Views: 1 Author: PEAK Publish Time: 2023-05-30 Origin: Nongjitong
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The domestic agricultural machinery industry belongs to a typical subsidy market, which means that the main force determining supply and demand is subsidy policies rather than market demand. For all categories and varieties supported by policies, the single machine subsidy amount and proportion of machines will be increased, and subsidy funds will be given priority to these agricultural machinery. Under the driving force of policies, these agricultural opportunities sell well, and even supply exceeds demand; On the contrary, if the subsidy policy does not support or even consciously suppresses agricultural machinery, the subsidy proportion and amount will decrease, and the subsidy funds cannot be guaranteed, which will affect the supply and demand of agricultural machinery.
At present, the domestic tractor industry has encountered the second situation. The "Guiding Opinions on National Agricultural Machinery Purchase Subsidies from 2021 to 2023" explicitly stipulates that starting from 2021, each province should lower the subsidy standards for the items or grades of wheeled tractors and other machinery that have significantly excessive inventory and relatively backward technology in the region, ensuring that the calculated proportion of subsidy for their subsidized machinery and tools is reduced to 15% or less by 2023.
After the main tone of the policy is set, the specific situation will depend on the implementation at the local level. Starting from 2021, in almost three years, overall, many provinces (autonomous regions) are implementing national policies, and the subsidy amount and proportion for single tractors are indeed decreasing. In the first year of implementation in the fourth year of 2023, against the backdrop of a significant increase in the selling price of fourth year tractors, Shandong Province, Heilongjiang Province, Jilin Province, and other provinces took the lead in lowering the subsidy quota for tractors. For some high-value large brand tractors, the subsidy proportion for tractors in many places has actually decreased to less than 15%, and the proportion of tractor subsidy quota in the selling price of tractors is relatively decreasing, Tractors and subsidy policy dividends are gradually fading away.
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The subsidy amount for tractors has been significantly reduced, putting great pressure on enterprises
Since December 2022, there have been numerous reports on the reduction and proportion adjustment of tractor subsidies, and many local subsidy policies have introduced specific rules for implementing the "Guiding Opinions on National Agricultural Machinery Purchase Subsidies for 2021-2023".
On February 17th, Heilongjiang Province released a notice on the "List of Subsidies for Agricultural Machinery Purchase Subsidies from 2021 to 2023 (First Batch Adjustment in 2023)", which showed that the subsidy for large and medium-sized tractors with 60 horsepower and above was fully reduced. The subsidy for the lowest 80 horsepower segment was reduced by 2900 yuan, and the subsidy for universal four-wheel drive tractors with 200 horsepower and above was reduced by 35500 yuan compared to 2022.
If compared to the maximum subsidy amount of 129000 yuan before 2020, the 200 horsepower section of tractors in Heilongjiang Province will be reduced by 93500 yuan. If combined with the upgrade price increase of 20000 yuan for 200 horsepower in the fourth national level, users will have to pay an additional 100000 to 130000 yuan to purchase ordinary four-wheel drive 200 horsepower tractors in 2023 compared to 2020. This has a significant impact on users' enthusiasm for purchasing machines, especially for domestically produced tractors with high cost-effectiveness. After the subsidy amount is significantly reduced, Cost performance advantage elimination
