U.S. Ag Tractor Unit Sales Positive in All Segments, Overall Positive in Canada for February
All segments returned to positive in U.S. ag tractor and combine unit sales, while Canadian harvesters and 4WD units fell according to the latest data from the Association of Equipment Manufacturers (AEM).
U.S. total farm tractor sales grew 9.2 percent for the month of February compared to 2021, while U.S. self-propelled combine sales for the month inched up 3.1 percent to 200 units sold. The 100+ horsepower 2WD segment once again led all segments with a 27.9 percent jump, followed by the sub-40 horsepower 2WD segment up 8.1 percent. Mid-range tractors between 40 and 100 horsepower climbed 7.1 percent, reversing last month’s decline, while 4WD tractors were nearly flat, climbing only 0.6 percent, or one additional unit sold for the month.
In Canada, sales of tractors for the month of February were up one percent overall, led by 100+ horsepower units, up 11.3 percent, and mid-range 40-100 hp units up 2.4 percent. Combine harvesters were fell in Canada, down 42.4 percent to 30 units sold, eight more units than 4WD units which were down 57.7 percent for the month.
“This is another positive month for ag tractor and combine sales, up overall in both North American markets,” said Curt Blades, senior vice president, industry sectors & product leadership at the Association of Equipment Manufacturers. “Strength in the commodities markets is continuing to drive a lot of the sales growth, which we see in that continued growth in bigger row crop units. And with fuel prices seeming to be on their way up for the foreseeable future, it’s possible even more farmers will want to get in on the efficiencies that new equipment has to offer.”
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.