Retail sales of ag equipment were below November's monthly forecast in all categories except for over 100 horsepower tractors, which exceeded the November forecast by 36 units.
House democrats and the Trump administration have reached an agreement to move forward with the White House’s replacement for the North American Free Trade Agreement (NAFTA), the U.S.-Mexico-Canada Agreement (USMCA), according to CNBC.
The Federal Communications Commission (FCC) took another step to implement the Precision Ag Connectivity Act (PACA) with the announcement of the Precision Ag Task Force members.
North American sales of high horsepower tractors (>100 HP) declined 3.2% year-over-year in October after registering a nearly 13% increase in September, according to figures released on Nov. 12 by the Assn. of Equipment Manufacturers.
Total tractor sales in October fell about 8%, with utility tractors (40-100 horsepower) showing the only growth at up 6%. Compact tractor (under 40 horsepower) sales fell 11% last month and high horsepower tractors (over 100 horsepower) fell 18%.
U.S. large ag equipment retail sales rose 14% in September for the second consecutive month following double-digit declines in both July and June, according to sales figures released by the Assn. of Equipment Manufacturers.
Overall, September was a solid month for retail sales of tractors and combines in the U.S. and Canada, according to the latest data from the Assn. of Equipment Manufacturers (AEM).
Worldwide economic unrest along with political unrest both here and abroad has placed a black cloud over the U.S. agricultural economy and has slowed large equipment sales to almost a crawl.
Sales of large farm machinery sales posted double digit gains in August, but Canadian sales remained soft, according to the latest figures released by the Assn. of Equipment Manufacturers.
2019 is developing into a very unique year for equipment sales. For the past several decades the under 40 horsepower class of tractors represented more than 50% of the total tractors sold in the U.S. In 2019, we expect this class of tractors will represent between 62-65% of the total tractors sold as sales for the larger tractors slide even more.
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There was plenty of technology on display at the World Dairy Expo in Madison, Wis., a few weeks ago. Farm Equipment editor Mike Lessiter caught up with Monarch Tractor’s John Issacson and got his take on the top 5 applications in autonomy right now.