Tillage men splash €12m in combine sales surge
Tillage farmers are on track to spend more than €12m on combines this year, according to the latest figures from the Farm Tractor and Machinery Trade Association (FTMTA).
Displaying a remarkable confidence in the sector, tillage farmers are expected to buy more than 60 combines by the end of this year.
This comes on top of an extremely strong year for combine sales in 2011, when 40 units were sold.
FTMTA chief executive Gary Ryan said the combines being bought ranged in value from €130,000 to €300,000, with most sold in the range of €200,000-€230,000.
The majority are being sold to farmers and not contractors, as access to credit is easier for farmers.
"Last year's sales of more than 40 combines was the highest sales for over 10 years," he remarked. "But it looks like 2012 is going to blow that out of the water."
Mr Ryan added that tillage farmers were also buying new tractors, with most choosing machines in excess of 125hp and paying from €80,000-€100,000 for each machine.
"Last year, the dairy man was driving tractor sales, buying machines of 100-125hp but this year, looking at the size and location of the tractors being registered, it has to be the tillage people driving it," he said.