Positive 2018 Combine and Tractor Sales Signal Optimism for 2019

January 11, 2019 11:21 AM
 
Despite lingering trade uncertainty and an overall weak farm economy, 2018 was a solid year for combine and tractor sales, reports AEM in the December U.S. Ag Tractor and Combine Report.

Despite lingering trade uncertainty and an overall weak farm economy, 2018 was a solid year for combine and tractor sales, reports the Association of Equipment Manufacturers (AEM) in the December U.S. Ag Tractor and Combine Report.

In July, before trade issues had reached their peak, AEM members reported a positive trend. Despite those trade concerns, farmers continued to look for 40 HP tractors, four-wheel-drive tractors and self-propelled combines.

“As we look at 2019, we’re still seeing a lot of uncertainty related to the Administration’s efforts to reset global trade parameters,” says Curt Blades, AEM senior vice president, agriculture for AEM.

“We’re also watching some uncertainty with stock market ups and downs which could indicate a potential slowing economy. As a whole, we remain optimistic that the replacement market for large equipment will continue through 2019, and that the small tractor market will continue to be a bright spot on overall sales numbers,” he adds.

AEM

Top Highlights:

Sales of self-propelled combines showed a 18.2% growth in year-to-date sales. U.S. sales gained 29.7% month-over-month in December compared to last year

Year-to-date sales of four-wheel-drive tractors gained 12.9%, even as U.S. sales declined 9.2% month over month. 

Year-to-date sales of two-wheel-drive tractors for December were up 6.8%. Specifically:

  • Under-40 HP tractors gained 9.2%

  • 40-100 HP up 1.5%

  • 100+ HP grew 5.5%

 

Click here to search the 6,246 combine and 10,020 175+ HP tractor listings on MachineryPete.com.

 

Read More:

Pete's Pick of the Week: Second Highest Combine Price of 2018

High-Horsepower and Combine Sales Continue to Rebound

Equipment Sales Up Led by Combines

 

 

 

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Comments

 
Spell Check

Mark
Nevada, MO
1/14/2019 07:41 AM
 

  Yeah. Right. Machinery. Sales up? Optimistic. When Commodity prices are $1.00 less than 1 year ago How many farmers just broke even in 2018? I ll believe you editors. When I start believing politicians 2019 will be the fight for survival year

 
 
ck
bad axe, MI
1/14/2019 10:20 AM
 

  FHA is cranking out the cash if you want to buy. They raised there limit on hard assets from $1,400,000.00 to $1,750,000.00 this winter and there lines of credit for the 2019 season from $300,000.00 to $400,000.00 . You have to look on the bright side Trump said he would take care of the farmer, so don't worry be happy. There will be more checks coming to your mailbox this year than last year from the USDA .

 
 
Chris
Aberdeen, SD
1/14/2019 02:39 PM
 

  I think there is more to this. Look at the weather we had this fall. Guys (including myself) were scrambling to get crops out between excessive rains and even snow (we had 6 inches here in the first part of october). That could be a big driver of combine sales and something that has nothing to do with economic conditions more so just saving ones ass by getting the crop in the bin. Sometimes there is no choice but to spend money.

 
 

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