Farm machinery sales continued to struggle in January as tariff threats and uncertainty surrounding farm support programs brought more bad news for sales of tractors and combines.
According to new data from the Association of Equipment Manufacturers (AEM), during the first month of 2025, U.S. sales of ag tractors dropped 15.8 per cent, while sales of combines fell 78.9 per cent, when compared to the same month in 2024. Canadian sales also dipped in January, with tractors sliding 3.1 per cent and sales of combines falling 82.9 per cent.
“As we enter 2025, we’re seeing a continuation of slow sales saw throughout 2024,” says AEM senior Vice President Curt Blades. “The ag industry continues to face uncertainties including global trade concerns, tariffs, and the lack of assurance that a farm bill provides. These uncertainties are reflected in the softness of the ag equipment market.”
Related: Farmers brace for the trade war they expected
