The sustained good performance in the domestic currency over the past few months, coupled with a large domestic grain and oilseed harvest boosted tractor sales in August 2017 - Wandile Sihlobo, Agbiz Economist
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The sustained good performance in the domestic currency over the past few months, coupled with a large domestic grain and oilseed harvest boosted tractor sales in August 2017. Although grain and oilseed prices remain depressed, the higher yields per hectare have, to some extent, improved farmers’ incomes. The tractor sales were recorded at 583 units – up by 16% from July 2017 and 27% higher than the corresponding period last year. More importantly, this ahead of the new production season which commences next month, thus signalling farmers’ readiness for the upcoming season.
Soil preparations for the 2017/18 summer grain and oilseed production season typically starts in October in the eastern parts of the country. Meanwhile, the western areas only begin in November. Apart from the sales, the upcoming season could be normal with average rainfall, which bodes well for summer crops.
 The 2017 total summer grains production are estimated at 18.91 million tonnes, double the previous season’s volume.
 Please see the link for more details on weather outlook: http://www.bom.gov.au/climate/enso/outlook/
 In 2016, South Africa’s total farm debt was at R144.9 billion, which is a record level in a database starting from 1980.
Wandile Sihlobo, Agbiz Economist (email@example.com)
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