July saw decreases in United States sales of combines and four-wheel drive tractors, as well as total U.S. two-wheel drive tractor sales, compared to July of last year.
Monthly data from the Association of Equipment Manufacturers (AEM) shows U.S. four-wheel drive tractor sales decreased four-point-seven percent in July, compared to last year. U.S. July combine sales decreased 25.9-percent, and total U.S. sales of two-wheel drive tractors in July decreased point-one-percent compared to July last year.
For Canada, January four-wheel drive tractor sales were negative, down 32-percent and combine sales decreased 43.8 percent. July two-wheel drive tractor Canadian sales were down in all size categories.
A weak farm economy and trade tensions are part of the reason farmers are holding off on purchasing equipment. AEM’s Curt Blades says the association is “encouraging a swift passage of U.S.-Mexico-Canada Agreement (USMCA) and continued focus on renewable fuels to help provide some stability for farmers in the months ahead.” Blades adds AEM is “committed to advocating for pro-growth trade policies and the end to retaliatory tariffs.”