TRACTOR REGISTRATIONS REMAIN "BELOW PAR"

According to figures released by the AEA, registrations of agricultural tractors remained below par in July, with 880 machines recorded during the month, 7% fewer than in the same month last year and around 20% below the average for the time of year. 

The Association pointed out though that the declines were somewhat smaller than those recorded in the first half of the year, with the total of 5,749 registrations for the year to date being 16% lower than in the opening seven months of 2024.

Agricultural economist at the AEA, Stephen Howarth, said, "Farmers appear to be lacking the confidence to invest, due to uncertainty about agricultural policy and national and global economic conditions. Coupled with the difficult financial situation for arable farmers, this is preventing any recovery in the tractor market, despite the strength of milk and livestock prices."