In a country unaccustomed to sincere opinion from businesspeople, the CEO of the world’s second largest agromachinery company called on (Argentina’s agro) producers to vote for those who defend the agricultural sector and said that his company will not invest in Argentina due to the agro sector problems.
The agro community needs rules and stable policies. It is the only country that does not receive subsidies and must also pay a very high tax in order to export,” said Richenhagen. “To export firsy you have to apply for a permit and then they don’t give you it,” he said exasperated in reference to the permits for exportation.
AGCO (which includes the marques Challenger, Fendt, Massey Ferguson and Valtra) will invest U$250m in factory capex and U$200m in R&D this year. Argentina is not part of its plans.