U.S. farmers are persistent optimists. If that were not so, they would never risk their time, efforts and resources to produce a crop of unknown quantity to be sold in the future at an unknown price.
Tractor and combine sales for 2019 indicate an improvement over 2018 and the strength of the general economy will continue to power the smaller horsepower tractor sales.
Tractor and combine sales for 2018 showed a very good increase in nearly all categories and that growth will continue into 2019. Our models indicated growth above the normal replacement activity and that should provide for another good year ahead.
With new customers for our agricultural products coming into view in 2019 and the prospects of real progress in the dispute with China, there is reason to be optimistic about U.S. agriculture in the near future.
2018 has been the year of not only a base-building, but has shown some real strength in the larger tractor categories and in combines. 2019 is not going to be a year of dynamic growth in the markets but it is going to be one that will have growth equal to 2018, or better.
Shipments to dealers continue to outstrip our forecast, but field inventory levels continue to rise significantly (+5.9% in March alone) resulting in weak retail sales activities.
Under 40 horsepower tractors once again had significant shipments from the manufacturer to dealerships, but field inventory levels continue to climb in February 2016.
Charlie Glass shares Glass Management Group's 2016 month-by-month forecast for tractors and combines. Look for updates throughout the year as Glass compares his forecast to actual data on a monthly basis and he compares OEM shipments to dealers vs. dealers' retail sales for each of the tractor categories and combines.
Since posting the GMG 2016 Outlook for Tractor and Combines, we've received several questions about its 2015 Outlook vs. Actual Results. Charlie Glass shared them with us.
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
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.