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AEM Releases July Ag Equipment Sales Numbers

Dan Economy, Industry News Release

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(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.

Source: National Association of Farm Broadcasters