Ag Tractor and CombineOctober sales data released in AEM’s latest Ag Tractor and Combine Reports indicate the ag economy is still strong heading into the final months of 2018, although a few equipment categories saw declines.

U.S. sales of self-propelled combines fell 7 percent last month compared to the same time period in 2017, and sales in the U.S. of 4-wheel drive tractors saw a small 1-percent drop month-over-month. However, the report indicated overall sales remained positive year-to-date.

“With the 2018 midterm elections over, we urge our elected leaders to re-focus on ensuring a strong ag economy,” said Curt Blades, AEM senior vice president of ag services. “We will continue to advocate for agriculture, including a robust farm bill, infrastructure, trade, rural broadband and a strong Renewable Fuel Standard.” 

In addition, total October U.S. sales of 2-wheel-drive tractors grew 6 percent compared to last year. Other notable takeaways include a 9 percent gain for under-40 HP tractors, a 5-percent increase for 40-100 HP tractors, and a drop of 8 percent for 100-plus HP tractors.

October year-to-date growth for overall U.S. sales of 2-wheel-drive tractors topped 7 percent: under-40 HP tractors gained 10 percent; 40-100 HP tractors grew 2 percent; and 100-plus HP tractors increased 6 percent.

Meanwhile, total sales of farm tractors in Canada increased by nearly 3 percent in October compared to last year, buoyed by a 17-percent increase sales of under-40 HP tractors. However, sales of all 4-wheel drive tractors dropped nearly 41 percent compared to last year.

Click here to view the latest market data from AEM.

Subscribe to the AEM Industry Advisor for regular updates about AEM market data.