Make way for John Deere!
Who would have thought that tractors would become in high demand again? I read a recent article that spoke of how agriculture equipment for the next couple of years will be hot items. This is because of the demand for ethanol. With gas prices rising and the scare of global warming, researchers are finding ways to substitute gasoline and/or create fuel that will result in cleaner air. One way to produce ethanol is through the use of corn crops. It is estimated that there will be an 11.5% increase in acres planted this year over last. This, along with farmers needing new tractors, results in a high demand for tractors and other equipment. It is interesting to me to think about how the economy would change if this trend keeps on going. Currently, Brazil uses ethanol-powered vehicles in its domestic market. If we follow suit, there might be a lot of changes in the economy. Many products may become obsolete while others back in high demand like tractors.