Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Tractor sales up across all sectors

Sales of tractors are up more than 25% on this time last year and all sectors are showing buoyancy, says new NZ Tractor and Machinery Association (TAMA) president, John Tulloch.

TAMA year-to-date figures to the end of June showed a total of 1,876 sales across all HP categories compared to 1,448 in 2017: a total increase of 26.1%.

Mr Tulloch, who was elected at the Mystery Creek Fieldays in May, said sales were back at near 2014 levels, but instead of favouring agriculture as back then, there was also increased spending within the lifestyle, viticulture and horticulture markets.

“It’s rare to see every sector relatively buoyant at the same time. All the stars seem to be lining up so, bar a big shock, the outlook is definitely positive across the board.”

He said, however, agricultural customers were being cautiously optimistic rather than going on big spending spree. There were concerns about the regulatory framework on water use and emissions, and the impacts of mycoplasma bovis.

“But the main reason for cautious spending in this sector is a healthy scepticism learned the hard way around forecast payouts as they don’t always eventuate. Our sheep, beef and dairy export markets have all improved and while numbers of people attending Fieldays were up, most of our members reported that actual sales prospects were down. Farmers and contractors don’t want to over commit themselves financially and see a repeat of the 2015 downturn.”

Despite some caution, overall sales were looking very healthy and if the trajectory continued, tractor and machinery sales could possibly hit a new record high by the end of the year.

“We might be heading towards a record year but, like our customers, are being cautiously optimistic. As everyone well knows, we have no control over our climate and what it throws at us. But we’re hoping to see these numbers continue.”

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Brands Sale To RJ's: Nestle Job Losses “A Bolt From The Blue”

E tū has about 200 members at the plant, where up to 55 workers could lose their jobs... Well-known Kiwi brands affected by the sale include Mackintosh’s, Heards, Black Knight liquorice, Life Savers and Oddfellows. More>>

ALSO:

'Sanctuaries': New Seabed Mining Project Threatens Endangered Species

Greenpeace is shocked to discover that a new seabed mining exploration permit has been awarded inside a Marine Mammal Sanctuary, and is calling on the Government to reject all attempts to mine the seabed. More>>

ALSO:

RMA, Building Offences: Record Sentence For Property Developer

The unprecedented sentence handed down to a property developer in the Auckland District Court is a strong warning to others who would consider this type of offending. More>>

Other Real Estate Crimes:

Tourism: Guest Nights Up 1.6 Percent In May

Over 2.5 million nights were spent in commercial accommodation in May 2018, Stats NZ said today. This number is up 1.6 percent from May 2017. More>>

ALSO: