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Farms & Farm Machinery #385

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MARKET NEWS<br />

Left: Sales of tractors under 40hp, like this<br />

Mahindra Jivo, were up 29 per cent in March<br />

marching on<br />

Sales of agricultural equipment rose in March, in what<br />

the industry hopes will be the start of a positive season<br />

Gary Northover is executive<br />

director of the Tractor & <strong>Machinery</strong><br />

Association of Australia (TMA).<br />

He can be contacted on<br />

(03) 9813 8011 or<br />

at gary@tma.asn.au<br />

Thanks partly to the government’s $150,000 instant asset<br />

write-off threshold, while large tractor and harvester sales<br />

have a long way to go before returning to recent highs, the rest<br />

of the market is bouncing back.<br />

Sales in March were up 5 per cent in unit numbers but down<br />

10.8 per cent in dollar terms on the same month last year; with<br />

sales 3.2 per cent behind for the year to date after a rocky start.<br />

The difference between unit sales and turnover is due to the<br />

marked fall in the 200hp (150kW) and above range – down 21<br />

per cent for the month and 15 per cent behind YTD.<br />

Unit sales were strongest in the under 40hp (30kW) range, up<br />

29 per cent for the month after the accelerated depreciation<br />

incentives. These now sit 3.3 per cent behind for the year to date.<br />

The 40 to 100hp (30–75kW) range was in line with last March,<br />

now down 9 per cent for the year and the 100 to 200hp<br />

(75–150kW) category had another strong month up another 16<br />

per cent, and up 10 per cent for the YTD.<br />

Victoria has a bumper year, up 32 per cent on March 2019 and<br />

15 per cent ahead for 2020, while South Australia recorded its<br />

first rise for some time – up 27 per cent in Ma ch and 3 per cent<br />

ahead of its 2020 levels.<br />

NSW sales were up 13 per cent for the month, 6 per cent down<br />

year to date and Queensland down another 9 per cent and now<br />

15 per cent behind last year.<br />

Western Australia’s story was somewhat grim: down 30 per<br />

cent for March, 17 per cent down YTD. Tasmania’s strong run<br />

has slowed, 19 per cent down for March and now 4 per cent<br />

ahead for 2020.<br />

Conditions for combine harvester sales are challenging, with no<br />

great prospects despite improving conditions and only a small<br />

number of completed sales in March.<br />

March baler sales were 51 per cent higher than last year; but<br />

there was no improvement in out front mowers sales, now 18<br />

per cent behind YTD.<br />

Regrettably the annual TMA Conference, slated for July, has<br />

been cancelled; to be held instead in 2021. In the meantime...<br />

stay safe!<br />

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Pictures for illustration purposes only. Pricing excludes dealer delivery charges. Finance available to approved purchasers only.<br />

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