Tractor sales reflect buoyant rural sector

  • Sponsored
  • 18/02/2019

Sales of new tractors indicates that the rural sector is in good shape.

Figures from the New Zealand Tractor and Machinery Association (TAMA) showed sales in 2018 were up 17 percent on 2017.

General Manager for Norwood Commercial, Garry Watt, told Magic Talk's Rural Exchange that it's also been a good start to 2019.

"2018 was a very good year, with 4600 tractors sold nationwide, and that's the highest in the past 25 years or so," said Mr Watt.

He said that momentum has continued, and across most areas of the rural sector.

"All have been buoyant, horticulture, viticulture, cropping, sheep and beef," he said.

However he said dairy farmers are still cautious.

"That is totally understandable, although the global dairy auction is starting to look positive."

The favourable growing conditions at the end of 2018 have also been keeping the company busy.

"There's been massive volumes of silage and baleage made."

"For example, a common hay mower blade which we usually sell 3000 of in a year - we have sold 9000 so far this year."

Watch Garry Watt's full interview with Magic Talk's Rural Exchange team above.

Tools of the Trade is a regular sponsored segment on Rural Exchange.

Rural Exchange with Hamish McKay and Richard Loe, 6-8am Saturday and Sunday on Magic Talk.