America's agricultural and food production sectors. Indications are that the increased demands being put upon American agricultural output is fueling an increased demand for heavy weight farm tractors and is requiring food processing facility expansions. "Sales of 100-horsepower tractors, which cost about $75,000 to $100,000 each, were up 27 percent last month over the same month last year, said Charlie O'Brien, vice president of agricultural services for The Association of Equipment Manufacturers, in an Associated Press interview.

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Manufacturing Bright Spot Found in Food Production originally appeared on BloggingStocks on Tue, 16 Nov 2010 17:00:00 EST. Please see our terms for use of feeds.

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