According to the statistics of the Agricultural Machinery Association, the total output value of enterprises above designated size in China's agricultural machinery industry in 2011 was 289.8 billion yuan, a year-on-year increase of 33.74%. The "Agricultural Machinery Industry Development Plan (2011-2015)" issued by the Ministry of Industry and Information Technology clearly states that by 2015, the total output value of the agricultural machinery industry will reach 400 billion yuan, with a compound growth rate of 8%. We believe that the effective output value of domestic agricultural machinery benefiting from agricultural machinery subsidies in 2012 was 95 billion yuan, and it is expected to reach 126.5 billion yuan by 2015. In the medium to long term, the domestic agricultural machinery industry will still maintain a rapid development momentum. It is estimated that the key agricultural machinery products (large and medium-sized tractors, line pressing die-cutting machine harvester and rice Rice transplanter) will maintain a compound annual growth rate of 13%, 30% and 28% respectively in the next few years. In addition, cotton, sugar cane and other small base Cash crop harvesters are expected to achieve technological breakthroughs in the next few years, showing high growth.