Summary of South Wales Tractor Costs Survey
Conducted by PMR, The Machinery Ring, during 2005
Costs include depreciation, insurance, labour at £6.00/hour, fuel at £4.00/hour, and spares & repairs
Respondents quoted statistics for the most recent tractor that they had purchased
Summary of second hand tractors surveyed          
   
Average Cost of tractor Average actual cost per tractor  
No. of tractors 168 Total actul running costs £1,800,464.54  
Total purchase cost £1,608,440 No. of tractors 168  
Av. cost / tractor £9,574 Average RC cost / year £10,717.05  
   
   
Average hours / tractor Saving on RC/hour with the 25% increase in hours
Total hours 106411 Actual average RC/hr £16.92  
No. of tractors 168 RC/hr if 25% more £16.14  
Av. hours / tractor 633 Av. saving/hr if all tractors did +25% hrs £0.78  
     
Total potential savings on above tractors £104,258.25 on 169 second hand tractors   
                 
Summary of new tractors surveyed            
   
Average Cost of tractor Average actual cost per hour for all tractors
No. of tractors 159 Total actul running costs £2,635,769.24  
Total purchase cost £3,961,550 No. of tractors 154  
Av. cost / tractor £24,915 Average RC / year £17,115.38  
   
Average hours / tractor  
Total hours 154108  
No. of tractors 154  
Av. hours / tractor 1001  
   
Cost / hp Saving on RC/hour with the 25% increase in hours
total hp of tractors 17027 Actual average RC/hr £17.10  
total cost of tractors 3961550 RC/hr if 25% more £16.17  
Average cost / hp £232.66 Av. saving/hr if all tractors did +25% hrs £0.93  
   
Total potential savings on above tractors £180,108.86 saving on 154 tractors   
                 
The potential savings:- £180,108.86 savings on  154  new tractors
£104,258.25 savings on 169 2nd hand tractors
£284,367.11   323    average per tractor £880.39
22,780 agricultural tractors registered  in S Wales
The total potential savings in S.Wales if 25% more hours per tractor £20,055,365
If replicated throughout Wales, the potential savings to Welsh Agriculture could be as much as double this amount £40,110,729
If other machinery and implements are added in, the savings could be twice this again,and could be as much as £80 million
Machinery Rings are the only organisation that can facilitate this sort of 
annual saving to the industry by providing the logistics and administration
for farmers to enable more efficient use of their machinery & equipment