growth

Growth in Tractor Sales Continues to Outpace 2020

Dan Economy

Overall sales of tractors continue their growth above an already-hot pace set in 2020, according to the Association of Equipment Manufacturers. U.S. total farm tractor sales climbed 2.5 percent in September compared to 2020. The sub-40 horsepower category stayed moderately positive, growing 0.4 percent, while the mid-size 41-100 horsepower segment was up 2.4 percent. Heavy-duty units saw another big month, …

tractor sales

U.S. Tractor and Combine Sales Increased in August

Dan Economy

U.S. tractor sales increased last month compared to 2020 while combine sales jumped 19.8 percent, according to the Association of Equipment Manufacturers monthly sales report. Combine sales posted the second month in a row of growth near 20 percent in the United States, and total farm tractor sales climbed 9.9 percent. Sub 40 horsepower tractor sales were up 8.7 percent, …

tractor sales

Farmer Optimism, the Supply Chain, and How They Affect Tractor Sales

Dan Economy

In the second quarter of 2021, money that had been diverted by COVID-19 from travel and other activities into the small tractor market began to return to normal use. But, sustained gains in commodity prices have resulted in farmers continuing their buying sprees for larger tractors and harvesters, as shown in AEM’s monthly Ag Tractor and Combine reports. The under-40 …

tractor sales

U.S. Ag Tractor Sales Hold Steady in July

Dan Economy

Gains in larger and four-wheel-drive tractors offset smaller declines in the sub-40 horsepower range in the U.S. in July. The Association of Equipment Manufacturers says U.S. total farm tractor sales fell 0.8 percent in July compared to 2020, while U.S. combine sales jumped 19.2 percent. The articulated four-wheel drive segment led the way for the third straight month by climbing …

AEM: 100,000 Equipment Manufacturing Jobs Possible Through Infrastructure Efforts

Dan Labor and Immigration

More than 100,000 family-sustaining equipment manufacturing jobs can be created before the end of President Biden’s first term in office, according to the Association of Equipment Manufacturers. AEM says these are high-skilled jobs in primarily rural areas that pay an average annual income of $88,000, which is 35 percent above the current national average. The data comes from a study …

farm tractor sales

AEM Releases June 2021 Equipment and Farm Tractor Sales Numbers

Dan Economy

Smaller tractors led declines in U.S. farm tractor sales in June, while overall tractor inventories were down more than 40 percent year-over-year. Monthly data released by the Association of Equipment Manufacturers (AEM) finds U.S. total farm tractor sales fell 12.7 percent in June compared to 2020, the second overall negative result in a year. Small tractor sales led the decline, …

total

U.S. Total Farm Tractor Sales Drop in May

Dan Economy

Sales in the under-40 horsepower tractor category pulled total U.S. farm tractor sales negative, while all other segments continued with strong growth. The latest data from the Association of Equipment Manufacturers shows that U.S. total farm tractor sales fell 3.9 percent in May compared to 2020, making it the first overall negative sales result in a year. Only the sub-40 …

total

Equipment Manufacturers Report Positive Outlook for 2021

Dan Economy, General

(NAFB) — Equipment Manufacturers report a positive outlook for 2021, according to a new survey by the Association of Equipment Manufacturers. The survey found 88 percent of manufacturers report a positive outlook for 2021, while more than half expect sales to increase or remain stable despite the ongoing impact of the global pandemic. The online survey was targeted to employees …

farm tractor

Farm Tractor Sales Stay Positive in the U.S. and Canada

Dan Economy, Industry News Release

Overall farm tractor unit sales continued to grow across North America in October despite a small pause in the larger unit sales in Canada. The latest data from the Association of Equipment Manufacturers says that total farm tractor sales in the U.S. rose 18 percent in October compared to 2019, while self-propelled combine sales in the U.S. grew almost 15 …