Farms.com Home   News

AEM Executive Comments On The Current Farm Machinery Market

U.S. retail sales of small farm tractors under 40HP decreased 2.4 percent in September 2015 compared to the same period last year, according to the Association of Equipment Manufacturers (AEM), the leading trade organization for off-road equipment manufacturers and suppliers.

Year-over-year, retail sales for all other tractor categories also decreased, led by four-wheel drive tractor sales, which were down 48 percent in September.

Year-to-date sales of the smaller, less than 40HP tractors maintained their growth compared to 2014, while sales of 40 to 100HP farm tractors remained stable.

In a more long-term comparison, retail sales in units for agriculture tractors and combines nearly matched the 5-year average (2010-2014).

"We're not surprised to see slower sales during August and September due to seasonal trends, but the year-over-year dip, especially in the large and 4WD farm tractor category, is quite significant," said Charlie O'Brien, AEM's senior vice president.

Click here to see more...

Trending Video

14 Days until The TrumpXi Meeting! Phase 2 Trade deal Bullish AG

Video: 14 Days until The TrumpXi Meeting! Phase 2 Trade deal Bullish AG

The countdown to the Trump/Xi meeting in Beijing is on- it happens in mid-May & Trump says trip to China will be “great”!

New technical breakout in KC wheat and canola futures.

May weather forecast remains cool/wet for U.S. east but dry out west.

S&P 500 surged +14% in April to new record highs!

Funds now worried about a prolonged war with Iran and higher fertilizer/diesel prices for longer impacting global grain production.

UAE leaving OPEC on May 1 while OPEC + looking to increase output again.

U.S. farm bill passes after 5 long years! E15 + top winners and losers in April CFTC and more.