IARN — Farm tractor and combine sales finish the year with solid growth across the U.S., while sales in most sectors in Canada were also positive.
The Association of Equipment Manufacturers reports U.S. total farm tractor sales rose 26.8 percent in December compared to 2019 while U.S. combine sales fell 1.9 percent. U.S. four-wheel-drive units fell slightly in December, down 3.7 percent, with year-to-date sales finishing up 3.7 percent. 100+hp posted healthy growth in December, up 21.8 percent, finishing the year up 3.2 percent. Total year to date farm tractors out the door are up 17.9 percent in 2020, while combines finished 2020 up 5.5 percent.
AEM’s Curt Blades says, “despite uncertainty in the overall economy, the ag equipment market has been pretty strong.” For Canada, total farm tractor sales were up 10.6 percent for 2020, while combine sales fell 30 percent on the month, and 13.9 percent for the year.
Story courtesy of the Iowa Agribusiness Radio Network
Photo courtesy of John Deere
