The Manufacturing - Farm Equipment industry is likely to bear the impact of low farm income in the near term. However, demand will eventually pick up, aided by growing demand for food. Companies like DE, KUBTY, AGCO and LNN are poised to gain.
Loading up on passive-income opportunities at reasonable valuations can be a winning strategy for long-term investors.
The farm-equipment manufacturer will lay off about 600 employees across three US factories as it shifts production to a newly planned facility in Ramos, Mexico.