Wednesday, December 11, 2024

Tractor, combine sales slow

Farmers were apparently cautious about kicking tires on new tractors and combines during November.

The Association of Equipment Manufacturers reported sales of 1,814 tractors this November compared with 2,234 the same month last year. 


There were 40 self-propelled combine sold compared with 66 last November, a decline of more than 39 per cent.


Eighty four-wheel drive tractors were sold compared with 84 a year ago and only q1,734 two-wheel drive tractors were sold, more than 19 per cent fewer than last year.


Eleven-month cumulative figures show a 12.3 per cent decline in combine sales and 17 per cent decline for tractors.


The association does not capture all sales in Canada.


The United States registered greater declines than Canada with November tractor sales down by 14.5 per cent and combines by 24 per cent.