U.S. self-propelled combine sales increased during October while tractor sales fell, reports the Association of Equipment Manufacturers (AEM).
Total U.S. farm tractor sales decreased 3.5% compared to the previous year. Self-propelled combine sales grew 8.1%.
Sales of 2-wheel-drive tractors decreased 3.5%; under 40 hp models fell 3.9% and sales of 40-100 hp tractors dropped 4.9%. One bright spot was the 100-plus hp segment which increased 1.9% in October.
U.S. 4-wheel drive tractor sales declined 2.8%.
Canadian agricultural equipment sales also saw a drop in October. Four-wheel-drive tractor sales fell 51% (from 102 to 50 units sold year over year). Self-propelled combine sales dropped 9.2% during the month.
AEM data shows Canada's 2-wheel-drive tractor sales were mixed. The under 40 hp and 100-plus hp segments both saw decreases of 11.6% and 18.8%, respectively. Tractor sales for 40-100 hp models, however, rose 6.1%.
“This month’s numbers show cause for caution in the Ag sector,” says Curt Blades, Senior Vice President of Ag Services at the Association of Equipment Manufacturers. “We’re hoping a return to stability in global trade policies and practices occurs soon in order to ease uncertainty for North American farmers, and ultimately, agricultural equipment manufacturers.”