Outstanding start for Agricultural equipment deliveries in 2022
2022 agricultural equipment deliveries have kicked off to fantastic start. This, coupled with many machines that are already on order as customers begin to gear up for spring / summer 2022, is driving the current performance. TAMA president Kyle Baxter said, “he was seeing and hearing first-hand how strengthened commodity prices are giving farmers and rural contractors the confidence to invest in new equipment”. The flow of equipment into New Zealand has increased dramatically, and this has offered much welcomed relief for customers who are requiring a new piece of equipment, which is then being put to work straight away when it arrives. Overall tractor sales are up more than 25 percent for the year to date compared to 2021 (which was already an increase on 2020 by around 19%) and this trend looks set to continue with confidence in the agri-sector remaining strong”, according to the Tractor and Machinery Association. There have been consistent increases across every horsepower sector, with some standout results in certain sectors such as a 20% increase in the sub 40HP sector, coupled with over a 30% increase in the 100-150HP plus sector which is predominantly used in the dairy segment. Regional performance which has a strong diary influence such as Northland, Waikato, Taranaki, and Southland, have also experienced significant growth. Lastly, in 40Hp – 100HP sector significant growth of 27% has been achieved, with this category predominately focused on horticulture and some dairy segments in regions such as Bay of Plenty, Hawkes Bay and Nelson. Again, strong commodity prices are driving and providing buyer confidence. The 2022 year recorded a superb start, and that, coupled with increasing imports of Ag equipment, is a trend that will likely remain strong all the way through to summer 2022. Many of our members are also turning their eyes to beyond 2022, as they look […]