There is considerable economic concern in Canada and the U.S. due to COVID-19, but for the agricultural equipment industry, economic concerns began months earlier. The Association of Equipment Manufacturers has released its March Flash Report, and it paints a poor first-quarter for agricultural equipment deliveries in Canada and the U.S. In Canada, (report below) AEM… Read More
Tag: Aem
Machinery sales for 2020 have started off on a much weaker tone than 2019, according to the Association of Equipment Manufacturers. The current agricultural profitability outlook is bleak due to market access concerns, a bearish tone to commodities in the face of trade disruption, and rising protectionism elsewhere in the world. Without extra disposable income… Read More
New farm equipment sales in Canada declined again in January, according to the latest monthly sales numbers from the Association of Equipment Manufacturers (AEM.) 4-wheel drive tractor sales were down sharply from January 2019, falling from 69 to 11 units — an 84 percent drop. Overall 2-wheel drive tractor sales were only down 2.8 percent,… Read More
The Association of Equipment Manufacturers (AEM) has released its December ag tractor and combine sales report, and it’s showing an upward trend in the United States to end off the year. December 2019 saw a return to positive overall results in U.S. sales of tractors and self-propelled combines. The total U.S. farm tractor sales for… Read More
The Association of Equipment Manufacturers has released their October ag tractor and combine sales report, and perhaps unsurprising to many, sales in all but one category are down compared to 2018. Though October still saw the expected spike in unit sales for the year, the total for farm tractors sold in the month was down… Read More
As farmers head out to spray, it appears as though many aren’t thinking about buying new anytime soon. Machinery sales in Canada continue to drop month after month. According to the Association of Equipment Manufacturers’ (AEM) monthly report, combine sales were down 46.8 per cent compared to June of last year. When it comes to… Read More
The numbers are out, and according to the Association of Equipment Manufacturers’ May ag tractor and combine report, equipment sales could be much better. Canada “We’re kind of disappointed with the latest Canadian ag tractor and combine reports,” says the Association of Equipment Manufacturers’ Curt Blades. “We’ve started seeing softness across all the categories that… Read More
With commodity prices struggling for broad acre crops, the first quarter of machinery sales in both Canada and the United States provide some insight. In Canada (see table below) the first quarter for 2019 shows 2WD tractors are down 6.3 per cent and 4WD tractors are down 34.6 per cent in comparison to the first… Read More
The senior vice president, of ag services with the Association of Equipment Manufacturers (AEM) says he remains concerned about Canadian sales for the month of February. Self-propelled combines were up by 25 per cent, while two-wheel-drive tractors under 40 horse power were up by 23 per cent. “We remain concerned about some of the Canadian numbers in… Read More
The latest Association of Equipment Manufacturers (AEM) report is out, and it suggests Canadians are purchasing fewer two-wheel-drive tractors. The report released last week was for the month of January, 2019. Sales for two-wheel-drive tractors were down by 14.6 per cent for machines with under 40 horsepower. There was also a dip for tractors with in… Read More