According to the latest data from the Association of Equipment Manufacturers (AEM), U.S. ag tractor monthly unit sales fell in July, but combine sales grew.
U.S. total farm tractor sales fell 21 percent in July compared to 2021, while combine sales for the month grew 9.2 percent. That’s the second straight month of gains in combines so far this year.
Heavy-duty ag tractors were positive, but total farm tractor sales were down 14.8 percent year-to-date. Combine sales are down only 2.2 percent for the year thus far.
“Right now, the trends we’re seeing in farm equipment unit sales tracks with trends we’re seeing in the overall economy,” said Curt Blades, senior vice president, industry sectors and product leadership at the AEM. “The segments that are still positive, harvesters and row-crop tractors, are high-dollar units. Farmers don’t invest in this kind of equipment unless they feel certain enough future markets will allow them to pay for them.”