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Manitou Group's Q1 Revenue In Line with Anticipations

May 7, 2012 | Posted in Data & Forecasts, Operations & Finance
Jean-Christophe Giroux, Manitou President & CEO declared: “Q1’12 comes in as the prolongation of the 2011 momentum, to substantiate our 2012 operating plan. The combination of growing revenue, sustained order intake and high backlog provides some good visibility for H1 and even beyond. Things are indoubtedly getting more and more difficult in Southern Europe but Northern Europe, US, and Asia are showing resilient signs for positive business.
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Forecast & Trends

Dealers Forecast 4% Sales Growth in 2012

April 30, 2012 | Posted in Data & Forecasts
Farm Equipment dealers expect their overall sales for the full year to rise 4%, according Ag Equipment Intelligences April survey of 170 dealers throughout North America. Combined, these dealers have annual revenues of roughly $6 billion.
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The Pace of Rural Urbanization Slows

April 13, 2012 | Posted in Data & Forecasts
Urbanization remains a dominant trend in U.S. population change, but the rate of urbanization slowed during 2000-10. During the 1990s, the rural population declined from 61.7 million to 59.1 million and the share of the population living in rural areas dropped to 21%.
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Growth of U.S. Corn Used In Ethanol Production Projected to Slow

April 8, 2012 | Posted in Data & Forecasts
High levels of domestic corn-based ethanol production are projected to continue over the next decade, with about 36 percent of total corn use projected to go to ethanol production if current laws remain in effect and specific assumptions about macroeconomic and international conditions, weather, and government policies hold.
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Average Farmland Value Varies by Land Use and Region

April 7, 2012 | Posted in Data & Forecasts
Average farmland values for the Nation mask wide regional variation. Cropland values (the land value excluding buildings) exceeded $5,000 per acre in 2007 in the Northeast and Pacific regions, where high-value crops fruits, vegetables, and orchards' are grown and development pressures are high.
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Forecast & Trends

Increases in Crop-Related Production Expenses Should Level Off in 2012

April 2, 2012 | Posted in Data & Forecasts
After rapid rises in costs since 2002, total farm production expenses are forecast to rise $12.5 billion (3.9%) this year. This increase is far less than the $35.7 billion (12.5%) growth projected in 2011. The growth in crop-related expenses (seeds, fertilizer, pesticides), livestock-related expenses (feed, livestock/poultry purchases), and fuel and oil expenses are all expected to slow following a decade of very rapid expansion, though recent rises in diesel expenses may change this outlook somewhat.
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