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Tough time for agricultural equipment firms

from Winnipeg Free Press

While farmers in the Steinbach region are frantically searching for bins to store the sky-high corn crop that has benefited from this summer's extra heat, the toll of too much heat and not enough moisture is mounting in the U.S. Midwest. Analysts have downgraded their rankings on agricultural equipment manufacturers, including Winnipeg-based Ag Growth International, amid further evidence the U.S. corn crop will be smaller than was anticipated as recently as eight weeks ago, leaving farmers with less cash to buy machinery. more

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