AEM Releases August Ag Equipment Sales Numbers

August 2019 saw increases in U.S. sales of combines and four-wheel-drive tractors as well as total U.S. two-wheel-drive tractor sales compared to August of last year.

The Association of Equipment Manufactures monthly sales report shows four-wheel-drive tractor sales increased 19.3 percent in August compared to last year and combine sales increased 11.5 percent. Total sales of two-wheel-drive tractors in August increased 1.9 percent compared to August last year. Sales of under 40 horsepower two-wheel-drive tractors increased 2.1 percent, while sales of 40-100 horsepower tractors decreased 1.4 percent, and sales of 100-plus horsepower tractors increased 13.6 percent.

For Canada, August four-wheel-drive tractor sales were flat and combine sales decreased 45.4 percent. August two-wheel-drive tractor Canadian sales were mixed, with a 9.9 percent increase in small tractors, and a 4.2 percent increase in 40-100 horsepower tractors. AEM’s Curt Blades says that, while the numbers are flat to positive for the year, “we and the industry remain cautious about the overall Ag economy.”

This article originally appeared on the Iowa Agribusiness Radio Network



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