Better operating conditions and relatively lower interest rates are essentially the supporting factors for machinery sales
This reflects a moderation of sales after excellent sales figures in 2022. But higher interest rates and a poor 2023-24 summer crop add pressure to farmers’ finances
After a few years of robust tractor and combine harvest sales, this is more of a normalisation than an indication of trouble in the agriculture sector
The figures demonstrate a counter position to the generally optimistic outlook of the sector