Farmers want to invest more in machinery
Farmers’ investment intentions on tractors, combine harvesters, mulch and direct sowing technology is increasing.
This is according to data from the DLG – Agrifuture Insights survey, a publication from the German Agriculture Society (DLG).
The data is collected from a global panel of 2,000 leading farmers to examine the business environment for agriculture and agribusiness in 13 countries; Brazil, China, Germany, France, Great Britain, Iran, Netherlands, Poland, Russia, Zambia, South Africa, Thailand and USA. It focuses on investment areas in agricultural engineering solutions, and reveals that the focus of investments is on tractors, with between a quarter and a half of farmers in 5 of the countries surveyed planning to invest in these machines.
Some key points from the report:
- Tractors are the most important investment area for farmers.
- Record high grain harvest in Russia drives the demand on combine harvesters. Russia´s grain producers modernise harvest equipment to increase harvesting clout and to strengthen profitability in grain production.
- 25% of the farmers in Poland asked, want to buy mulch and direct drilling equipment to lower grain production costs by lowering efforts on work execution.
- 20% of farmers in the Netherlands asked, want to modernise grassland and feed forage harvesting equipment. With increased harvesting clout farmers tend to reduce feed costs.
[Source: DLG]
