NZ tractor sales rise to four decade high in 2014 on buoyant rural economy

Wed, 14 Jan 2015

By Tina Morrison Jan. 15 (BusinessDesk) - New Zealand tractor sales rose to their highest in almost four decades last year, reflecting a buoyant rural economy as farmers benefited from strong prices and good growing conditions. New tractor registrations surged to 3,038 in calendar 2014, up 4.7 percent on 2013 and at the highest level since 3,129 in 1976, according to New Zealand Transport Agency data. Spending on farm buildings also rose, with the value of consents up 24 percent in the year though November to a six-year high of $322 milli...

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