October North American Combine Harvesters Continue Growth

Share:

11/14/2022

Ag Tractor and Combine ReportCombine harvester sales report double-digit gains in October for both the U.S. and Canadian markets, while total tractors fell in both countries according to the latest data from AEM.

Total U.S. ag equipment unit sales stayed above the 5-year average for the third month since April 2022. U.S. total farm tractor sales fell 10.8 percent for the month of October compared to 2021, being dragged down by a 23.6 percent drop in the sub-40hp category. U.S. self-propelled combine sales for the month grew 77.4 percent to 1,678 units out the door. All ag tractor segments above 40hp grew as well, with mid-range 40-100hp 2WD units gaining 3.2 percent, 100+hp units up 25.5 percent, and 4WD units up 9.4 percent. Total farm tractor sales are down 14.0 percent year-to-date, a slight improvement from the month prior, while combine harvester unit sales growth streak, now at five months, have the segment up 16.2 percent year-to-date, a big, positive change.

In Canada, only two segments showed growth: 4WD tractors (up 19.2 percent) and combine harvesters (up 32.6 percent). Overall unit sales in tractors were down 9.6 percent, with the biggest drag coming from mid-range, 40-100hp units, down 12.9 percent. Unit sales in 2WD segments fell 10.1 percent overall with all segments falling. Year-to-date farm tractor unit sales were down 6.6 percent in Canada, while harvesters are finally positive for the year, now up 7.3 percent at 1,734 units sold.

“With all the new technology available, we’re happy to see farmers being able to take advantage of the technology on modern harvesters and tractors,” said Curt Blades, senior vice president, industry sectors and product leadership at the Association of Equipment Manufacturers. “The drop in the U.S. sub-40 horsepower segment continues the trend we’ve been expecting given the significant growth in that segment driven by consumer spending changes during the pandemic. Despite the year over year reduction in sales to days, the small tractor sales remain above 5-year average”

The full reports can be found in the Market Data section of the AEM website under Ag Tractor and Combine Reports.

U.S.:  https://www.aem.org/market-data/statistics/us-ag-tractor-and-combine-reports/

Canada:  https://www.aem.org/market-data/statistics/canadian-ag-tractor-combine-reports/  

For more AEM news and updates, subscribe to the AEM Industry Advisor.      

AEM Updates, Agriculture & Forestry

For more AEM news and updates, subscribe to the AEM Industry Advisor.

Related Articles

Vote Now and Vote Often: Help Recognize the Success of AEM’s Internship Program

AEM’s revitalized internship program has once again been nominated as a top program through National Intern Day. Help support the program and recognize its ongoing success by...

AEM’s Sara Truesdale Mooney Earns Institute for Organizational Management IOM Designation for Demonstrating Notprofit Management Knowledge

AEM’s Sara Truesdale Mooney recently earned the IOM designation from the Institute for Organization Management for demonstrating knowledge essential to the practice of notprofit...

Report: U.S. Industrial Bioeconomy Supports Nearly 644,000 Jobs

Biomanufacturing advocates today released a new report that provides a closer look at the employment, wages, and economic activity driven by the U.S. industrial bioeconomy...

Steelwrist and AEM Host Senator Blumenthal for Grand Opening of New North American HQ

Steelwrist welcomed Senator Richard Blumenthal (D-Conn.) as part of the grand opening of its new North American headquarters in Newington, Connecticut. Senator Blumenthal joined...

Product Safety 101: AEM Member Leaders Weigh in on the Fundamentals

For many first-time product safety professionals, a role in the industry mightfeel a little bit disorienting at times. It’snot uncommon for new employees to deal with...

View all AEM Updates