Farm machinery sector worth €4.8bn to Irish economy, report finds

The report, which was commissioned by the Farm Tractor & Machinery Trade Association (FTMTA) in partnership with ifac, also revealed that the machinery trade is a major rural employer, sustaining 25,000 jobs across the country

(Left to right) Karol Kissane, head of Public Sector Services and Economics at ifac; Maurice Kelly, president of FTMTA; and Michael Farrelly, chief executive of FTMTA. Picture: Gareth Chaney

The farm machinery sector is worth €4.8bn to Ireland's economy, a new report has revealed as the industry calls for an overhaul of Enterprise Ireland and local supports, and CSO recognition.

The report, which was commissioned by the Farm Tractor & Machinery Trade Association (FTMTA) in partnership with ifac, is the first-ever in-depth economic review of the value of the farm machinery industry in Ireland. It reveals that the sector is worth almost €4.8bn annually to the Irish economy, a figure comparable to the €6.2bn brought in by international tourism in 2024.