Agricultural machinery patents have fallen by 41% in one year

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In January 2024 only 331 were registered combine harvesters, tractors and sprayers in the country. According to the Agricultural Machinery Division of the Association of Automobile Dealers of the Argentine Republic (Acara), the number represents a Decline of 40.9% year-on-yearas in January 2023, 560 units had been patented.

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If compared to last December, when 458 units were patented, the drop reaches 27.7%.

With the end of the extreme drought and the arrival of El Niño accompanied by abundant rains last spring, hopes have grown of obtaining good harvests in the 2023/2024 campaign and, consequently, greater sales of agricultural machinery. However, the expectation was far from reality. “January 2024 leaves some very small numbersbeing lowest month for owned machinery since 2020“, underline from Acara.

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An Acara report indicates that in January 2024, 22 combine harvesters8.3 percent less than on December 24 and to 64.5% less than in January 2023when 62 were patented.

Evolution of agricultural machinery patenting.  Source: Acara.Evolution of agricultural machinery patenting. Source: Acara.

Furthermore, in the first month of 2024, 289 tractorsthis means a decline of 29.3% compared to the 409 units in December and 35.3% on an annual basistaking into account that as of January 2023, 447 units had been totaled.

On the other hand, there was a patent of 20 sprayers in January, which represents a 20 percent decline from 25 units last December, and 60.8% compared to January 2023 when 51 units were registered.

“He the start of the year was very weak in line with the third quarter of 2023, but with decreasing numbers, the optimism in the sector for post-harvest is high and it is expected that, with good production and order in the economic variables, the year will have a recovery in the gross level, perhaps waiting for Expoagro in March, as a turning point to see green numbers again,” Acara said.

Source: Clarin

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