Tractor and Combine Sales Drop in November

AEM Reports Sharp Decline in U.S. Tractor and Combine Sales

The Association of Equipment Manufacturers (AEM) is reporting a significant slowdown in agricultural equipment sales across the United States, highlighting the continued financial pressure facing farmers. According to newly released data, total sales of agricultural tractors in the U.S. dropped nearly 20 percent, while combine sales declined 35 percent compared to November 2024.

The downturn reflects broader challenges in the agricultural economy, including lower commodity prices, tighter margins, and increased borrowing costs. These factors have led many producers to delay major capital investments, particularly higher-cost items such as combines.

While the U.S. market experienced notable declines, sales trends in Canada were mixed. Canadian combine sales increased 25 percent in November compared to the same time last year, suggesting stronger demand or replacement activity north of the border. However, sales of agricultural tractors in Canada dropped seven percent over the same period, indicating that economic caution remains present across both markets.

AEM Senior Vice President Curt Blades addressed the latest figures, saying, “This month’s numbers reflect the continued economic pressure farmers have been navigating for several months. While we’re seeing a short-term slowdown in sales, equipment manufacturers remain focused on supporting farmers with the tools and technologies that deliver efficiency and long-term value.”

Blades emphasized that despite softer near-term sales, manufacturers are continuing to invest in innovations that help farmers reduce costs, improve productivity, and operate more efficiently. Precision agriculture, automation, and data-driven technologies remain central to that strategy as producers look for ways to maximize returns with fewer inputs.

He also noted that AEM is closely monitoring how broader economic conditions may shape demand moving forward. As the agricultural economy transitions toward 2026, factors such as interest rates, farm income, and export demand will play a critical role in determining equipment purchasing decisions.

Blades added that AEM remains optimistic about the long-term outlook for the industry, citing strong fundamentals and the essential role of modern equipment in food and fiber production. While current sales figures point to caution among farmers, they also underscore the resilience of the agricultural sector as it adjusts to cyclical market pressures.

Overall, the latest AEM report provides a clear snapshot of the challenges facing the farm equipment market, while reinforcing confidence in agriculture’s ability to rebound as economic conditions stabilize.