Combine sales posted modest gains in June, while tractor sales continued to decline, according to the latest numbers from the Association of Equipment Manufacturers. U.S. combine sales increased 3.9 percent from a year ago, while Canadian combine sales jumped 14.2 percent. Meanwhile, U.S. agricultural tractor sales fell 18.4 percent, and Canadian tractor sales dropped 12.5 percent.
AEM Senior Vice President Curt Blades says, “Although tractor sales remain below last year’s levels, the increase in combine sales is a welcome development and demonstrates that farmers continue to invest where it makes the most sense for their operations.”
The biggest drop in U.S. tractor sales took place in the four-wheel-drive farm tractor category, which dropped by over 30 percent from last year. Blades says the farm equipment market continues to face significant economic headwinds and adds that greater certainty surrounding market conditions and long-term farm policy will be important to restoring confidence across rural America.
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