The Association of Equipment Manufacturers’ had some good news and bad news in its U.S. Ag Tractor and Combine Report for October. The group says overall sales remained positive year-to-date, but a few categories recorded October declines. Sales of self-propelled combines fell 7 percent in October compared to last year, and sales of four-wheel-drive tractors were flat with a 1-percent drop month-over-month. October year-to-date growth in U.S. sales reached 17 percent for combines and growth of 13.5 percent for four-wheel-drive tractors. Total October U.S. sales of two-wheel-drive tractors grew 6 percent compared to October 2017. October year-to-date growth for overall U.S. sales of two-wheel-drive tractors topped 7 percent: under-40 HP tractors gained 10 percent; 40-100 HP tractors grew 2 percent; and 100-plus HP tractors increased 6 percent. “With the 2018 midterm elections over, we urge our elected leaders to re-focus on ensuring a strong ag economy,” said Curt Blades, AEM senior vice president, AG services. “We will continue to advocate for agriculture, including a robust farm bill, infrastructure, trade, rural broadband and a strong Renewable Fuel Standard. Click here to see AEM’s report.
Balanced Reporting. Trusted Insights. Saturday, February 24, 2024