MILWAUKEE — January 2019 saw increases in U.S. sales of self-propelled combines and 4WlD tractors as well as total U.S. 2WD tractor sales compared to January last year, according to the latest data from the Assn. of Equipment Manufacturers (AEM).
U.S. 4WD tractor sales gained 38.2% in January compared to last year and U.S. January self-propelled combine sales grew 14.5%.
Total U.S. sales of 2WD tractors in January gained 4.9% compared to January last year. Under 40 horsepower 2WD tractors gained 13.3%, while sales of 40-100 horsepower tractors declined 6.8%, and sales of 100-plus horsepower tractors declined 3.5%.
For Canada, January 4WD tractor sales were positive (up 7.8%) and self-propelled combine sales increased 31.1%. However, January 2WD tractor Canadian sales were down in all size categories (14.6% for under 40 horsepower, 26.0% for 40-100 horsepower and 24.1% for 100-plus horsepower).
“For U.S. sales, our January numbers appear to be following a similar pattern as year-end, with continued overall positive data despite a weak overall farm economy. For Canada, one month doesn’t make a trend, but it is notable to watch. We are still concerned about continued market uncertainty and its effect on farmers’ business planning,” said Curt Blades, AEM senior vice president, Ag services.
“We remain committed to advocating for pro-growth trade policies and the end to retaliatory tariffs. To keep the U.S. agriculture economy strong, we’re also urging for the swift implementation of the 2018 Farm Bill, expansion of rural broadband coverage and year-round sales of E-15 under the Renewable Fuel Standard to help provide some stability for farmers in the months ahead,” said Blades.
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