The farming industry is set to significantly profit from the increasing value of crops, it has been claimed.
The severe drought in Russia and Ukraine has wiped out supplies of wheat but the decreased stocks allows UK farmers to charge more as demand increases
Marie Ziegler, head of investor relations for tractor-maker John Deere, claimed that farmers should look forward to the next year with optimism.
She said: "There's no question that the recent run in commodity prices, driven by the events in eastern Europe, has supported the prospect for crop-farmer income.
"Overall, for the farm sector it would appear to be very positive as you look into 2011."
The increase in revenue could allow firms to purchase and replace more agricultural machinery in a bid to boost production levels.
John Deere has raised the estimated price of its crops for next year, including increasing the price of a bushel of wheat from $4.75 (£3) to $5.25 (£3.35).
Typical Guttridge equipment used in the agricultural industry includes; elevators – bucket elevators – valves
