(NAFB) — July 2019 saw decreases in U.S. sales of combines and four-wheel-drive tractors as well as total U.S. two-wheel-drive tractor sales compared to July of last year.
Monthly data from the Association of Equipment Manufacturers (AEM) shows U.S. four-wheel-drive tractor sales decreased 4.7 percent in July, compared to last year. U.S. July combine sales decreased 25.9 percent. And, total U.S. sales of two-wheel drive tractors in July decreased .1 percent compared to July last year. For Canada, January four-wheel drive tractor sales were negative, down 32 percent, and combine sales decreased 43.8 percent. July two-wheel-drive tractor Canadian sales were down in all size categories.
A weak farm economy and trade tensions are part of the reason farmers are holding off on purchasing equipment. AEM’s Curt Blades says the association is “encouraging a swift passage of USMCA and continued focus on renewable fuels to help provide some stability for farmers in the months ahead.” Blades adds AEM is “committed to advocating for pro-growth trade policies and the end to retaliatory tariffs.”
The full reports can be found in the Market Data section of the AEM website under Ag Tractor and Combine Reports.
- U.S.: https://www.aem.org/market-data/statistics/us-ag-tractor-and-combine-reports/
- Canada: https://www.aem.org/market-data/statistics/canadian-ag-tractor-combine-reports/
Source: National Association of Farm Broadcasters