“While growth hit a bump toward the end of the year, ag tractor and combine sales overall for 2019 ended relatively flat,” said Curt Blades, senior vice president of Ag Services at the Association of Equipment Manufacturers (AEM). “On top of that, from survey data we gathered along with the Equipment Dealers Association, majorities of both manufacturers and dealers agree inventory levels are sitting about right at the moment, which should put our members and the overall ag sector in a positive place for the near future.”
According to AEM, total U.S. farm tractor sales for 2019 were up 3.6 percent, while self-propelled combines were down 0.7 percent. December tractor sales climbed 1.1 percent compared to December of last year while combines fell by 12.3 percent.
Blades discusses 2019 and the outlook for 2020 in this interview.
Interview with Curt Blades, AEM Senior VP of Ag Services (5:15)