Insight Into Farm Equipment Sales Trends for 2022 & Looking Ahead Going Into 2023
North American Ag Spotlight: Agriculture & Farming News and Views
English - January 03, 2023 18:00 - 23 minutes - 16.5 MB - ★★★★★ - 358 ratingsBusiness Education agriculture agribusiness farming farm farm management farmer ranching dairy dairy farm agrimarketing Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this week's North American Ag Spotlight Curt Blades, Senior Vice President of Agriculture Services & Forestry Curt Blades at the Association of Equipment Manufacturers presents AEM's recent equipment report:
"COMBINE HARVESTERS, 4WD TRACTORS GROW DESPITE OVERALL LOSSES IN NOVEMBER"
Combine harvester sales remain positive, joined by 4WD units for both the U.S. and Canadian markets, while total tractors fell in both countries according to the latest data from the Association of Equipment Manufacturers (AEM).
Total U.S. ag equipment unit sales fell overall, though the largest units grew. U.S. total farm tractor sales fell 20.8 percent for the month of November compared to 2021, with the sub-40hp segment leading losses at 27.9 percent. U.S. self-propelled combine sales for the month grew 8.3 percent to 314 units sold, one of only two segments positive for the year (up 15.7% YTD). The other segment growing YTD, 100+hp units, grew 6.2 percent for the month (now up 13.3 percent YTD). Total farm tractor sales are down 14.5 percent year-to-date.
The full reports can be found in the Market Data section of the AEM website under Ag Tractor and Combine Reports.
U.S.: https://www.aem.org/market-data/stati...
Canada: https://www.aem.org/market-data/stati...
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.
AEM Senior Vice President of Agriculture Services & Forestry Curt Blades joined the Association of Equipment Manufacturers in 2017, having worked in agriculture industry in marketing, business development, and leadership roles for the previous twenty years. As Senior Vice President of Agriculture Services & Forestry, Blades is responsible for the strategic direction of agriculture programs and services for AEM members. In addition, he oversees the organizations Safety & Product Leadership group —including leading AEM’s sustainability efforts. In these roles, h
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