January Ag Equipment Sales Mixed

The first month of 2020 saw mixed results in the total number of U.S. tractor and self-propelled combine sales.  According to data released last week by the Association of Equipment Manufactures, total farm tractor sales grew compared to January 2019 while combines fell by 25% year over year.  Total U.S. farm tractor sales increased 4.7% in January compared to last year while January self-propelled combine sales dropped 24.4%.

Total sales of two-wheel-drive tractors grew in all segments during January by a total of 4.9% more than January of 2019. Sales of tractors with more than 100 horsepower led the way in sales growth, up 19.6%. The total number of four-wheel-drive tractor sales fell 6.6%.

“The sales numbers we’re seeing for January are in line with our expectations,” says Curt Blades, Senior Vice President of Ag Services at AEM. “With the approval of the USMCA and the Phase One trade agreement with China, we believe we’re seeing some positive trends on the horizon for Ag equipment sales.”

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