Business

Agricultural machinery production fell 28.1% in 2019

Argentine agricultural machinery factories recorded a 28.1% drop in production during 2019, according to a survey by the IES consultancy. The main items affected were harvesters, tractors and smaller equipment such as harvester and sprayer heads. The fall found the factories with an idle capacity between 35% and 40%, according to estimates of the Argentine Chamber of Agricultural Machinery Manufacturers (Cafma). Manufacturers say that this is mainly due to the lack of credit, which prevents the sector from growing in volume produced and maintaining personnel costs.

Source: BAE Negocios