Ag Sales DataAs uncertainty lingers due to ongoing trade wars involving the United States, AEM released its latest ag tractor and combine sales data this week.

Farm equipment sales numbers mirror the cautious sentiment that surrounds the industry today, with the U.S. seeing minimal growth in most equipment categories. Meanwhile, Canada saw declines in all but two categories, according to the reports. 

“While numbers were up for the U.S. in May, the ongoing trade war has us concerned about the direction they may take in coming months,” said Curt Blades, AEM senior vice president, ag services. “Free trade is critical to keeping the U.S. economy and our industry strong. Especially when you consider 30 percent of the equipment manufactured in the U.S. each year is earmarked for export.”

Total retail sales of 2-wheel-drive tractors saw a slight increase of 1.6 percent, when compared to May of last year. In addition, under-40-HP tractors experienced a small 0.7 percent growth, 40-100-HP tractor sales grew 2.9 percent and 100-plus-HP tractors saw a 8.6 percent growth in sales.

Total sales of 4-wheel-drive tractors increased 2.3 percent, when compared to this time a year ago. Year-to-date sales overall are up 22.2 percent. Overall, total farm tractor sales experienced a minimal 1.6 percent growth, which was essentially overshadowed by the 13 percent drop in sales for self-propelled combines.

Meanwhile, unlike their counterparts to the south, Canada saw precipitous declines this past month. Sales of under-40-HP and 100-plus-HP 2-wheel-drive tractors were the only categories that experienced growth for Canada. The rest of the categories declined in sales with some seeing drop-offs as bad as 20.8 percent for 40-100-hp tractors and 56.4 percent for 4-wheel-drive tractors.

Click here to view the latest market data from AEM.

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