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British farmers spend & 1.9 billion on farm equipment

Date: 18/02/2014 11:00:26
Category: Agricultural machinery tracking
Author: David Howells

British farmers spent some £1.9 billion on agricultural machinery in 2013, farmersguardian.com reports.

New figures published by the Agricultural Engineers Association (AEA) also show that tractors and combines were among the most popular tools; contributing to a market worth nearly £2 billion.

One of the best ways to measure buying activity is to track the number of registrations for tractors of more than 50hp. In 2013, a total of 12,498 units were registered and the average power of British farmers' tractors increased - reaching 150.4hp.

Despite this 10.4 per cent drop, analysts expected the result, as artificial conditions buoyed the market in 2013 because of the atypical Annual Investment Allowance situation.

Combine sales also dropped when looking at the seasonal year (September 2012 to August 2013), but still posted sales of 770 units. Since September 2013, sales have picked up once again and forecasters expect the 2014 calendar year to show little annual change.

Commenting on the results, AEA economist Chris Evans told farmtractornews.com: "After a challenging winter and spring period, the later part of the year improved and demand for machinery followed suit. "This is illustrated in tractor registrations, where the market was down 20 per cent in the first six months, whereas the second half saw a three per cent improvement on a year earlier.

"The short-term conditions for farming remain a concern, but should climatic conditions revert to a more normal pattern, we expect a small improvement in farm incomes and a modest rise in demand for machinery."

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