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334741

The ag equipment market is ‘turbulent’

Combine harvester sales were up in September over August this year, while total tractor sales fell, according to a report from the Association of Equipment Manufacturers (AEM).

Total agriculture equipment sales in the United States were above the five year average in September, but sales were down in nearly all segments from the same time in 2021.

“The ag equipment market, as with most markets for manufactured goods, is turbulent,” says Curt Blades, senior vice president, industry sectors and product leadership at AEM. “Farmers want to take advantage of the efficiency gains and technology that new equipment brings to their operations, especially with commodity markets being as positive as they are. However, supply chain difficulties continue to weigh on our member manufacturers’ deliveries.”

A chart showing the sales for agriculture equipment.
Photo credit: AEM

Tractor sales

Total farm tractor sales for September 2022 were down 12.8% from 2021, but still marked an improvement over sales from August. Year to date, AEM reports 210,540 total farm tractors were sold this year, down from 245,807 this time last year. Tractor sales are broken down by horsepower range as follows:

Sales for 2WD sub-40 hp. tractors were down 16.3% from 2021, with 13,687 sales this year, and 16,360 last year. Year to date, AEM reports 140,790 tractors have been sold in this category, down from 170,715 at the same time last year. 

Sales for 2WD 40-100 hp. tractors were down 10.2%, with 5,744 sales this year, and 6,394 last year. Year to date, AEM reports 49,468 tractors have been sold in this category, down from 56,445 at the same time last year. 

In a positive direction, sales for 2WD 100+ hp. tractors were up 9.6%, with 2,402 sales this year, and 2,192 last year. Year to date, AEM reports 18,146 tractors have been sold in this category, up from 16,257 at the same time last year. 

Sales for 4WD tractors are down 33.1%, with 247 sales this year, and 369 last year. Year to date, AEM reports 2,136 tractors have been sold in this category, down from 2,390 at the same time last year. 

Combine Sales

Sales for self-propelled combines saw growth in September, up a modest 6.6% with 904 sales this year compared to 848 last year. Year to date, AEM reports 4,555 combines have been sold, up from 4,406 at the same time last year. 

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