The following video is part of our "Motley Fool Conversations" series in which industrials editor/analyst Brendan Byrnes and consumer goods editor/analyst Austin Smith discuss topics across the investing world.

In today's edition, Brendan and Austin continue their "Better Buy Now" series. On the block are manufacturing giants Deere and Caterpillar. Caterpillar has been on a tear recently, up more than 25% in 2012 alone. Deere's stock has appreciated almost 9% in that time period. Brendan thinks Caterpillar still has more room to run, and is a better buy right now than Deere. Brendan is concerned that lower crop prices in 2012 and 2013, coupled with a saturated farm equipment market, could help slow Deere's sales in the future. Meanwhile, he expects Caterpillar to continue growing solidly due to its emerging-market exposure, particularly in the mining equipment segment.

Austin Smith has no positions in the stocks mentioned above. Brendan Byrnes has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.