The important contribution of U.S. agriculture equipment manufacturing to the health of the nation’s economy is demonstrated in an economic paper recently released by the Association of Equipment Manufacturers. Modern advances in agriculture equipment technology and mechanization continue to play a major role in making today’s U.S. farming the most productive the world has ever seen.
The current world population of 7.2 billion is expected to reach 9.6 billion by 2050, according to the United Nations, and the AEM paper also touches on the industry’s research agenda for product innovations to “continue to push agriculture productivity through the next century.” AEM commissioned the white paper to acquaint policy makers, business, industry and the general public with the enormous and far-reaching scope of the manufacturing, distribution and use of agricultural machinery and equipment. It is part of AEM’s overall goal to advance a better understanding of the vast benefits and quality of life improvements provided by advanced mechanization.
I spoke with AEM senior vice president Charlie O’Brien about the analysis. “Agriculture’s achievements have resulted from scientific advances in many areas, including inputs and other efficiencies, yet the productivity explosion continues to be driven by enormous strides in the farm machinery and equipment technology now used to farm millions of acres,” he told me. “We want people to understand how important this industry as a whole is for the U.S. economy.”
You can listen to my interview with Charlie here: Interview with Charlie O'Brien, AEM