U.S. tractor and combine monthly unit sales in May 2022 fell below the five-year average for the first time since March 2020.
The monthly data, released last week by the Association of Equipment Manufacturers (AEM), shows U.S. total farm tractor sales fell 14.5 percent for the month of May compared to 2021, and U.S. combine sales for the month declined 12.7 percent to 315 units sold. Total farm tractor sales and combine sales are both down 14.2 percent year-to-date.
AEM’s Curt Blades says, “Supply chain remains the primary issue in the ag equipment market right now.”
Blades points out another thing to keep in mind, especially when comparing numbers year-over-year, is 2021 sales were significantly above historic trends.
(From the National Association of Farm Broadcasters)