Contents:

AGRICULTURAL IMPLEMENTS AND MACHINERY A GLOBAL STRATEGIC BUSINESS REPORT CONTENTS I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS Study Reliability and Reporting Limitations I-1 Disclaimers I-2 Data Interpretation & Reporting Level I-2 Quantitative Techniques & Analytics I-3 Product Definitions and Scope of Study I-3 Focus On Select Products I-4 Farm Tractors I-4 Garden Tractors I-4 Implements I-4 Tillage Implements I-4 Harvesters I-4 Combines I-4 Cultivators I-4 Spreaders I-5 Planters I-5 Hay/Forage Tools I-5 Sprayers I-5 II. 1. Market Dynamics II-1 Outlook II-1 Table 1: Leading Players in the World Market for Agricultural Equipment (2003 & 2005(E)): Percentage Breakdown of Value Sales by Company for Deere & Co, CNH Global, AGCO, and Others (includes corresponding Graph/Chart) II-2 Developments in Agri Technology II-2 State-of-the-Art Technology for Tractors II-2 Safe and Economical Equipment II-3 Autonomous Agricultural Equipment II-3 Assisted Steering System: A Way to Enhance Productivity II-4 Tractor Powered by Solar Energy II-5 Global Trends II-5 2. Market Structure II-7 Overview II-7 Development and Progress II-7 Farming Practices II-7 Large-Scale, Capital-Intensive Farming II-7 Medium-Scale Farming II-7 Small-Scale Farming II-8 Economics of Agricultural Machinery II-8 Market Players and Structure II-8 Case-New Holland Merger II-9 Competitive Scenario in the Recent Past II-10 Table 2: Global Market Shares of Agricultural Equipment Companies: 2002 Deere & Co, CNH Global, AGCO, Kubota Corp, Caterpillar / Claas and Others (includes corresponding Graph/Chart) II-10 Table 3: Shares of Global Agricultural Equipment Companies: 2000 & 2001 Deere & Co, CNH Global, AGCO, Kubota Corp, Caterpillar / Claas and Others (includes corresponding Graph/Chart) II-11 3. Product Overview II-12 Agricultural Equipment II-12 Farm Tractors II-12 Garden Tractors II-12 Implements II-12 Tillage Implements II-12 Harvesters II-13 Combines II-13 Cultivators II-13 Spreaders II-13 Planters II-13 Hay/Forage Tools II-13 Sprayers II-13 History of Agriculture II-13 Structure and Evolution of the Industry II-14 Agricultural Problems II-14 Solutions II-14 Developing Nations Vs Developed Nations II-14 Agricultural Revolution II-14 Economic Importance II-15 Cereals II-15 Roots & Tubers II-15 Pulses II-15 Oil Crops II-15 Plantation Crops II-15 Agriculture in Urban Areas II-15 Millions Engaged in Agriculture II-16 4. Product Innovations/Introductions II-17 CLAAS Launches New Production Line II-17 Frontier Unveils Three-Point Hay Attachments II-17 John Deere Introduces New Compact Utility Tractors II-17 John Deere Unveils New 3203 Compact Utility Tractor II-17 John Deere Launches New Class of Riding Lawn Equipment II-17 John Deere Unveils New 4930 Self-Propelled Sprayer II-17 Massey Ferguson Launches New Specialty Tractors II-18 Caterpillar Unveils Harvesting Machine II-18 CLASS Introduces New LEXION 500 Series II-18 CLASS Offers QUADRANT 2100 II-18 John Deere Launches the 60 Series Combines II-18 John Deere Develops New Wheel Loaders II-18 John Deere Introduces New 4920 Self-Propelled Sprayer II-19 John Deere Launches New Space Planter II-19 John Deere Unveils a New Round Baler II-19 John Deere Offers Map-Based Variable Rate Fertilizers II-19 John Deere Presents New 700 Series Center-Pivot Mower- Conditioners II-19 John Deere Releases 600 Series Platforms II-19 John Deere Introduces New 140- TO 170-HP 7020 Series Tractors II-19 Valtra Launches New M Series II-20 Kubota Launches Two New B7800HSD and M4800SU Compact Tractors II-20 Volvo Launches New VN Series of Class 8 Highway Tractors II-20 Rostselmash Exports Modified Harvesters to Iraq II-20 Deere Introduces 20-Foot 1560 No-till Drill II-21 John Deere Launches 7000 Series Self-Propelled Forage Harvesters II-21 CNH Unveils Higher Powered Tractors II-21 Deere Launches 1770NT MaxEmerge®Plus Planter II-21 AGCO Adds LT, RT and DT Series II-21 Caterpillar Updates D7R Series II Track-Type Tractor II-21 John Deere Presents JDLink™ Machine Messenger II-22 John Deere Introduces 6015 Tractors II-22 John Deere Launches 1790 Front-Fold Planter II-22 John Deere Adds 1690 and 1690 CCS Soybean Specials to Seeding Line II-22 John Deere Uncovers New 1895 No-Till Air Drill II-22 John Deere Unveils New LX Series II-22 John Deere Adds New CX-15 and HX-15 to Rotary Cutters Range II-23 John Deere Introduces Latest 1910 Commodity Air Cart II-23 John Deere Launches New Generation No-Till Drills II-23 John Deere Releases New Models of Lawn and Garden Tractors II-23 John Deere Adds New Tractors to 2002 GT Series II-23 John Deere Presents Three Sabre Models II-23 John Deere Adds New Tractors to Spin-Steer Technology™ Lawn Tractor Series II-23 John Deere Uncovers Premium GX300 Series II-24 John Deere Presents New 1600 Turbo Wide-Area Mower II-24 TAFE Introduces the “Gajraj” 60 HP Tractor II-24 John Deere Offers 2210 Compact Utility Tractors (CUT) II-24 John Deere Presents Five New Lawn and Garden Tractors II-24 John Deere Adds Fast-Unloading Grain Carts to Frontier Equipment Range II-24 Caterpillar Launches Four New Challenger MT800 Series Tractors II-25 John Deere Launches New Line of Tractors II-25 United Tractors Launches Komatsu PC 200-7 Galeo II-25 Valtra Launches New Large Tractors II-25 John Deere Presents the New Steering System II-25 John Deere Uncovers New 9020 and 9020t Tractors II-26 John Deere Releases the 4895 Self-Propelled Windrower and 895 Platforms II-26 John Deere Introduces New 6003 Series Tractors II-26 John Deere Launches New 1400 Series Front Movers II-26 Valtra Introduces EcoPower II-26 TAFE Launches Samrat 4410 II-26 AGCO Introduces AGCO® Tractor Line II-27 Caterpillar Launches Lexion 475 II-27 New Holland Tractors Introduces New Ford 3230 II-27 AGCO Launches AGCO ST II-27 Kubota Expands Product Lines II-28 CNH Launches Axial Flow 2388 Model Harvester in Brazil II-28 Kubota Introduces L4300 Compact Tractor II-28 AGCO Launches FENDT Vario Series in North America II-28 Mahindra & Mahindra Introduces Arjun 605 DI II-28 Rostselmash Develops New Model Grain Harvesters Don-091 and Don-1500B II-28 CNH Global Introduces STX Steiger Series of Tractors II-28 VST Tiller Tractors Launches Rice Transplanters II-29 Eicher Introduces 61-HP Tractor II-29 5. Recent Industry Activity II-30 Echo Acquires Agricultural Products II-30 AGCO Corp. From Joint Venture in Russia II-30 Deere & Company Acquires Roberts Irrigation Products II-30 McCormick Mergers with Landini to Form Argo Tractors II-30 GEHL to Divest Agricultural Implement Business Lines II-30 Thomas Equipment Inc Acquires Pneutech Inc. II-30 CNH Reorganizes and Restructures Business Operations II-31 M&M Inks Export Agreement with Pakistani-Group II-31 Zimplow to Take Over Willsgrove II-31 Norwegian Companies to Venture into Balkan Region II-31 Eicher Motors Sells Tractor Business to TAFE II-31 Agromash to Restructure Manufacturing Units II-31 Alamo Group (EUR) Ltd Takes Over Rousseau Holding II-32 Briggs & Stratton Corp Buys Out Simplicity Manufacturing Inc II-32 Expro International Purchases Smartract Business II-32 TAFE USA Buys Robison & Grissom II-32 Aeroglide Purchases the National Drying Machinery Company II-32 Crivello Group Signs an Agreement to Acquire Thomas Equipment II-32 Vietnam Engineering and Agricultural Machinery Corporation to Buy Equipment Workshop II-33 UIEC and Agromash to Establish a JV II-33 McLaren Tractors Opens New Agricultural Machinery Firm II-33 Deere to Invest in Agricultural Machinery II-33 TAFE and HPCL Ink Tractor Retail Deal II-33 Metalfor to Establish New Plant in Brazil II-33 Shangzhou Tractor to Set Up Tractor Plant in Zambia II-33 Deere and Bombardier Announce Coalition for Product Development II-33 AGCO Acquires Valtra Corporation II-34 CLAAS Group Acquires RENAULT Agriculture II-34 CLAAS Acquires Stake in Escorts-Claas Ltd II-34 Chinese Aided Machinery Plant Commences Production II-34 John Deere Retracts Tractors II-34 Kubota Establishes Separate Tractor and Equipment Assembly Plant II-34 CLAAS Restructures its Global Service and Spare Parts System II-35 AGCO Acquires Caterpillars Challenger Business II-35 Claas Acquires Plant from Caterpillar II-35 Renault Acquires Share in International Tractors II-35 McCormick Enters into Partnership II-35 Colin McKeown Invents New Machine for Mushroom Picking II-36 Saratovskij Manufactures Case Combine Harvesters II-36 Eicher Selects Ag Equipment as US Distributor II-36 US Eximbank Establishes LizKo in Russia II-36 Kverneland Establishes a Subsidiary in Australia II-36 AGCO Acquires Ag-Chem Equipment II-36 John Deere to Acquire Vapormatic Company II-36 Kverneland Acquires UR Machinery II-37 Participale Acquires Yanmar Indaiatube II-37 Deere and Company Acquires Richton International II-37 Deere Joins with Kanzaki II-37 CNH and Shanghai Tractor Form Joint Venture II-37 John Deere in Joint Venture with Yanmar and Kanzaki II-37 John Deere Associates with VantagePoint and Crop Verifeye II-37 CNH Commences Harvesting Machinery Manufacture II-38 AGCO Closes Willmar Facility II-38 SLC-John Deere Manufactures Harvesting Machinery Cabs II-38 Tamil Nadu Agricultural University Develops Precision Farm Equipment II-38 CNH Global Acquires Stake in Flexi-Coil II-38 Kverneland Acquires Share in Gregoire II-38 Mahindra & Mahindra Acquires Stake in Gujarat Tractors II-39 AGCO Enters into an Agreement with Russian Government II-39 AGCO Enters into Joint Venture Agreement with SAME Deutz-Fahr II-39 AGCO Enters into an Agreement with SAME Deutz-Fahr II-39 AGCO Enters into an Agreement with CNH II-39 Greaves Transforms Operations Based in Chennai into a Joint Venture II-39 Buhler Acquires Certain Four Wheel and Two Wheel Tractor Lines from CNH Global II-40 Deere Forms Joint Venture with Tianjin II-40 Rostselmash Signs Distribution Agreement with Transibkomplekt II-40 L&T John Deere Enters in India II-40 CNH Sells UK Tractor Plant to Landini S.p.A II-40 AGCO Corp Establishes Massey Ferguson SpA II-41 Renault Agriculture Develops Automatic Guidance System for Tractors II-41 6. Focus on Select Players II-42 AGCO Corp (US) II-42 Class KgaA (Germany) II-42 CNH Global (US) II-42 Deere & Company (John Deere) (US) II-42 Escorts Ltd (India) II-43 Honda Motors Co Ltd (Japan) II-43 Isuzu Motors Ltd (Japan) II-43 Iseki & Co Ltd (Japan) II-43 Kubota Corp (Japan) II-43 Kverneland Group (Norway) II-44 Mahindra & Mahindra Ltd (India) II-44 Mitsubishi Agricultural Machinery Co Ltd (Japan) II-44 Punjab Tractors Limited (India) II-44 Same Deutz-Fahr Group (France) II-45 Tractors and Farm Equipment Ltd (India) II-45 7. Global Market Perspective II-46 Table 4: World Recent Past, Current & Future Analysis for Agricultural Implements and Machinery by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) Middle East/Africa and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) II-46 Table 5: World 10-Year Perspective for Agricultural Implements and Machinery by Geographic Region Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) Middle East/Africa and Latin America Markets for Years 2001, 2005 & 2010 (includes corresponding Graph/ Chart) II-47 Table 6: World Recent Past, Current & Future Analysis for Farm Tractors by Geographic Region US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) Middle East/Africa and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) II-48 Table 7: World 10-Year Perspective for Farm Tractors by Geographic Region Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) Middle East/Africa and Latin America Markets for Years 2001, 2005 & 2010 (includes corresponding Graph/Chart) II-48 Table 8: World Recent Past, Current & Future Analys6is for Harvesting Machinery by Geographic Region US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) Middle East/Africa and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) II-49 Table 9: World 10-Year Perspective for Harvesting Machinery by Geographic Region Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) Middle East/Africa and Latin America Markets for Years 2001, 2005 & 2010 (includes corresponding Graph/Chart) II-49 Table 10: World Recent Past, Current & Future Analysis for Planting & Fertilizing Machinery by Geographic Region US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) Middle East/Africa and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) II-50 Table 11: World 10-Year Perspective for Planting & Fertilizing Machinery by Geographic Region Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) Middle East/Africa and Latin America Markets for Years 2001, 2005 & 2010 (includes corresponding Graph/ Chart) II-50 Table 12: World Recent Past, Current & Future Analysis for Plowing & Cultivating Machinery by Geographic Region US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) Middle East/Africa and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) II-51 Table 13: World 10-Year Perspective for Plowing & Cultivating Machinery by Geographic Region Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) Middle East/Africa and Latin America Markets for Years 2001, 2005 & 2010 (includes corresponding Graph/ Chart) II-51 Table 14: World Recent Past, Current & Future Analysis for Haying Machinery by Geographic Region US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) Middle East/Africa and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) II-52 Table 15: World 10-Year Perspective for Haying Machinery by Geographic Region Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) Middle East/Africa and Latin America Markets for Years 2001, 2005 & 2010 (includes corresponding Graph/Chart) II-52 Table 16: World Recent Past, Current & Future Analysis for Auxiliary Equipment and Others by Geographic Region US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) Middle East/Africa and Latin America Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) II-53 Table 17: World 10-Year Perspective for Auxiliary Equipment and Others by Geographic Region Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan) Middle East/Africa and Latin America Markets for Years 2001, 2005 & 2010 (includes corresponding Graph/ Chart) II-53 III. MARKET 1. United States III-1 A.Market Analysis III-1 Fact File of US Farming III-1 Market Outlook III-1 Table 18: Leading Players in the North American Market for Agricultural Equipment (2003 & 2005(E)): Percentage Breakdown of Value Sales by Company for CNH Global, Deere & Co, AGCO, and Others (includes corresponding Graph/Chart) III-2 Overview of Agriculture Industry III-2 Farming Sector III-2 Industry Trends III-2 Farm Population and Labor III-3 Productivity III-3 Marco Economic Factors Support Growth III-3 Agricultural Equipment Market III-4 Table 19: US Recent Past, Current & Future Analysis for Tractors & Combines by Product Segment 2WD Tractors under 40 HP, 2WD Tractors between 40 100 HP, 2WD Tractors over 100 HP, 4WD Tractors, and Self-Propelled Combines Markets Independently Analyzed with Annual Sales Figures in Units for Years 2001 through 2010 (includes corresponding Graph/Chart) III-4 Table 20: US Historic Review for Tractors & Combines by Product Segment 2WD Tractors under 40 HP, 2WD Tractors between 40 100 HP, 2WD Tractors over 100 HP, 4WD Tractors, and Self-Propelled Combines Markets Independently Analyzed with Annual Sales Figures in Units for Years 1991 through 2000 (includes corresponding Graph/Chart) III-5 Cyclical Trends Characterize Tractors Sector III-5 Major Factors Influencing Farm Equipment Purchases III-5 Major Factors Adversely Affecting the US Market III-6 Past Perspective III-6 Table 21: Average Farm Size in North America: 1990-2002 (In Acres) (includes corresponding Graph/Chart) III-6 Table 22: Number of Farms in North America: 1990-2002 (In Thousands) (includes corresponding Graph/Chart) III-6 Table 23: Planted Acreage in North America (US and Canada ): 1991-2002 (includes corresponding Graph/Chart) III-7 Table 24: Cash Price of Corn, Wheat and Soybeans: 2002- 2003 (includes corresponding Graph/Chart) III-7 Table 25: Cash Income of Farms: 2000-2004 (US$ Billion) (includes corresponding Graph/Chart) III-7 Table 26: Demand for Tractors and Self-Propelling Combines in North America, by Quarter: 2000 (In Units) (includes corresponding Graph/Chart) III-8 Table 27: Demand for Tractors and Self-Propelling Combines in North America, by Quarter: 2001 (In Units) (includes corresponding Graph/Chart) III-8 Table 28: Demand for Tractors and Self-Propelling Combines in North America, by Quarter: 2002 (In Units) (includes corresponding Graph/Chart) III-9 Table 29: Share of Deere & Co, CNH Global, Agco, Kubota Corp and Others in the North American Agricultural Equipment Market: 2002 (includes corresponding Graph/Chart) III-9 Table 30: Share of Deere & Co, CNH Global, Agco, Kubota Corp, and Others in Agricultural Equipment Market: 2000 (includes corresponding Graph/Chart) III-9 Table 31: Share of CNH Global, Deere & Co, Agco and Others in the North American 4WD Tractor Market: 2001(includes corresponding Graph/Chart) III-10 Table 32: Share of CNH Global, Deere & Co, Agco, and Others in the North American Market for Combines: 2001 (includes corresponding Graph/Chart) III-10 Agricultural Trade in 2002 III-10 Import Export Scenario in Late 1990s III-10 Table 33: Leading US Farm Machinery Exports: 1999 (US$ in million) (includes corresponding Graph/Chart) III-11 Table 34: Leading US Farm Machinery Imports, by Source Country: 1999 (US$ in million) (includes corresponding Graph/Chart) III-11 Product Launches III-12 Strategic Developments III-20 Key Players III-25 B.Market Analytics III-26 Table 35: US Recent Past, Current & Future Analysis for Agricultural Implements and Machinery by Product Segment - Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-26 Table 36: US 10-Year Perspective for Agricultural Implements and Machinery Parts by Product Segment Percentage Breakdown of Dollar Sales for Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets for 2001, 2005 & 2010 (includes corresponding Graph/Chart) III-27 2. Canada III-28 A.Market Analysis III-28 Outlook III-28 Overview III-28 Farming Sector in Canada III-28 Table 37: Number of Farms in Canada, by province: 1996 & 2001 III-29 Crop Selection by Canadian Farmers III-29 Table 38: Acreage of Various Fruits and Vegetables in 2001 (includes corresponding Graph/Chart) III-29 Farmers Turn Tech-Savvy III-30 Table 39: Number and Area of Census Farms in Canada, by Province: 1991-2001 (includes corresponding Graph/Chart) III-30 Tractors and Combines Market III-30 Table 40: Canadian Recent Past, Current & Future Analysis for Tractors & Combines by Product Segment 2WD Tractors under 40 HP, 2WD Tractors between 40 100 HP, 2WD Tractors over 100 HP, 4WD Tractors, and Self-Propelled Combines Markets Independently Analyzed with Annual Sales Figures in Units for Years 2001 through 2010 (includes corresponding Graph/Chart) III-31 Table 41: Canadian Historic Review for Tractors & Combines by Product Segment 2WD Tractors under 40 HP, 2WD Tractors between 40 100 HP, 2WD Tractors over 100 HP, 4WD Tractors, and Self-Propelled Combines Markets Independently Analyzed with Annual Sales Figures in Units for Years 1991 through 2000 (includes corresponding Graph /Chart) III-31 Facts about Canada III-32 Table 42: Crop Area Under Cultivation in Canada: 2002-2003 (in thousand hectares) (includes corresponding Graph/Chart) III-32 Factors Affecting the Agriculture III-33 Industry Trends III-33 Table 43: Share of Deere & Co, CNH Global, Agco, Kubota Corp, and Others in Agricultural Equipment Market: 2001 and 2002 (includes corresponding Graph/Chart) III-33 B.Market Analytics III-34 Table 44: Canadian Recent Past, Current & Future Analysis for Agricultural Implements and Machinery by Product Segment Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-34 Table 45: Canadian 10-Year Perspective for Agricultural Implements and Machinery by Product Segment Percentage Breakdown of Dollar Sales for Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets for 2001, 2005 & 2010 (includes corresponding Graph/Chart) III-34 3. Japan III-35 A.Market Analysis III-35 Outlook III-35 Market Structure III-35 Overview III-35 Japanese Farm Market in Recent Past III-35 Key Players III-36 Table 46: Leading Players in the Japanese Market for Wheel Tractors (2003 & 2005(E)): Percentage Breakdown of Value Production by Company for Kubota Corp, Yanmar Agricultural Equipment, Iseki & Co, Isuzu Motors Ltd, Mitsubishi Agricultural Machinery and Others (includes corresponding Graph/Chart) III-36 Table 47: Leading Players in the Japanese Market for Power Tillers/Cultivators (2003 & 2005(E)): Percentage Breakdown of Value Production by Company for Honda Motors Co Ltd, Iseki & Co, Isuzu Motors Ltd, Kubota Corp, Mitsubishi Agricultural Machinery, Seirei Industry Co Ltd, and Others (includes corresponding Graph/Chart) III-37 Table 48: Leading Players in the Japanese Market for Combines (2003 & 2005(E)): Percentage Breakdown of Value Production by Company for Iseki & Co, Kubota Corp, Mitsubishi Agricultural Machinery, Seirei Industry Co Ltd, and Others (includes corresponding Graph/Chart) III-37 Table 49: Leading Players in the Japanese Market for Rice Planting Machines (2003 & 2005(E)): Percentage Breakdown of Value Production by Company for Kubota Corp, Iseki & Co, Mitsubishi Agricultural Machinery, Minoru Sangyo, and Others (includes corresponding Graph/Chart) III-38 Table 50: Leading Players in the Japanese Market for Rice Huskers (2003 & 2005(E)): Percentage Breakdown of Value Production by Company for Iseki, Satake, and Others (includes corresponding Graph/Chart) III-38 Table 51: Leading Players in the Japanese Market for Agricultural Driers (2003 & 2005(E)): Percentage Breakdown of Value Production by Company for Satake, Yamamoto, and Others (includes corresponding Graph/Chart) III-39 Table 52: Leading Players in the Japanese Market for Rice Polishing Machines (2003 & 2005(E)): Percentage Breakdown of Value Production by Company for Satake, Marumasu Kikai, and Others (includes corresponding Graph/Chart) III-39 Table 53: Leading Players in the Japanese Market for Grain Processing Machines (2003 & 2005(E)): Percentage Breakdown of Value Production by Company for Rheon Automatic Machinery, Oshikiri Machinery, Satake, and Others (includes corresponding Graph/Chart) III-40 Table 54: Leading Players in the Japanese Market for Flour Milling Machines (2003 & 2005(E)): Percentage Breakdown of Value Production by Company for Meiji-Machine, Tokai Powdex, and Others (includes corresponding Graph/Chart) III-40 Competitive Scenario in the Recent Past III-41 Table 55: Share of Leading Tractor Players: Kubota, Iseki, Isuzu Motors Shibaura Kikai, Mitsubishi Agricultural Machinery and Others: 2001 (includes corresponding Graph /Chart) III-41 Table 56: Share of Leading Power Tillers/Cultivators Players: Kubota, Iseki, Honda Motor, Seirei Industry, Mitsubishi Agricultural Machinery, Ishikawajima Shibaura Kikai and Others: 2001 (includes corresponding Graph/ Chart) III-41 B.Market Analytics III-43 Table 57: Japanese Recent Past, Current & Future Analysis for Agricultural Implements and Machinery by Product Segment Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-43 Table 58: Japanese 10-Year Perspective for Agricultural Implements and Machinery by Product Segment Percentage Breakdown of Dollar Sales for Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets for 2001, 2005 & 2010 (includes corresponding Graph/Chart) III-43 4. Europe III-44 A.Market Analysis III-44 Outlook III-44 Market Overview and Structure III-44 Table 59: Leading Players in the European Market for Agricultural Equipment (2003 & 2005(E)): Percentage Breakdown of Volume Sales by Company for Deere & Co, CNH Global, AGCO, Kubota Corp, and Others (includes corresponding Graph/Chart) III-44 Table 60: Leading Players in the European Market for Agricultural Equipment (2003 & 2005(E)): Percentage Breakdown of Value Sales by Company for Deere & Co, CNH Global, AGCO, Kubota Corp, and Others (includes corresponding Graph/Chart) III-45 Tractors and Combines Market III-45 Table 61: Western Europe Recent Past, Current & Future Analysis for Tractors Annual Sales Figures in Units for Years 2001 through 2010 (includes corresponding Graph/ Chart) III-45 Table 62: Western Europe Historic Review for Tractors and Combines Annual Sales Figures in Units for Years 1991 through 2000 (includes corresponding Graph/Chart) III-46 CAP Reforms III-46 Competitive Scenario in the Recent Past III-46 Table 63: Share of New Holland, John Deere, SLH, MF, Case, Fendt, Renault, Valtra, Landini and Deutz-Fahr in Tractors Market in Europe: 2002 (includes corresponding Graph/Chart) III-46 Table 64: Market Share of CNH Global, Deere, AGCO, Kubota, SAME Deutz-Fahr, Class, Renault, Valtra, Caterpillar, Landini and Others in Agricultural Equipment Market: 2000 (includes corresponding Graph/Chart) III-47 B.Market Analytics III-47 Table 65: European Recent Past, Current & Future Analysis for Agricultural Implements and Machinery by Geographic Region France, Germany, Italy, UK, Spain, Russia & Rest of Europe Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-47 Table 66: European Recent Past, Current & Future Analysis for Agricultural Implements and Machinery by Product Segment Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-48 Table 67: European 10-Year Perspective for Agricultural Implements and Machinery by Geographic Region Percentage Breakdown of Dollar Sales for France, Germany, Italy, UK, Spain, Russia & Rest of Europe Markets for Years 2001, 2005 & 2010 (includes corresponding Graph/Chart) III-48 Table 68: European 10-Year Perspective for Agricultural Implements and Machinery by Product Segment Percentage Breakdown of Dollar Sales for Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets for 2001, 2005 & 2010 (includes corresponding Graph/Chart) III-49 4a. France III-50 A.Market Analysis III-50 Outlook III-50 Overview III-50 Table 69: Average Acreage and Number of Farms in France: 1990 and 2000 III-50 French Tractors Market III-51 Table 70: French Recent Past, Current & Future Analysis for Tractors Annual Sales Figures in Units for Years 2001 through 2010 (includes corresponding Graph/Chart) III-51 Table 71: Leading Players in the French Market for Tractors (2003 & 2005(E)) Percentage Breakdown of Volume Sales by Company for CNH, Deere, AGCO, Renault, and Others (includes corresponding Graph/Chart) III-51 Table 72: Purchasing Criteria III-52 Past Perspective III-52 Table 73: Share of New Holland, John Deere, Fendt, MF, Case, Valtra, Renault, SLH, Landini, Deutz- Fahr and Others in Tractors Market in France: 2002 (includes corresponding Graph/Chart) III-52 Table 74: French Exports of Farm Machinery and Equipments to Germany, USA, UK, Spain, Italy, Belgium, Netherlands, Switzerland, Denmark, Australia, Sweden, Japan and Others: 2001 (includes corresponding Graph/Chart) III-53 Table 75: French Imports of Farm Equipment and Machinery from Germany, Italy, USA, UK, Belgium, Holland, Austria, Sweden, Finland, Japan, Denmark, Spain and others: 2001 (includes corresponding Graph/Chart) III-53 B.Market Analytics III-54 Table 76: French Recent Past, Current & Future Analysis for Agricultural Implements and Machinery by Product Segment - Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-54 Table 77: French 10-Year Perspective for Agricultural Implements and Machinery by Product Segment Percentage Breakdown of Dollar Sales for Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets for 2001, 2005 & 2010 (includes corresponding Graph/Chart) III-54 4b. Germany III-55 A.Market Analysis III-55 Outlook III-55 Agricultural Economy III-55 Table 78: Average Acreage and Number of Farms in Germany: 1990 and 2000 III-55 Government Regulations III-55 Overview III-55 Tractors Market III-56 Table 79: German Market for Tractors A Current &Future Analysis: Annual Sales for the Years 2001 through 2010 in units. (includes corresponding Graph/Chart) III-56 Table 80: Leading Players in the German Market for Tractors (2003 & 2005(E)): Percentage Breakdown of Volume Sales by Company for CNH, Deere, AGCO, and Others (includes corresponding Graph/Chart) III-57 Competitive Scenario in the Recent Past III-57 Table 81: Share of New Holland, John Deere, MF, Case, Valtra, Renault, SLH, Landini, Deutz-Fahr and Others in Tractors Market in Germany: 2002 (includes corresponding Graph/Chart) III-57 Table 82: Share of AGCO, Fendt, Deere, CNH, Case/Steyr and Same Deutz-Fahr in Tractor Market for the year 1999 (includes corresponding Graph/Chart) III-58 Product Launches III-58 Strategic Developments III-58 B.Market Analytics III-59 Table 83: German Recent Past, Current & Future Analysis for Agricultural Implements and Machinery by Product Segment - Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-59 Table 84: German 10-Year Perspective for Agricultural Implements and Machinery by Product Segment Percentage Breakdown of Dollar Sales for Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets for 2001, 2005 & 2010 (includes corresponding Graph/Chart) III-60 4c. United Kingdom III-61 A.Market Analysis III-61 Outlook III-61 Overview III-61 Tractors Market III-62 Table 85: UK Recent Past, Current & Future Analysis for Tractors Annual Sales Figures in Units for Years 2001 through 2010 (includes corresponding Graph/Chart) III-62 Table 86: Leading Players in the UK Market for Tractors (2003 & 2005(E)): Percentage Breakdown of Volume Sales by Company for CNH, Deere, AGCO, and Others (includes corresponding Graph/Chart) III-62 A Peep into the Past III-63 Table 87: Share of John Deere, New Holland, Case, AGCO, SAME Deutz Fahr, Renault, JCB Landpower, Valtra and Others in Tractor Market for the year 1998 (includes corresponding Graph/Chart) III-63 Strategic Developments III-63 B.Market Analytics III-64 Table 88: UK Recent Past, Current & Future Analysis for Agricultural Implements and Machinery by Product Segment - Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-64 Table 89: UK 10-Year Perspective for Agricultural Implements and Machinery by Product Segment Percentage Breakdown of Dollar Sales for Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets for 2001, 2005 & 2010 (includes corresponding Graph /Chart) III-64 4d. Italy III-65 A.Market Analysis III-65 Outlook III-65 Italian Tractors Market III-65 Table 90: Italian Recent Past, Current & Future Analysis for Tractors Annual Sales Figures in Units for Years 2001 through 2010 (includes corresponding Graph/Chart) III-65 Table 91: Leading Players in the Italian Market for Tractors (2003 & 2005(E)): Percentage Breakdown of Volume Sales by Company for CNH, Same-Deutz, Deere, AGCO, and Others (includes corresponding Graph/Chart) III-66 A Peep into the Past III-66 Table 92: Share of New Holland, John Deere, MF, Case, Valtra, Renault, SLH, Landini, Deutz-Fahr and Others in Tractors Market in Italy: 2002 (includes corresponding Graph/Chart) III-66 Strategic Development III-67 B.Market Analytics III-67 Table 93: Italian Recent Past, Current & Future Analysis for Agricultural Implements and Machinery by Product Segment Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-67 Table 94: Italian 10-Year Perspective for Agricultural Implements and Machinery by Product Segment Percentage Breakdown of Dollar Sales for Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets for 2001, 2005 & 2010 (includes corresponding Graph/Chart) III-68 4e. Spain III-69 A.Market Analysis III-69 Outlook III-69 Tractors Market III-69 Table 95: Spanish Recent Past, Current & Future Analysis for Tractors Annual Sales Figures in Units for Years 2001 through 2010 (includes corresponding Graph/Chart) III-69 Table 96: Leading Players in the Spanish Market for Tractors (2003 & 2005(E)) Percentage Breakdown of Volume Sales by Company for New Holland, John Deere, MF, Case, Valtra, Renault, Landini, Deutz-Fahr and Others (includes corresponding Graph/Chart) III-70 Importance of Agriculture Industry III-70 Overview III-71 Common Agricultural Policy and Agricultural Equipment Industry III-71 B.Market Analytics III-71 Table 97: Spanish Recent Past, Current & Future Analysis for Agricultural Implements and Machinery by Product Segment Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-71 Table 98: Spanish 10-Year Perspective for Agricultural Implements and Machinery by Product Segment Percentage Breakdown of Dollar Sales for Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets for 2001, 2005 & 2010 (includes corresponding Graph/Chart) III-72 4f. Russia III-73 A.Market Analysis III-73 Outlook III-73 Overview of Agricultural Industry III-73 Market Issues III-73 Decline in Food Production in 1990s III-73 Regaining Lost Ground III-74 Policy Initiatives III-74 Import-Export Scenario in Mid & Late 90s III-74 Table 99: Imports of Cultivation, Preparation and Planting Machinery: 1997-1998 (US$ in million) (includes corresponding Graph/Chart) III-74 Table 100: Imports of Combine Harvesters and Other Harvesting Machinery: 1995-1997 (million US$) (includes corresponding Graph/Chart) III-75 Table 101: Imports of Agricultural Tractors: 1995- 1997 (US$ in million) (includes corresponding Graph/Chart) III-75 Russian Agriculture Industry III-76 Collective Agriculture III-76 Individual Farmers III-76 Agricultural Companies III-76 Strategic Development III-76 B.Market Analytics III-77 Table 102: Russian Recent Past, Current & Future Analysis for Agricultural Implements and Machinery by Product Segment Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-77 Table 103: Russian 10-Year Perspective for Agricultural Implements and Machinery by Product Segment Percentage Breakdown of Dollar Sales for Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets for 2001, 2005 & 2010 (includes corresponding Graph/Chart) III-77 4g. Rest of Europe III-78 A.Market Analysis III-78 Outlook III-78 Brief Description of Select Markets III-78 Poland III-78 Bulgaria III-78 Overview III-78 Import Scenario in the Recent Past III-79 Ukraine III-79 Agriculture Plagued by Problems III-79 Industry Structure III-79 Overview III-80 Table 104: Supply of Harvesting Machinery in the Ukrainian Agricultural Market: 2001 III-80 Table 105: Agricultural Machinery Availability at Various Providers in Ukraine: 2001 (In thousands of units) III-80 Demand for US Equipment III-81 Hungary III-81 Agricultural Sector The Past and Present Scenario III-81 Turkey III-81 Past Perspective III-82 Table 106: Tractor Production in Turkey: 1999- 2001 (Value: Billion Turkish Liras-with 1998 prices Quantity: Unit) III-82 Table 107: Agricultural Machinery and Tools Production in Turkey: 1999-2001 (Value: Billion Turkish Liras-with 1998 prices) (includes corresponding Graph/Chart) III-82 The Netherlands III-83 Kazakhstan III-83 Strategic Developments III-83 B.Market Analytics III-84 Table 108: Rest of Europe Recent Past, Current & Future Analysis for Agricultural Implements and Machinery by Product Segment Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-84 Table 109: Rest of Europe 10-Year Perspective for Agricultural Implements and Machinery by Product Segment - Percentage Breakdown of Dollar Sales for Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets for 2001, 2005 & 2010 (includes corresponding Graph/Chart) III-85 5. Asia-Pacific III-86 A.Market Analysis III-86 Outlook III-86 Asian Agriculture: An Overview III-86 Table 110: Leading Players in Agricultural Equipment Market in Asia-Pacific (2003 & 2005(E)): Percentage Breakdown of Volume Sales by Company for Deere & Co, CNH Global, AGCO, Kubota Corp, and Others (includes corresponding Graph/ Chart) III-86 Table 111: Share of Deere & Co, CNH Global, Agco, Kubota Corp, and Others in the Asian Agricultural Equipment Market: 2001 and 2002 (includes corresponding Graph/Chart) III-87 Brief Description of Select Markets III-87 China III-87 Introduction III-87 Developments in Chinese Economy III-88 Government Support to Agriculture III-88 Market Structure III-89 Overview III-90 China: An Agri-Machinery Giant III-90 Tractor Demand III-91 Table 112: Leading Players in the Chinese Market for Agricultural Tractors (25-49 HP) (2004) Percentage Breakdown of Volume Sales by Company for Shandong Tractor, Yituo (Ningbo) CSI, Yancheng Tractor, and Others (includes corresponding Graph/Chart) III-91 Table 113: Leading Players in the Chinese Market for Agricultural Tractors (50HP and above) (2004) - Percentage Breakdown of Volume Sales by Company for First Tractor, Foton, John Deere Tiantuo, Shanghai New Holland, Qingjiang Tractor Co, and Others (includes corresponding Graph/Chart) III-92 Past Perspective III-92 Table 114: >25 HP Tractor Market in China: Sales and Output of Top Ten Manufacturers in 1999 (In Units) (includes corresponding Graph/Chart) III-92 Table 115: <25 HP Tractor Market in China: Sales and Output of Top Ten Manufacturers in 1999 (In Units) (includes corresponding Graph/Chart) III-93 India III-93 Overview III-93 A Brief Insight into the Local Tractor Market III-94 History of Tractors in India III-94 Green Revolution a Tractor Boom III-94 Current Scenario III-95 Table 116: Leading Players in the Indian Market for Tractors (2003 & 2005(E)): Percentage Breakdown of Volume Sales by Company for M&M, Escorts, TAFE, Punjab Tractors, Eicher, and Others (includes corresponding Graph/Chart) III-96 Table 117: Leading Players in the Indian Market for Tractors (21-30 HP) (2004): Percentage Breakdown of Volume Sales by Company for Eicher, Escorts, M&M, TAFE, PTL and Others (includes corresponding Graph/Chart) III-96 Table 118: Leading Players in the Indian Market for Tractors (31-40 HP) (2004): Percentage Breakdown of Volume Sales by Company for Eicher, Escorts, M&M, PTL, TAFE and Others (includes corresponding Graph/Chart) III-97 Table 119: Leading Players in the Indian Market for Tractors (41-50 HP) (2004): Percentage Breakdown of Volume Sales by Company for Eicher, HMT, M&M, PTL, TAFE, LT-JD and Others (includes corresponding Graph/ Chart) III-97 Table 120: Leading Players in the Indian Market for Tractors (Above 51 HP) (2004): Percentage Breakdown of Volume Sales by Company for HMT, M&M, PTL, TAFE, LT-JD, NHI and Others (includes corresponding Graph/Chart) III-97 Past Perspective III-98 Table 121: Share of Players (Mahindra and Mahindra, Punjab Tractors, Escorts, TAFE, Eicher, HMT, Sonalika) in Indian Tractor Market: 2001-2003 (in percentage) (includes corresponding Graph/Chart) III-98 Table 122: Share of Players (Mahindra & Mahindra, Punjab Tractors, Escorts, TAFE, Eicher, HMT, Sonalika, John Deere, and New Holland Tractors) in Indian Tractor Market: 2003 (in percentage) (includes corresponding Graph/Chart) III-99 Thailand III-99 Geography III-99 Agriculture Industry III-100 Philippines III-101 Government Support III-101 Market for Agriculture Industry III-101 Australia III-101 Overview III-101 Tractors and Combines Market III-102 Table 123: Australian Recent Past, Current & Future Analysis for Tractors and Combines Annual Sales Figures in Units for Years 2001 through 2010 (includes corresponding Graph/Chart) III-102 Table 124: Australian Historic Review for Tractors and Combines Annual Sales Figures in Units for Years 1991 through 2000 (includes corresponding Graph/Chart) III-102 Government Support to Agriculture in 2002 III-103 Exports Scenario III-103 Strategic Developments III-103 Key Players III-104 B.Market Analytics III-105 Table 125: Asia-Pacific Recent Past, Current & Future Analysis for Agricultural Implements and Machinery by Product Segment Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-105 Table 126: Asia-Pacific 10-Year Perspective for Agricultural Implements and Machinery by Product Segment Percentage Breakdown of Dollar Sales for Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets for 2001, 2005 & 2010 (includes corresponding Graph/Chart) III-106 6. The Middle East/Africa III-107 A.Market Analysis III-107 Outlook III-107 Brief Description of Select Markets III-107 Egypt III-107 Saudi Arabia III-107 United Arab Emirates III-107 Other Countries III-107 South Africa III-107 Table 127: South African Recent Past, Current & Future Analysis for Tractors and Combines Annual Sales Figures in Units for Years 2001 through 2010 (includes corresponding Graph/Chart) III-108 Table 128: South African Historic Review for Tractors and Combines Annual Sales Figures in Units for Years 1991 through 2000 (includes corresponding Graph/Chart) III-108 B.Market Analytics III-109 Table 129: Middle East/Africa Recent Past, Current & Future Analysis for Agricultural Implements and Machinery by Product Segment Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-109 Table 130: Middle East/Africa 10-Year Perspective for Agricultural Implements and Machinery by Product Segment - Percentage Breakdown of Dollar Sales for Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets for 2001, 2005 & 2010 (includes corresponding Graph/Chart) III-109 7. Latin America III-110 A.Market Analysis III-110 Outlook III-110 Brief Description of Select Markets III-110 Mexico III-110 Table 131: Mexican Recent Past, Current & Future Analysis for Tractors and Combines Annual Sales Figures in Units for Years 2001 through 2010 (includes corresponding Graph/Chart) III-110 Table 132: Mexican Historic Review for Tractors and Combines Annual Sales Figures in Units for Years 1991 through 2000 (includes corresponding Graph/Chart) III-111 Brazil III-111 Outlook III-112 Table 133: Brazilian Recent Past, Current & Future Analysis for Tractors and Combines Annual Sales Figures in Units for Years 2001 through 2010 (includes corresponding Graph/Chart) III-112 Table 134: Brazilian Historic Review for Tractors and Combines Annual Sales Figures in Units for Years 1991 through 2000 (includes corresponding Graph/Chart) III-112 Overview III-113 Trends in Agriculture Industry III-113 Market Players III-113 Table 135: Leading Players in the Brazilian Market for Tractors (2003 & 2005(E)): Percentage Breakdown of Volume Sales by Company for AGCO, CNH, Deere, and Others (includes corresponding Graph/Chart) III-114 Table 136: Leading Players in the Brazilian Market for Combines (2003 & 2005(E)): Percentage Breakdown of Volume Sales by Company for AGCO, CNH, and Deere (includes corresponding Graph/Chart) III-114 Market Shares of Leading Players in the Recent Past III-115 Table 137: Share of Agrale and Yanmar in Brazilian Tractor Market (less than 49 HP) for the year 2001 III-115 Table 138: Share of AGCO, Agrale, CNH, Deere, Valtra and Yanmar in Brazilian Tractor Market (50-99 HP) for the year 2001 (includes corresponding Graph/Chart) III-115 Table 139: Share of AGCO, Agrale, CNH, Deere, Muller and Valtra in Brazilian Tractor Market (100-199 HP) for the year 2001 (includes corresponding Graph/Chart) III-115 Table 140: Share of SLC-John Deere and Others in Harvesting Machinery Market in 2001 III-116 Table 141: Share of Leading Brazilian Players in the Combines Market in 2001 Agco, CNH, Deere (includes corresponding Graph/Chart) III-116 Argentina III-116 Market Overview III-117 Table 142: Argentinean Recent Past, Current & Future Analysis for Tractors and Combines Annual Sales Figures in Units for Years 2001 through 2010 (includes corresponding Graph/Chart) III-117 Table 143: Argentinean Historic Review for Tractors and Combines Annual Sales Figures in Units for Years 1991 through 2000 (includes corresponding Graph/Chart) III-117 Importance of Agriculture III-118 Impact of Trade Agreement between Argentina and Brazil III-118 Major Players III-118 Table 144: Leading Players in the Argentinean Tractors Market (2003 & 2005(E)): Percentage Breakdown of Volume Sales by Company for AGCO, John Deere, CNH, Pauny, and Others (includes corresponding Graph/Chart) III-119 Table 145: Leading Players in the Argentinean Harvesting Machinery Market (2003 & 2005(E)): Percentage Breakdown of Volume Sales by Company for AGCO, John Deere, and Others (includes corresponding Graph/Chart) III-119 Chile III-120 Importance of Agriculture III-120 Developments in Agri-Food Sector III-120 Peru III-121 Domestic Production III-121 End User Analysis III-121 Venezuela III-121 Strategic Developments III-122 B.Market Analytics III-123 Table 146: Latin American Recent Past, Current & Future Analysis for Agricultural Implements and Machinery by Product Segment Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) III-123 Table 147: Latin American 10-Year Perspective for Agricultural Implements and Machinery by Product Segment - Percentage Breakdown of Dollar Sales for Farm Tractors, Harvesting Machinery, Planting & Fertilizing Machinery, Plowing & Cultivating Machinery, Haying Machinery and Auxiliary Equipment & Other Markets for 2001, 2005 & 2010 (includes corresponding Graph/Chart) III-123 IV. COMPETITION 1. Abbey Machinery Ltd. (Ireland) IV-1 2. Adriatica Macchine Agricole Srl (Italy) IV-2 3. AEBI Rasant GesmbH (Austria) IV-2 4. Aeroglide Corporation (USA) IV-3 5. AF Gason Pty., Ltd. (Australia) IV-4 6. Agco Corporation (USA) IV-6 Table 148: Annual Sales Analysis: 2003-2005 (In US$ million) IV-6 Table 149: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-7 Table 150: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million) IV-7 AG-Chem Equipment Co., Inc. (USA) IV-8 AGCO GmbH & Co. (Germany) IV-9 Agco Ltd. (UK) IV-11 Massey Ferguson (USA) IV-11 Valtra, Inc. (South Africa) IV-12 Valtra Tractors (UK) Ltd. (UK) IV-13 7. AGCO SM Group (Russia) IV-14 8. Agrale SA (Brazil) IV-15 9. Agrex SpA (Italy) IV-16 10. Agria-Werke GmbH (Germany) IV-17 Agria Hispania SA (Spain) IV-20 11. Agric-Bemvig SA (Spain) IV-21 12. Agrimat SA (Belgium) IV-21 13. Agrinova Srl (Italy) IV-21 14. Agris Brumi Srl (Italy) IV-22 15. Agritalia, SpA (Italy) IV-22 16. Agromash Holding Joint Stock Co. (Russia) IV-23 17. Agromet SP z.o.o (Poland) IV-23 18. Agrotractor Sevilla SA (Spain) IV-23 19. Agrovil Agostinho Vilaca Da Cunha Lda (Portugal) IV-24 20. Agrowplow (Australia) IV-24 21. Agware Pty., Ltd. (Australia) IV-25 22. Aitchison Industries Limited (New Zealand) IV-25 23. Alamo Group, Inc. (USA) IV-26 Table 151: First Quarter Sales Analysis: 2005-2006 (In US$ million) IV-26 Table 152: Annual Sales Analysis: 2004-2005 (In US$ million) IV-27 Table 153: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-27 Alamo Group (EUR) Ltd. (UK) IV-28 24. Al-Ko Kober Limited (UK) IV-29 25. Amazonen-Werke H. Dreyer Gmbh & Co. (Germany) IV-31 26. Anker Machinery Co., Ltd. (UK) IV-32 27. Antonio Carraro Iberica, SA (Spain) IV-32 28. Argo SpA (Italy) IV-33 Argo Tractors SpA (Italy) IV-33 29. Arts-Way Manufacturing Co, Inc. (USA) IV-34 30. Attachments Ltd. (UK) IV-34 31. Automatic Equipment Mfg., Co. (USA) IV-35 32. B. & B. Tractors (UK) IV-35 33. Bärtschi Fobro Ag (Switzerland) IV-35 34. Belarus Tractors Ltd. (UK) IV-36 35. Bellon Srl (Italy) IV-36 36. Bennes Maupu SA (France) IV-36 37. Berto F. LLI Snc (Italy) IV-37 38. Bianchi Srl (Italy) IV-37 39. Bijlsma-Hercules (The Netherlands) IV-37 40. Blakemore & Chell Ltd. (UK) IV-38 41. Bogballe AS (Denmark) IV-39 42. Bomford Turner Ltd. (UK) IV-40 43. Bonaveno Gianfranco & C., Snc (Italy) IV-41 44. Borello Stefano & C. Snc (Italy) IV-41 45. Briggs & Stratton Corporation (USA) IV-42 Table 154: First Quarter Sales Analysis: 2006-2007 (In US$ million) IV-43 Table 155: First Quarter Sales Analysis by Business Segment: 2006-2007 (In US$ million) IV-43 Table 156: Annual Sales Analysis: 2004-2006 (In US$ million) IV-44 Table 157: Annual Sales Analysis by Business Segment: 2005-2006 (In US$ million) IV-44 Table 158: Annual Sales Analysis by Geographic Region: 2005-2006 (In US$ million) IV-44 Table 159: Annual Sales Analysis by Business Segment: 2004-2005 (In US$ million) IV-44 Table 160: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million) IV-45 Briggs & Stratton France (France) IV-45 46. Broekema BV (The Netherlands) IV-46 47. Browns Agricultural Machinery Co., Ltd. (UK) IV-47 48. Bucktons Engineering Ltd. (New Zealand) IV-47 49. Camisa Fratelli Snc (Italy) IV-47 50. Carli Srl (Italy) IV-48 51. Carraro India Limited (India) IV-49 52. Casorzo SpA (Italy) IV-49 53. Caterpillar, Inc. (USA) IV-50 Table 161: Half Yearly Sales Analysis: 2005-2006 (H1) (In US$ million) IV-51 Table 162: Half Yearly Sales Analysis by Segment: 2005 -2006 (H1) (In US$ million) IV-51 Table 163: Half Yearly Sales Analysis by Geographic Region: 2005-2006 (H1) (In US$ million) IV-52 Table 164: Annual Sales Analysis: 2004-2005 (In US$ million) IV-52 Caterpillar (UK) IV-60 Caterpillar Do Brasil (Brazil) IV-61 Caterpillar of Australia Ltd (Australia) IV-62 Caterpillar Overseas SA (Switzerland) IV-62 54. C-DAX Systems Ltd. (New Zealand) IV-63 55. Champion Danmark AS (Denmark) IV-68 56. Chandlers (Farm Equipment) Ltd. (UK) IV-69 57. Checchi E Magli Srl (Italy) IV-69 58. Cheniaux Macer SA (Belgium) IV-69 59. China First Tractor Group (China) IV-70 60. Cimac Srl (Italy) IV-70 61. Claas KGAA / Class Group (Germany) IV-71 Claas of America, Inc. (USA) IV-72 Claas UK Ltd. (UK) IV-73 62. Clough Group (New Zealand) IV-74 63. CNH Global NV (The Netherlands) IV-75 Table 165: First Quarter Sales Analysis: 2005-2006 (In US$ billion) IV-76 Table 166: First Quarter Sales Analysis by Business Segment: 2005-2006 (In US$ billion) IV-76 Table 167: First Quarter Sales Analysis by Geographic Region: 2005-2006 (In US$ billion) IV-77 Table 168: Annual Sales Analysis: 2003-2005 (In US$ billion) IV-77 Table 169: Annual Sales Analysis by Business Segment: 2004-2005 (In US$ billion) IV-77 Table 170: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ billion) IV-77 CNH America LLC (USA) IV-79 CNH Belgium NV (Belgium) IV-79 Case IH (USA) IV-80 Case IH (Australia) IV-81 64. Comaca Snc (Italy) IV-82 65. Combi Trac Norge AS (Norway) IV-82 66. Coombridge & Alexander Ltd. (New Zealand) IV-83 67. Creina D.D (Slovenija) IV-83 68. Daedong Industrial Co., Ltd. (Korea) IV-84 69. Danbrugt A/S (Denmark) IV-84 70. Davey Afm Pty., Ltd. (Australia) IV-85 71. De Nardi Trattori Srl (Italy) IV-85 72. De Pietri Srl (Italy) IV-86 73. Deere & Company (USA) IV-87 Table 171: Nine Months Sales Analysis: 2005-2006 (Nine Months Ended, July) (In US$ million) IV-88 Table 172: Nine Months Sales Analysis by Quarter: 2005 -2006 (Nine Months Ended, July) (In US$ million) IV-89 Table 173: Annual Sales Analysis: 2003-2005 (In US$ million) IV-89 Table 174: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-89 Table 175: Annual Sales Analysis by Segment: 2004-2005 (In US$ million) IV-89 John Deere Ltd. (UK) IV-93 Farol Ltd. (UK) IV-94 John Deere Tiantuo Company Ltd. (China) IV-94 John Deere Werke Zweibruecken (Germany) IV-95 John Deere, SA De CV (Mexico) IV-95 HRN Tractors Ltd. (UK) IV-96 74. Deservire-Orhei SA (Moldova) IV-97 75. Dondi Srl (Italy) IV-98 76. Dongfeng Agricultural Machinery Group Co., Ltd. (China) IV-98 77. Doublet-Record A/S (Denmark) IV-98 78. Doyle Equipment Mfg Co., Inc. (USA) IV-99 79. Durso Srl (Italy) IV-100 80. Eder GmbH (Germany) IV-101 81. Emak SpA (Italy) IV-102 Table 176: Half Yearly Sales Analysis: 2005-2006 (H1) (In € million) IV-103 Table 177: Half Yearly Sales Analysis by Product Line: 2005-2006 (H1) (In € million) IV-103 Table 178: Half Yearly Sales Analysis by Geographic Region: 2005-2006 (H1) (In € million) IV-103 Table 179: Annual Sales Analysis: 2004-2005 (In € million) IV-103 Table 180: Annual Sales Analysis by Product Line: 2004 -2005 (In € million) IV-103 Table 181: Annual Sales Analysis by Geographic Region: 2004-2005 (In € million) IV-104 82. Enoagricola Rossi Srl (Italy) IV-105 83. Erreppi SAS (Italy) IV-105 84. Escorts Ltd. (India) IV-106 Farmtrac North America LLC (USA) IV-107 85. ETS Calvet (France) IV-108 86. FAE Group SpA (Italy) IV-109 87. Farmet AS (Czech Republic) IV-111 88. Farmtrac Tractors Europe Spolka Z.O.O (Poland) IV-112 89. Faza Srl (Italy) IV-112 90. Fella-Werke GmbH & Co., KG. (Germany) IV-113 91. Ferfor Empresa Industrial De Ferramentas E Forjados SA (Portugal) IV-113 92. Fergros Srl (Italy) IV-114 93. Finn Corporation (USA) IV-115 94. Fiona Maskinfabrik A/S (Denmark) IV-118 95. First Tractor Company Limited (China) IV-118 96. Foton Heavy Industries (China) IV-119 97. Fraser Manufacturing Ltd. (UK) IV-119 98. Galfre Domenico & C S.N.C (Italy) IV-120 99. Galicia Agrícola Sl (Spain) IV-120 100. Gallignani SpA (Italy) IV-121 101. Galucho-Industrias Metalomecanicas SA (Portugal) IV-122 102. Gaspardo Seminatrici SpA (Italy) IV-122 103. Gebruder Holder GmbH Maschinenfabrik (Germany) IV-123 104. Gehl Company (USA) IV-124 105. George Carr & Sons (Saws), Ltd. (UK) IV-125 106. George Colliar Ltd. (UK) IV-127 107. Gherardi Srl (Italy) IV-127 108. Gilles SA (Belgium) IV-127 109. Giovannini Srl (Italy) IV-128 110. Goldoni SpA (Italy) IV-129 111. Grégoire-Besson SA (France) IV-131 112. Grillo SpA (Italy) IV-132 113. Grizzly Engineering Pty, Ltd. (Australia) IV-133 114. Gyral Implements Pty, Ltd. (Australia) IV-135 115. Hallmark Tractors Ltd. (UK) IV-135 116. Hamilton Design, Ltd. (UK) IV-136 117. Highway Equipment Company (USA) IV-137 118. Hilaire Van Der Haeghe SA (Belgium) IV-138 119. HMT (International) Ltd. (India) IV-139 120. Honda Motors Co., Ltd. (Japan) IV-141 Table 182: Annual Sales Analysis: 2003-2005 (In ¥ billion) IV-142 Table 183: Annual Sales Analysis by Quarter: 2005-2006 (In ¥ billion) IV-142 Table 184: Annual Sales Analysis by Segment: 2005-2006 (In ¥ billion) IV-142 Table 185: Annual Sales Analysis by Geographic Region: 2005-2006 (In ¥ billion) IV-142 Table 186: Annual Sales Analysis by Quarter: 2004-2005 (In ¥ billion) IV-143 Table 187: Annual Sales Analysis by Segment: 2004-2005 (In ¥ billion) IV-143 Table 188: Annual Sales Analysis by Geographic Region: 2004-2005 (In ¥ billion) IV-143 121. Hoopman Machines B.V (The Netherlands) IV-152 122. Howard Australia Pty., Ltd. (Australia) IV-153 123. Howard Rotavator SA (Spain) IV-154 124. I.C.M.A. Srl (Italy) IV-154 125. Internaco SA (Spain) IV-155 126. Iseki & Co., Ltd. (Japan) IV-156 Table 189: Annual Sales Analysis: 2004-2006 (In ¥ billion) IV-156 127. Ishikawajima-Shibaura Machinery Co., Ltd. (Japan) IV-157 128. Isuzu Motors Limited (Japan) IV-158 Table 190: Annual Sales Analysis: 2003-2005 (In ¥ million) IV-158 Table 191: Annual Sales Analysis by Geographic Region: 2004-2005 (In ¥ million) IV-159 129. J C Bamford Excavators Ltd. (UK) IV-162 130. Janmatic KY (Finland) IV-162 131. Jaulent Industrie Sarl (France) IV-163 132. Jeantil SA (France) IV-163 133. JF-Fabriken (Denmark) IV-164 134. Jiangsu Qingjiang Tractor Group Corporation (China) IV-165 135. John Cornthwaite (Farm Machinery) Limited (UK) IV-165 136. John Shearer Limited (Australia) IV-166 137. Junkkari Oy (Finland) IV-168 138. Kimseed Pty., Ltd. (Australia) IV-168 139. Kioritz Corporation (Japan) IV-169 Echo, Inc. (USA) IV-169 140. Knoche Mechanical Engineering GmbH (Germany) IV-171 141. Kone Corporation (Finland) IV-172 Table 192: Annual Sales Analysis: 2004-2005 (In € million) IV-173 Table 193: Annual Sales Analysis by Geographic Region: 2004-2005 (In € million) IV-174 142. Kongskilde Industries AS (Denmark) IV-178 Kongskilde Juko Ltd. Oy (Finland) IV-180 Kongskilde Polska Sp. zoo (Poland) IV-180 143. Kubota Corporation (Japan) IV-181 Table 194: Annual Sales Analysis: 2003-2005 (In ¥ billion) IV-181 Table 195: Annual Sales Analysis by Product: 2004-2005 (In ¥ billion) IV-182 Table 196: Annual Sales Analysis by Geographic Region: 2004-2005 (In ¥ billion) IV-182 Kubota (UK) Ltd. (UK) IV-185 Kubota Europe SA (France) IV-186 144. Kukje Machinery Co., Ltd. (South Korea) IV-187 145. Kverneland Group (Norway) IV-188 Kverneland France (France) IV-188 Kverneland Group Kerteminde AS (Denmark) IV-189 146. L Bergmann Maschinenfabrik GmbH & Co., KG. (Germany) IV-190 147. Laakson Metalli Oy (Finland) IV-191 148. Lamberhurst Engineering Ltd. (UK) IV-192 149. Landbruk & Maskin A/S (Norway) IV-192 150. Landmaschinen Badel GmbH (Germany) IV-192 151. Lely (UK) Limited (UK) IV-193 152. Lemken GmbH & Co., KG. (Germany) IV-195 153. Leomar Srl (Italy) IV-195 154. LESCO, Inc. (USA) IV-196 Table 197: First Quarter Sales Analysis: 2005-2006 (In US$ million) IV-196 Table 198: Annual Sales Analysis: 2004-2005 (In US$ million) IV-197 155. Lesters Farm Machinery (UK) IV-198 156. Lidselmash Joint Stock Co. (Belarus) IV-199 157. Lincolnshire Motors Ltd. (UK) IV-199 158. Lindsay Manufacturing Co. (USA) IV-200 159. Lloyd & Jones Engineers Ltd. (UK) IV-201 160. Lloyd Loaders (M.H.) Ltd. (UK) IV-202 161. Lochmann Plantatec Srl (Italy) IV-202 162. Lor-Al Products, Inc. (USA) IV-203 163. Mac Power Srl (Italy) IV-203 164. Mahindra & Mahindra Ltd. (India) IV-204 Table 199: Nine Months Sales Analysis: 2005-2006 (Nine Months Ended, December) (In INR million) IV-205 Table 200: Annual Sales Analysis: 2004-2005 (In INR million) IV-205 165. Mailleux (France) IV-208 166. Makita Corporation (Japan) IV-209 Table 201: Annual Sales Analysis: 2004-2006 (In ¥ million) IV-210 Table 202: Annual Sales Analysis by Product: 2005-2006 (In ¥ million) IV-210 Table 203: Annual Sales Analysis by Geographic Region: 2005-2006 (In ¥ million) IV-210 Table 204: Annual Sales Analysis by Product: 2004-2005 (In ¥ million) IV-211 Table 205: Annual Sales Analysis by Geographic Region: 2004-2005 (In ¥ million) IV-211 167. Marston Tractors Ltd. (UK) IV-212 168. Mascar SpA (Italy) IV-212 169. Maschinenfabrik Bermatingen GmbH & Co. (Germany) IV-213 170. Maschinenfabrik Bernard Krone GmbH (Germany) IV-213 171. Maschinenfabrik Kemper GmbH & Co., KG. (Germany) IV-214 172. Maschinenfabrik Meyer-Lohne GmbH (Germany) IV-215 173. Maschio SpA (Italy) IV-215 174. Maskinfabriken Bredal A/S (Austria) IV-215 175. Matermacc Srl (Italy) IV-216 176. McLaren Tractors Ltd. (UK) IV-217 177. Meccanica Benassi SpA (Italy) IV-217 178. Mechanisatiecentrum West-Brabant BV (The Netherlands) IV-217 179. Merlo UK Ltd. (UK) IV-218 180. Metalcorp Manufacturing (Australia) IV-218 181. Metalfor (Argentina) IV-219 182. Metalik PLC (Bulgaria) IV-219 183. Millat Tractors Ltd. (Pakistan) IV-220 184. Minoru Industrial Co., Ltd. (Japan) IV-220 185. Mitsubishi Agricultural Machinery Co., Ltd. (Japan) IV-221 186. Moldagrotehnica SA (Moldova) IV-222 187. Moreau-Druine SA (Belgium) IV-225 188. Moresil SL (Spain) IV-225 189. Morton Tractors (UK) IV-226 190. Mosa Srl (Italy) IV-226 191. Moulton Engineering Ltd. (UK) IV-226 192. MRM Engineering Ltd. (UK) IV-227 193. M S W Machinery (International) Ltd. (UK) IV-227 194. Mus-Max Landmaschinenbau Urch KG. (Australia) IV-228 195. Mutti Amos Macchine Agricole Srl (Italy) IV-228 196. N.J.B. Mowers Ltd. (UK) IV-229 197. N.P Koning BV (The Netherlands) IV-230 198. Nanning Walking Tractor Plant (China) IV-231 199. Nardi SpA (Italy) IV-231 200. Netafim (A.C.S.) Ltd. (Israel) IV-232 201. Netagco Miedema BV (The Netherlands) IV-238 202. Ningbo C.S.I Power Machinery Group Co., Ltd. (China) IV-238 203. Ningbo Benye Tractor & Automobile Manufacture Company Limited (China) IV-239 204. Nokka-Tume Oy (Finland) IV-239 205. Nord Track Srl (Italy) IV-240 206. Novedades Agrícolas SA (Spain) IV-240 207. Nuhn Industries Ltd. (Canada) IV-240 208. Oosterlaan BV (The Netherlands) IV-241 209. Orshaagroprommash JSC (Belarus) IV-241 210. Panex AGM DOO (Croatia) IV-241 211. Par-Kan (USA) IV-242 212. ParkLand Maskinfabrik AS (Denmark) IV-242 213. Pauny Zanello (Argentina) IV-243 214. Perla JSC (Bulgaria) IV-243 215. Polmac Srl (Italy) IV-244 216. Pronar Sp. zoo (Poland) IV-244 217. Pubert SAS (France) IV-245 218. Punjab Tractors Ltd. (India) IV-246 Table 206: Annual Sales Analysis: 2005-2006 (In INR million) IV-246 Table 207: Annual Sales Analysis by Product: 2005-2006 (In INR million) IV-246 219. R.J. & J.M. Hooper Pty., Ltd. (Australia) IV-247 220. R.S. Hall Engineering Ltd. (UK) IV-248 221. Rad Technologies, Inc. (Canada) IV-249 222. Rafferty Newman (Machinery) Ltd. (UK) IV-249 223. Ranaverken AB (Sweden) IV-250 224. Randell Agriculture Ltd. (UK) IV-250 225. Rauch Landmaschinenfabrik GmbH (Germany) IV-251 226. Reform -Werke Bauer & Co. GesmbH (Austria) IV-252 227. Renault Agriculture (UK) IV-253 228. Richard Western Ltd. (UK) IV-254 229. Robix Hungary Kft. (Hungary) IV-255 230. Rotomec SpA (Italy) IV-255 231. Rustons Engineering Co., Ltd. (UK) IV-256 232. Ryobi Outdoor Products, Inc. (USA) IV-256 233. Saigal Group (Pakistan) IV-257 234. Salford Farm Machinery Limited (Canada) IV-257 235. Salix Maskiner AB (Sweden) IV-257 236. Same Deutz-Fahr Group (France) IV-258 Same Deutz Fahr Group SpA (Italy) IV-258 Same Deutz-Fahr Deutschland GmbH (Germany) IV-259 Same Deutz-Fahr UK Ltd. (UK) IV-259 237. Samson International Ltd. (UK) IV-260 238. Satake Australia Pty., Ltd. (Australia) IV-260 239. Schanzlin Traktoren Und Maschinen GmbH (Germany) IV-261 240. Schmotzer Agrartechnic GmbH (Germany) IV-261 241. Schuitemaker Machines BV (The Netherlands) IV-262 242. Seirei Industry Co., Ltd. (Japan) IV-263 243. Sembdner Maschinenbau GmbH (Germany) IV-263 244. Serigstad Agri AS (Norway) IV-263 245. Seymour Rural Equipment Pty., Ltd. (Australia) IV-264 246. Shandong Changlin Machinery Group (China) IV-264 247. Shandong Tractor Works (China) IV-265 248. Shandong Weifang Tractor Group Corporation (China) IV-265 249. Shanghai Tractor and Internal-Combustion Tractor Co. (China) IV-266 250. Shelbourne Reynolds Engineering Co., Ltd. (UK) IV-266 251. Shin Taiwan Agricultural Machinery Co., Ltd. (Taiwan) IV-267 252. Sicil Tiller SNC (Dei F.Lli Palminteri G. Elia E Samuel) (Italy) IV-267 253. Sicma SpA (Italy) IV-268 254. Siderman Snc (Italy) IV-269 255. Silvatec Skovmaskiner AS (Denmark) IV-269 256. Simplicity Australia Pty., Ltd. (Australia) IV-269 257. Simplicity Manufacturing, Inc. (USA) IV-270 258. Sipma SA (Poland) IV-273 259. Sisis Equipment (Macclesfield) Ltd. (UK) IV-274 260. Sitrex Srl (Italy) IV-275 261. Smallholder Tractors Co., Ltd. (UK) IV-275 262. SO.GE.M.A Srl (Italy) IV-275 263. Sonalika Group (India) IV-276 264. Sorring Maskinhandel AS (Denmark) IV-277 265. South Cave Tractors Ltd. (UK) IV-277 266. Southwick Tractor Co., Ltd. (UK) IV-277 267. Sovema SpA (Italy) IV-278 268. Standen Engineering Ltd. (UK) IV-278 269. Stenderup Maskiner AS (Denmark) IV-279 270. Supertino Srl (Italy) IV-279 271. Svenningsens Maskinforretning A/S (Denmark) IV-280 272. Ta Nong Agricultural Machine Co., Ltd. (Taiwan) IV-280 273. Tecnoind Srl (Italy) IV-281 274. Tecnoma (France) IV-281 275. Texas Andreas Petersen AS (Denmark) IV-282 276. The Toro Company (USA) IV-283 Table 208: Nine Months Sales Analysis: 2004-2005 (Nine Months Ended, July) (In US$ million) IV-284 Table 209: Nine Months Sales Analysis by Quarter: 2004 -2005 (Nine Months Ended, July)