Genfitt's Knowledge Report 2023: Performance Trends In The Irish Agricultural Sector

Welcome to the 8th edition of Genfitt’s Knowledge Report.

2023 was a momentous year for Genfitt celebrating our 50th birthday. As well as this, the ownership changed. Genfitt is now part of the largest wholesale distributor of agricultural hardware and spare parts in Europe: Kramp. Kramp has the resources, knowledge, and expertise to ensure Genfitt will celebrate its centenary.

This year, we developed the methodology for this 8th edition of the Knowledge Report. Working with Agriland, we conducted what we believe to be the largest independent survey of farmers’ perspectives on the state of the Irish Agricultural sector in 2023 – 3,700 farmers participated. Combining this with the usual desk research, surveying of resellers and manufacturers, in-person interviews and the Expert Group Roundtable, we believe the conclusions and outlook assessment in the report are even more grounded.

In summary, we have concluded that, after an exceptional couple of years, 2023 has been a return to something approaching normal. Despite the challenges, short and medium-term, we continue to be optimistic for the long-term future of farming in Ireland. Our industry has shown an incredible capacity to adapt, something which does not get the credit it deserves.

Ronan Egan
Managing Director of Genfitt

Earlier this year, Kramp re-entered the Irish market after an absence of 15 years through the acquisition of Genfitt. We are excited by the opportunity that the Irish Agricultural market – an industry that has always punched above its weight – presents to Kramp. In other European markets, we have invested to become the essential partner in parts and service to their Agricultural industries, and, in the coming years, we look forward to bringing the same value to the industry in Ireland, earning the right to be an essential partner.

We see the Genfitt Knowledge Report as a service to the Irish Agricultural industry, published annually at a time when our customers and their customers are planning for the coming year. I am therefore proud for Kramp to be associated with this valuable piece of research.

Eddie Perdok
Kramp Group CEO

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