U.S. large ag retail sales were up 12.9% year-over-year in January, while Canadian sales were up 38%. Combined U.S./Canada large ag sales were up 15.4% (vs. up 11.3% in December), marking the fifth consecutive month with growth of over 9%.
Our data bases include information for tractor sales derived from AEM’s monthly Flash Reports that dates back to 1969, USDA reported net farm income that dates back to 1969 and U.S. Department of Labor’s GDP data that dates from 1970.
Overall tractor unit sales continued their growth across North America in October 2020 despite a small pause in larger units in Canada, according to the latest data from the Assn. of Equipment Manufacturers (AEM).
September large ag equipment sales were up 9% in the U.S. and 11.9% in Canada, according to sales figures release by the Assn. of Equipment Manufacturers.
All segments of ag equipment, small to large, grew in September 2020 continuing a positive trend for the year according to the latest data from the Assn. of Equipment Manufacturers (AEM).
U.S. large ag retail sales were down 3.7% year-over-year in August, while Canadian sales were up 8.3%, according to the latest numbers from the Assn. of Equipment Manufacturers.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.