MercoPress. South Atlantic News Agency
Brazil's 'corrupt' government hurting business and agriculture, says Agco CEO
Brazil's “corrupt” government is hurting the country's business sector, including in agriculture, the head of one of the world's biggest tractor-makers said. Martin Richenhagen, chairman and CEO of Agco, manufacturer of Fendt, Massey Ferguson and Valtra machinery, claimed he tried, and failed, to persuade Brazil's government to speed up the payment of agriculture support programs used by farmers for funding equipment purchases. Read full article
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Disclaimer & comment rulesThe unending farce of the “investigations” is going on endlessly and will ultimately boil down to NOTHING [either due to the lack of concrete evidence OR due to some legal-loopholes (which are knowingly created by the law-makers themselves to protect the corrupt amongst them)].
Feb 05th, 2016 - 08:12 am - Link - Report abuse 0It's sad to see that a great democracy is in the hands of such criminals and at the same time, the population is powerless / apathetic / ignorant.
This company had its thwarted interests. A large percentage of tractors sold in Brazil are financed by BNDES.
Feb 05th, 2016 - 10:52 am - Link - Report abuse 0We will work to remove the Massey Ferguson from the list of financeable products by the Brazilian government.
If want its tractors financed that the multinational use its own resources.
Hello, Brasileiro!
Feb 05th, 2016 - 11:33 am - Link - Report abuse 0It is obvious that each company has its own interests & objectives and each one of them must pursue the objectives to ensure the company's survival and growth.
The question is: How useful the products / services are; to Brazil and it's population?
As far as the agricultural & farming equipment are concerned; using such equipment, Brazil has the opportunity to grow in the domestic / international markets.
Without making the equipment easily accessible to the farmers:
- the supply of the farm-products will not be able to sustain the demand and
- Brazil will surely sink further into the economic crisis.
Don't you think so?
Massey Ferguson is not irreplaceable. Brazil has excellent agricultural tractors that can replace any market vacuum left by Massey Ferguson.
Feb 05th, 2016 - 07:32 pm - Link - Report abuse 0The question is: Massey Ferguson wants to work with the people and the Brazilian government or not?
It seems to me they do not want.
https://www.youtube.com/watch?v=9d9AB_i1-zE
I giggle every time I read an article about how bad it is in Brazil both economically and politically.
Feb 05th, 2016 - 08:38 pm - Link - Report abuse 0I remember arguing with the idiots on this board a couple years ago that this would happen.
and its great to see it all roll out as I said it would...
What is going on?
Feb 05th, 2016 - 09:10 pm - Link - Report abuse 0I know you are screwed and survive from underemployment. Enjoy your dollars as long you can.
https://www.youtube.com/watch?v=bFRBQjBuQmo&index=63&list=FLmXPTu1f8AdGlizWNiASx2A
Better to have U$ that are on a decade ong upswing than any other currency in the world.
Feb 05th, 2016 - 09:46 pm - Link - Report abuse 0Our underemployed would be considered the top 1% in Brazil.
How nice! It has a saying “The larger the size, the greater the fall”!
Feb 05th, 2016 - 09:54 pm - Link - Report abuse 0But of course this will NEVER happen to North America.
https://www.youtube.com/watch?v=bcg6Wmgks5s&index=75&list=FLmXPTu1f8AdGlizWNiASx2A
We've been on a steady growth path for 250 years.
Feb 05th, 2016 - 10:07 pm - Link - Report abuse 0Why would it change?
I think its funny stupid Brazilians released a gen engineer mosquito before testing it fully.
Don't you?
That's just the icing on the cake for its failed government.
I told you all long ago they'd wipe out all the gains of the 90s
They blew right past the 90s and went back to the 30s.
Even I didn't see that coming.
:)
I think we are much better. Before we eat lizards, now we eat chickens.
Feb 05th, 2016 - 10:22 pm - Link - Report abuse 0Before the IMF dictated orders. Today we dictate orders to the IMF. 14.87%. Missing very little to the power of veto. Angola may complete the quota.
https://www.youtube.com/watch?v=82rr_bAdQac&index=80&list=FLmXPTu1f8AdGlizWNiASx2A
Brazil doen't dictate to anyone but their own people and from what i see with all the riots they're not listening either.
Feb 05th, 2016 - 10:58 pm - Link - Report abuse 0You better find those lizard recipes. You may need them again soon.
“Political instability, economic weakness, and uncertainty on the funding levels of the government-subsidized financing programs in Brazil are expected to contribute to the weaker South American industry demand forecast in 2016,” Andy Beck, the Agco chief financial officer, said.
Feb 05th, 2016 - 11:22 pm - Link - Report abuse 0Thankfully some-one is speaking truth to power. If only those who elect them would listen!
Brasileiro, soon the lizards will be eating you...
Just a matter of time. already you have rats in government...
Do you consider yourself a lizard?
Feb 06th, 2016 - 12:05 am - Link - Report abuse 0I'm taking the power of the Saxons.
ONLY
Did you hear about the magic tractor?
Feb 06th, 2016 - 04:24 am - Link - Report abuse 0It turned into a field!
:-))))))))))))))))))
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