It’s always a good idea to keep an eye on emerging trends and forecasts for the agricultural industry. It helps me do a better job of reporting news and information to you, and forecasts and trends are always important as you make future business plans.
Agriculture continues to shine on the world’s stage, and it looks as if that trend will continue, according to the Agritech Business Barometer from the Agrievolution Alliance, an international coalition of ag equipment manufacturing associations.
Here’s some nuggets from the report:
For the first time in the survey’s history, most Japanese manufacturers have a positive outlook on the market.
The boom in the Indian and Brazilian markets was confirmed.
Half of the companies surveyed in the U.S. expect to see sales growth in the next six months, while the rest expect to at least maintain the high level reached in 2012.
More cautious voices come from Europe, where some markets are declining.
While there’s no perfect crystal ball, it’s a good indication that we will continue to see global strength in the ag market.
What’s your optimism level?