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


Tractor industry reports buoyant sales

Tractor industry reports buoyant sales

Waikato led the way in purchases of tractors in New Zealand during 2014, in a year when tractor sales approached record highs.

A total of 4061 tractors were purchased between January and December, including 3,419 of at least 40 horsepower (HP), the most common measure for farm tractors. The figure is significantly more than the 3065 40HP tractors bought in 2013.

Ian Massicks, president of the Tractor and Machinery Association (TAMA) which gathers the sales data, said a combination of the record dairy payouts last year and good growing conditions were key to farmers investing in new equipment.

“The July to September sales figures were the highest in a decade,” said Mr Massicks. “They then continued steadily for the remainder of the year although stopping short of the 2005 record when 3,515 tractors of at least 40HP were purchased.

“2014 was a very healthy year for tractor sales and we expect 2015 to be a good year too although there might be some reduction due to forecast lower dairy payouts.”

614 of the 684 tractors purchased in the Waikato were over 40HP, followed by Southland with 418 tractors over 40HP from a total of 430. Otago had the next highest number of tractor purchases with 249 40HP-plus from 291 sales.

Auckland saw the highest number of tractors of below 40HP, with 136 out of a total of 292 sales.

A total of 210 tractors were purchased countrywide in January 2015, with 161 at least 40HP. Waikato again led the way with 25 purchases. 23 of them at least 40 HP, followed by Southland with 20, 19 of them 40HP or over.

Mr Massicks said the healthy tractor market demonstrated continued commitment by farmers to buy from New Zealand machinery dealers rather than taking the risk of purchasing online from an overseas supplier.
“Farmers recognise the huge value of a relationship with your New Zealand machinery supplier and the advantages of having a comprehensive maintenance contract,” he said.

“Many farmers have 24/7 arrangements with their local dealer – because they know the value of someone who can give that extra mile of service on a Sunday afternoon when you need the baler fixed and going before it starts raining.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


Smelter: Tiwai Deal Gives Time For Managed Transition

Today’s deal between Meridian and Rio Tinto for the Tiwai smelter to remain open another four years provides time for a managed transition for Southland. “The deal provides welcome certainty to the Southland community by protecting jobs and incomes as the region plans for the future. The Government is committed to working on a managed transition with the local community,” Grant Robertson said. More>>


Economy: Strong Job Ad Performance In Quarter Four

SEEK Quarterly Employment Report data shows a positive q/q performance with a 19% national growth in jobs advertised during Q4 2020, which includes October, November and December. Comparing quarter 4, 2020, with the same quarter in 2019 shows that job ad volumes are 7% lower...More>>

NIWA: 2020 - NZ’s 7th-warmest Year On Record

The nationwide average temperature for 2020, calculated using stations in NIWA’s seven-station temperature series which began in 1909, was 13.24°C (0.63°C above the 1981–2010 annual average). New Zealand’s hottest year on record remains 2016, when... More>>

Quotable Value New Zealand: Property Market Set To Cool From Sizzling To Warm In 2021

Nostradamus himself could not have predicted the strange series of events that befell our world in 2020 – nor the wild trajectory of New Zealand’s property market, which has gone from “doom and gloom” to “boom and Zoom” in record time. Even ... More>>

PriceSpy: Research Reveals How Shopping Behaviours Have Changed This Christmas

According to a new survey* from PriceSpy , almost 50 per cent of Kiwis are looking to shop locally this Christmas in light of Covid-19; The research also found consumers are changing their shopping habits, with one in seven (14 per cent) getting super-organised ... More>>

Commerce Commission: Noel Leeming Group Warned For Making Delivery Representations Without Reasonable Grounds During COVID-19 Lockdown

Noel Leeming Group has been warned by the Commerce Commission for making delivery representations about two products which, in the Commission’s view, it did not have reasonable grounds for at the time the representations were made. The warning ... More>>