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
Tag: Curt Blades
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 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
With commodity prices staying low and farmers facing higher interest rates for the foreseeable future, there is reason to be cautious about equipment sales moving forward, especially after 2017’s mixed bag of results between Canada and the U.S. Some manufacturers, though, do see light at the end of the tunnel. At play in the optimism,… Read More