Farm Ireland
Independent.ie

Sunday 4 December 2016

New tractor sales rise by 70pc

Published 22/02/2012 | 06:00

New tractor sales jumped by almost 70pc last month, compared with the same period last year.

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In a sign of increasing confidence in the agriculture sector, 419 new tractors were registered last month, which is the highest number registered since January 2009.

Just 248 tractors were registered in January last year, a figure 69pc lower than this year.

The new figures point to a higher level of optimism among farmers, according to Gary Ryan, chief executive of the Farm Tractor & Machinery Trade Association (FTMTA).

"Indications are that February and March will be strong also, with ongoing new sales confirmed," said Mr Ryan.

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"This type of activity should bring us towards a level of 1,750 for the year, which was the same figure as in 2009."

Back in January 2009, 551 tractors were registered. However, Mr Ryan added that the 2009 figure included a large number of sales made in the latter months of the previous year.

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The location and size of the new tractors registered this year point to a significant number of machines being bought by dairy and beef farmers.

Cork had the highest number of new registrations last month at 65, while Galway had 35, Kilkenny and Laois 26 each and Meath 24.

"Looking at the horsepower and locations of the tractors sold, we believe that around 300 of the 420 tractors were bought by beef and dairy farmers," said the FTMTA boss.

"It appears that farmers have assessed commodity markets and are starting to reinvest in their farms again after three years when tractor sales were in the doldrums."

Meanwhile, the bi-annual FTMTA Grass event, due to be held in Gurteen College in May, is being heavily booked by machinery dealers. Some 84 demonstration plots have already been taken, compared with 60 plots at the 2010 event.

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