Farm Tractor Sales Start 2021 Continuing Previous Year’s Strong Growth
Farm tractor and self-propelled combine unit sales start the year continuing growth in both the U.S. and Canada according to the latest data from the Association of Equipment Manufacturers (AEM).
U.S. total farm tractor sales rose 24.7 percent in January compared to 2020 while U.S. self-propelled combine sales grew a significant 76.8 percent. U.S. unit sales grew across all segments, with the biggest gains continuing in the small sub-40hp segment (gaining 32.9 percent). 100+hp continued to grow in January, up 1.2 percent, building on a 3.2 percent total gain throughout 2020. Four-wheel-drive units also delivered solid gains, up 33.7 percent for the month.
For Canada, January monthly tractor sales also grew across all segments, with four-wheel-drive units leading the way for the second month in a row, up 118.2 percent, while sub-40hp units grew 33.4 percent, 40-100 hp units up 57.3 percent, and the big 100+ hp tractors growing 26.7 percent. Total farm tractor sales up, as a result, 39 percent for January 2021 while combines delivered 52.2 percent more units.
“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.”
The full reports can be found in the Market Data section of the AEM website under Ag Tractor and Combine Reports.
AEM is the North America-based international trade group representing off-road equipment manufacturers and suppliers with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry in the United States supports 2.8 million jobs and contributes roughly $288 billion to the economy every year.