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South America drives the tractor business

Sales in Argentina and Brazil during 2020 contribute to strengthen the numbers of global brands.

South America has a leading role in 2020 in the tractor scenario.

Sales in Argentina and Brazil during 2020, have contributed to strengthen the numbers of global brands.

For example, AGCO, in its recent report on the progress of its international activities, noted that «tractor sales in the South American industry increased during the first nine months of 2020, driven by the growth in Brazil and Argentina.»

The factors that have been driving the operations in South America are «the solid agricultural production, as well as the favorable exchange rates».

«Farmers are replacing their old fleet after years of weak demand due to economic weakness and the challenging political environments», said AGCO.

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