Episode 52 - Lachlan Monsborough on when the Chinese Tractors are coming

This podcast is with Lachlan Monsborough; he’s the Ag and environmental lead for Rabobank here in Australia. We pretty much exclusively spoke about the Chinese Machinery market and their ambitions to start exporting Machinery to the leading Ag countries worldwide.Lachlan said it’s just a matter of when, as they are quickly developing the appetite and are showing signs that it’s all starting to happen.Lachlan used BYD's move into Australia as an example of how they gained traction really quickly, and he outlined how quickly they have grown in just 10 years.He is giving the Machinery guys a timeline of around 10 years before they become mainstream here, and he said that once they fully focus on the export market, look out.He said the Chinese are fully aware of the cost that Westerners are paying for more traditional European and North American Machines, and they see an opportunity to offer equivalents at a much lower price. He said the John Deeres and CNH's of the world will come under great pressure.He sees the advent of competition from different continents as a positive and urges early adopters to give these Machines a go and be a little patient to pave the way for others. He said current Machinery prices are stifling innovation and hurting the Farmer in the hip pocket. It’s a fascinating look to the future.I hope you enjoy - End of message.The Farmers Club podcast is now only available to our paid newsletter subscribers. Our partner in this podcast is our sister business, Farm Tender. We are an online buying and selling marketplace for Farmers and anyone else associated with Agriculture. Go to www.farmtender.com.au and sign up from there.