According to the latest Association of Equipment Manufacturers (AEM) flash report, in both the United States and Canada, self propelled combine sales are very strong. Both the year to date and month to month numbers are on a torrid pace for the year.
In the United States combine sales were up 58.6% in April 2013 in comparison to the prior year and up 57.2% year to date. SEE THE US REPORT
In Canada combine sales were up 83.2% in April 2013 in comparison to the prior year and up 45% year to date. SEE THE CANADA REPORT
Both American and Canadian farmers are preparing for either a potential large harvest, finding places to spend free cash flow or taking advantage of strong dealer pricing. As we said last month, it will be interesting to see if this strong trend continues.