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Farm machinery sales reach five-year high

U.S. sales of farm tractors and combines continued to climb in May, reaching a five-year high in units sold, according to a report released today by the Association of Equipment Manufacturers (AEM).

A total of 24,171 farm tractors were sold in May, up from 19,842 units sold the same month last year, a jump of 21.8%. Year to date, 83,561 farm tractors have been sold compared to 74,201 in 2012, an increase of 12.6%.

A breakdown by size category shows that 2WD tractors rated under 40 hp accounted for the biggest volumes, climbing from 11,640 units sold in May 2012 to 15,181 units sold in May 2013. Year to date, 44,058 of these tractors under 40 hp have been sold, up 12.5% from a year ago. Four-wheel-drive tractors, by comparison, showed only a modest gain of .2% in May with 430 units sold for the month, but are up 14.9% year-to-date with January-through-May totals reaching 2,719 units sold.

Combine sales continue to see huge jumps this year. Unit sales for the month totaled 685 units, up 31.2% from the same month a year ago. Year-to-date, 3,664 combines have been sold since January, which is a gain of 51.5% over January through May of last year.

Here is a link to AEM’s Ag Tractor and Combine sales report for May.

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