Tractor registrations for the month of October again fell on the on the year, although the number was slightly above the five-year average for the month.

While the monthly figure of 818 machines was 19% lower than in the same month last year, the total for the year to date reached 9042 – 16% fewer than in January to October 2023 and the lowest by this point in the year for four years. The figure is also 12% below the average for the opening 10 months of the year.

Increased costs, reduced margins and political uncertainty hits tractor marketIncreased costs, reduced margins and political uncertainty hits tractor market According to the Agricultural Engineers Association, the agricultural tractor market is being affected by the low level of confidence among farmers, due to a combination of lower prices, high input costs, poor weather and political uncertainty – a trend which looks likely to continue.

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