With the rising food demand, irrationally growing population, water scarcity, insufficient arable la

Falgunimmr03 Oct, 2024Other

With the rising food demand, irrationally growing population, water scarcity, insufficient arable land, and soil fertility deterioration, the global agricultural industry is experiencing production-specific issues. As a result, there is an increase in mechanization innovation, which is expected to drive farming efficiency. Tractors are the 56th largest traded product in the world. In 2019, the total trade volume was 57 billion U.S. dollars, and tractor exports fell -4.59%. Trade-in tractors represent 0.31%of total world trade. Agriculture has grown into a diversified and complicated industry around the world, with operating units ranging from tiny family farms to enormous multinational agricultural holdings.