Farming machinery booms under high income conditions
There has been a 50% increase in financing for agri machinery as farmers fast track expansion plans according to the Commonwealth Bank.
Farm machinery sales continue to increase in US and Canada
Putting more pressure on the availability of product for our local market, sales of tractors and self-propelled combines in August 2020 increased for the fifth month in a row in the US, and stayed above the previous year for the third consecutive month in Canada.