Agrishow 2024 Reports US$ 2.6 Billion in Business

Agrishow 2024 posted R$ 13.6 billion (US$ 2.6 Billion) in business, 2.4% higher than that recorded in 2023.

With 520,000 square meters and 800 booths, the almost three-decade-old event in Ribeirão Preto (SP) received 195,000 people for five days, from small, medium and large Brazilian producers to representatives of international companies. Four representatives of our PSR senior team in South America attended the Show to gather information and data.

Considered one of the largest open-air fairs in the world focused on agribusiness, Agrishow is not only a thermometer of the country’s economic activity but also a showcase of the latest in field technology, from agriculture to livestock.

In addition to large harvesters, planters, and state-of-the-art tractors–including electrically powered models—exhibitors displayed innovations in robots and drones, with more and more applications in farming and features such as greater load capacity and remote control.

Before the fair, the management cited as problems that could affect business issues such as the drop in commodity prices in the international market, severe droughts in some regions of Brazil, high interest rates and lack of resources from the current Crop Plan, since the next one is expected to be announced only within the next month.

Source: G1     Read The Article

PSR Analysis: Despite the good results of Agrishow, we see a decline in sales in the Agricultural Equipment market caused by problems with commodities prices and unfavorable funding conditions. During the show, we were able to monitor the impact of different factors on several OEMs and applications. This information enables us to update our databases using different perspectives for different applications and products and OEMs.  PSR

Fabio Ferraresi is Director, Business Development South America, for Power Systems Research

Fabio Ferraresi

Fabio Ferraresi is Managing Director, South America at Power Systems Research, where he leads regional market intelligence, consulting activities, and business development across multiple equipment segments. He holds a Bachelor’s degree in Mechanical Engineering from the University of São Paulo (USP) and an MBA in Business Management from FGV and Ohio University. Fabio also holds Six Sigma Black Belt, CMQ-OE and CQE certifications from the American Society for Quality. Prior to joining PSR in 2014, Fabio spent 13 years at Eaton Corporation in Brazil and China, where he held leadership roles including supplier development manager, supply chain manager, factory manager, and quality manager. His experience spans the automotive and industrial sectors across South America and Asia. He also serves as director at Grupo Engenho, a consulting firm focused on operational excellence and business transformation and volunteers on key committees of SAE Brazil and AEA, nonprofit organizations that support the development of policies related to the products PSR covers.

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