SAAMA Press Release – October 2017
October 2017: Tractor and Combine Harvester Sales
Retail sales of agricultural equipment during October 2017 were as follows:
|Equipment Category||Percentage change, %||Percentage change, %|
|October – Month||October – Year-to-date|
|Tractors||704||567||24.2||5 379||5 053||6.5|
October tractor sales of 704 units were significantly (24%) up on the 567 units sold in October last year. On a year-to-date basis tractor sales are now almost 7% up on what they were this time last year. October combine harvester sales of 20 units were two units more than the 18 units sold in October last year. Combine harvester sales for the year-to-date are now 8% up on last year.
Despite the excellent summer crops, the low crop prices have meant that farmers have not realised the overall income which they might have expected, given the size of the crops. This has meant that, despite the overall market being positive, a lot of caution in equipment purchases is being shown by farmers. These sales will also be affected by the way the summer rainfall season develops. Up to now, rainfall has been quite patchy across these regions. With the current competition in the market, it is a buyers’ market and expectations now are that 2017 sales will exceed those of 2016 by a small margin.
Chairman: South African Agricultural Machinery Association
Contact: Mr. Lucas Groenewald (082) 804-8463 or Dr. Jim Rankin (011) 453-7249