Biden infrastructure plan boosts equipment ABS outlook

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Biden infrastructure plan boosts equipment ABS outlook

Equipment 575 375
September 26, 2018 - Mount Pleasant, Wisconsin, USA - Agriculture equipment sales could suffer if farmers are negatively impacted by the agricultural tariff war with China. JORGE MENDEZ bolts tractor wheels and tires to Case Magnum 340 tractors at the Case IH tractor plant in Mount Pleasant (Racine), Wis. Wednesday, September 26, 2018. (Credit Image: © Mark Hertzberg/ZUMA Wire) | Mark Hertzberg/Zuma Press/PA Images

The $2tr infrastructure plan proposed by president Joe Biden is now under review in Congress, where it is expected to go through a process that will reduce its scope and size. The comprehensive terms of the bill include plans to create millions of jobs in agriculture and construction, which will serve as a boon to the equipment ABS sector.

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