January Ag Equipment Sales Mixed

Clint Thompson General

Total farm tractor sales grew in January compared to January, 2019.

The first month of 2020 saw mixed results in the total number of U.S. tractor and self-propelled combine sales. Total farm tractor sales grew compared to January of last year, while combines fell by 25%. That’s according to data out this week from the Association of Equipment Manufacturers. Total U.S. farm tractor sales increased 4.7% in January compared to last year, while January self-propelled combine sales dropped 24.4%. Total sales of two-wheel-drive tractors grew in all segments during January by a total of 4.9% more than January of 2019. Sales of tractors with more than 100 horsepower led the way in sales growth, up 19.6% to 1,361 units. The total number of four-wheel-drive tractor sales fell 6.6% to 169 units sold.

“The sales numbers we’re seeing for January are in line with our expectations,” says Curt Blades, Senior Vice President of Ag Services at AEM. “With the approval of the USMCA and the Phase One trade agreement with China, we believe we’re seeing some positive trends on the horizon for Ag equipment sales.”

(From the National Association of Farm Broadcasters)