The relatively buoyant tractor market in South Africa of the past 2 years has gone into reverse as weather-related and political issues weigh on farmer confidence and investment sentiment.
In 2017, manufacturers, distributors and dealers enjoyed a 10% boost in the market as sales grew to 6,460 units from the 5,850 units sold in 2016, and a welcome if more modest 3.9% increase last year to just over 6,700 units.
But signs that market growth…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
