Drought is so bad, farmers have almost stopped buying tractors
Planting of crucial crops has been delayed, while farmers drastically cut spending on farm equipment
Short of cash and stricken by drought, SA farmers have slashed their spending on equipment. Sales of tractors fell 30% in October compared to the same month in 2018, and harvesters by 59%.
Greg Cadman, chairperson of the SA Agricultural Machinery Association (Saama), said the delay in spring rainfall and the ongoing drought have badly affected business.
“These farmers are now waiting for rain before committing to buy new equipment. October tractor sales of 575 units were significantly down on the 817 units sold in October last year,” Cadman said...