AGCO Chief Executive Officer Martin Richenhagen spoke with Bloomberg News about the issue of lowering commodity prices.

Mr. Richenhagen acknowledged that the drop in prices is difficult, but it would not be nearly as difficult as the hardship of the 1990s.

Mr. Richenhagen noted that the drop will not last as long, and that the drop is on a different level than before. 

The CEO can acknowledge that the price drop is negative, but is not traumatic. He also said that he expects that the market for farm equipment will improve by the year 2016.