U.S. total farm tractor sales gained 1.5% for the month of January compared to 2021, while U.S. self-propelled combine sales for the month fell 41.4% to 205 units sold. The 100-plus-horsepower, two-wheel-drive segment led all segments with a 10.8% gain, followed by the sub-40-horsepower, two-wheel-drive segment up 2%. Midrange tractors between 40 and 100 horsepower fell 2.8%, while articulated four-wheel-drive tractors inched down 0.4%.
In Canada, sales of tractors for the month of January were up 6.3% overall, led by 100-plus-horsepower units growing 26% and articulated four-wheel-drive units growing 16.7%. Combine harvesters were also down in Canada, falling 30% to 49 units sold.
“The sales trend we’re seeing started in June of 2020 and has reliably remained above the five-year average since then,” said Curt Blades, senior vice president, industry sectors and product leadership at the Association of Equipment Manufacturers. “The strength of ag markets and farmers seeing the value in the new technologies on offer is driving demand. At the same time, the lingering effects of the supply chain remain a concern.”
The full reports can be found in the market data section of the AEM website under ag tractor and combine reports.
The U.S. reports can be found here.
The Canadian reports can be found here.
AEM is the North America-based international trade group representing off-road equipment manufacturers and suppliers with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry in the U.S. supports 2.8 million jobs and contributes roughly $288 billion to the economy every year.
—From an Association of Equipment Manufacturers news release