Agrievolution Alliance recently released  their fall survey of more than 6,000 manufacturers worldwide showing the majority believe the market is still weak.  The report shows a 3 point decline from their April report.

China and India buck the trend, showing positive growth in agriculture equipment manufacturing.  For other countries, results show no clear future trend.

Taking new orders as future indicators, there is even less of a positive outlook. Nearly 50 percent of the global ag machinery industry states that in the past three months, the volume of incoming orders in their domestic markets decreased compared to the same period a year ago.

On a global basis, 19 percent of ag machinery companies rate their business as “good,” while 34 percent describe it as unfavorable. Especially in North and South America, namely the U.S. and Brazil, current demand remains weak.

Brazil was the worst in terms of sales revenue in the last three months, followed by the U.S. Countries reporting the best sales revenue were Russia, China and India.

Lower commodity prices have negatively affected the mood of farmers and is halting the demand for new machinery.  Member of the Alliance survey may view a more detailed report, but a report for the general public may be viewed here.