AEM: Ag Sales Remain Positive

U.S. sales of ag tractors and combines remained in the plus column for February, according to the latest sales data from the Milwaukee-based Association of Equipment Manufacturers (AEM).  

Total U.S. February 2-wheel-drive tractor sales grew 17.3 percent compared to February 2018, led by under-40-HP machines with a 24.6-percent gain and a 7.1-percent gain for 40 to 100-HP 2-wheel-drive tractors,, while 100-plus-HP 2-wheel-drive-tractors recorded a drop of 2.2 percent. 

February U.S. sales of 4-wheel-drive tractors gained 29.5 percent compared to last year and U.S. self-propelled combine sales for February grew 21.5 percent.

 Canada did not fare as well, with February gains only for self-propelled combines (up 25 percent) and for under-40-HP 2-wheel-drive tractors (up 23 percent). 

“We’re encouraged to hear USDA estimates that net farm income is expected to increase slightly in 2019 after last year’s declines; hopefully that signifies some optimism in the U.S. as the year moves forward. And we remain concerned about some of the Canadian numbers in February’s report,” said Curt Blades, AEM senior vice president, AG services.

“We hope that the new U.S. farm bill will provide more certainty for farmers as they plan ahead. However, we are still facing a lack of real, sustained progress on trade agreements and ending retaliatory tariffs.”

The full reports can be found in the Market Data section of the AEM website under Ag Tractor and Combine Reports: https://www.aem.org/market-data/.

AEM is the North American-based international trade group representing off-road equipment manufacturers and suppliers, with more than 1000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide.

 Learn more about AEM at www.aem.org.         

Related Articles

Management Changes at Manitowoc and Morbark
Scania Enters North American Pleasure Craft Market With 900, 1150 hp Diesel Engines
Off-Highway Research Plans Free Global Briefing
Timken’s Sales Fall 19.7% In Second Quarter
Terex Reports Second-Quarter Loss
Bauma China Update: Perkins Pulls Out Of Show
Volkswagen Decides Not To Sell MAN Energy Solutions
Production Ends at Mann+Hummel’s Germany HQ

Magazine Issue Archive

Diesel Progress – August 2020
Diesel Progress International July-August 2020
Diesel Progress – July 2020
Diesel Progress – June 2020
Diesel Progress International May-June 2020
Diesel Progress – May 2020
Diesel Progress – April 2020
Diesel Progress International March-April 2020
Diesel Progress – March 2020
Diesel Progress – February 2020

Login

Forgotten Password?

Haven’t got an account? Click here to register.