AEM Releases July Ag Equipment Sales Numbers

Sales of combines and four-wheel-drive tractors as well as total U.S. two-wheel-drive tractor sales reported a year of year drop last month.  According to the Association of Equipment Manufacturers, U.S. four-wheel-drive tractor sales decreased 4.7 % in July, compared to 2018 figures.  U.S. July combine sales decreased 25.9%.  And, total U.S. sales of two-wheel drive tractors in July decreased .1% compared to July last year.

For Canada, January four-wheel drive tractor sales were negative, down 32%, and combine sales decreased 43.8%. July two-wheel-drive tractor Canadian sales were down in all size categories. A weak farm economy and trade tensions are part of the reason farmers are holding off on purchasing equipment.

AEM’s Curt Blades says the association is “encouraging a swift passage of USMCA and continued focus on renewable fuels to help provide some stability for farmers in the months ahead.” Blades adds AEM is “committed to advocating for pro-growth trade policies and the end to retaliatory tariffs.”

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