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Friday 23 May 2008

Steeling for longer wait times

farmers will have to get used to waiting for their equipment.RISING steel prices are combining with high grain costs to give machinery manufacturers and farmers a headache.
Machinery manufacturers claim the combination of high grain prices and escalating steel value is exerting a pincer-like challenge to the industries.
According to the managing director of A.F. Gason, tillage and planting equipment manufacturer, high grain prices means demand for equipment have skyrocketed.
This resulted in increased lead times, and manufacturers and suppliers are unable to keep up with the demand. The rising price of steel is also affecting the product range that manufacturers can offer.
With steel prices and component prices unlikely to come down, and grain costs predicted to remain high for the next few years, manufacturers are warning farmers will have to get used to waiting for their equipment.

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