Future Of Agricultural Machinery in the United States . UNACOMA General Assembly 21 June 2007. Charlie O’Brien Vice President – Agricultural Services. Agriculture Equipment Industry. 60,000 employed in equipment mfg. $20.1 billion in revenue Total economic impact: 250,000 jobs
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UNACOMA General Assembly21 June 2007
Vice President – Agricultural Services
Total economic impact:
Source: U.S. Agriculture Equipment: Powering Jobs and Dollars, Global Insight, March 2007
US relies on approximately 100,000 larger
farms for most of its food and fiber production
(1) Currently 6.0 million flex fuel vehicles (FFVs; assumed growth of 1.4 million in 2007, 1.6 million in 2008, 1.8 million in 2009 and 2.0
million per year after 2010 (2010 and beyond data according to public statements made by Ford, GM and Chrysler).
(2) Calculated assuming 600 gallons of E85 used each year per FFV. (Source: EI A projects 500 gallons of gasoline per year per vehicle
assumes 20% mileage loss compared to conventional).
Source: Renewable Fuel Association
Highest planted acres of corn since 1946
Production expected to fall short of demand pulling stocks of corn lower
8.7 million acres
Prices expected at $3.60/bushel up $.40
2.15 billion bushels used for ethanol production in 06 compared to 3.2 billion in 07, a 50% increase2007 Corn Outlook
Compared to 2006
“One Pass” over the field will be critical because of energy expense