Farm Progress is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Serving: United States

Farm tractor sales start strong in 2021

AEM Aerial View of tractor tilling snow covered field in winter
Total farm tractor sales rose 24.7% in U.S. in January compared to year earlier.

The new year showed continued growth in farm tractor and self-propelled combine sales, according to the latest data from the Association of Equipment Manufacturers.

Total farm tractor sales rose 24.7% in the U.S. in January compared to 2020 while U.S. self-propelled combine sales grew by 76.8%.

In Canada, total farm tractor sales were up 39% for January 2021 while combines delivered 52.2% more unit sales.

Looking back

Farm tractor and self-propelled combine sales finished 2020 with solid growth across the U.S., AEM reported in January. Total YTD farm tractors out the door were up 17.9% in 2020, while combines finished 2020 up 5.5%.

In December 2020, U.S. total farm tractor sales rose 26.8% compared to 2019 while U.S. self-propelled combine sales fell 1.9%. U.S. four-wheel-drive units fell slightly in December, down 3.7% to 309 units, year-to-date sales finishing up 3.7%. 100+hp posted healthy growth in December, up 21.8%, keeping the big units positive for the year, finishing up 3.2%.

2019 was also a growth year for farm tractor sales, according to AEM. Total U.S. farm tractor sales for calendar 2019 grew 3.6% to 244,637 units.

Related: Supplies tighten as equipment sales increase

In January 2021

U.S. unit sales grew across all segments in January, with the biggest gains continuing in the small sub-40hp segment (gaining 32.9%). 100+hp continued to grow in January, up 1.2%, building on a 3.2% total gain throughout 2020. Four-wheel-drive units also delivered solid gains, up 33.7% for the month.

In Canada, January monthly tractor sales grew across all segments, with four-wheel-drive units leading the way for the second month in a row, up 118.2%. Sub-40hp unit sales grew 33.4%, 40-100 hp units sales were up 57.3%, and the big 100+ hp tractors sales grew 26.7%. 

“We’re pleased to see last year’s growth trends continuing into the new year.” said Curt Blades, senior vice president of ag services at the Association of Equipment Manufacturers.  “While smaller units continue to lead the way, improved commodity prices and market conditions are leading to further gains in harvesters and bigger row crop units.”

Want more?

The full reports can be found in the Market Data section of the AEM website under Ag Tractor and Combine Reports.

U.S.:  https://www.aem.org/market-data/statistics/us-ag-tractor-and-combine-reports/

Canada:  https://www.aem.org/market-data/statistics/canadian-ag-tractor-combine-reports/  

Source: AEM, which is solely responsible for the information provided and is wholly owned by the source. Informa Business Media and all its subsidiaries are not responsible for any of the content contained in this information asset. 
Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish