The Australian government’s willingness to financially support agriculture (and other industries requiring heavy equipment) played a large part in the country seeing exceptional sales of tractors and other machinery in 2021 despite ongoing supply challenges.
2021 will go down as a banner year for farm equipment sales but it will also be remembered as a very frustrating year for both manufacturers and dealers.
Ag equipment sales growth accelerated sequentially in December, and inventories began to recover in 2WD categories but remain near trough levels for 4WD tractors and combines, according to analysis from RW Baird Senior Research Analyst Mircea (Mig) Dobre.
Growth in both ag tractors and combines continues in the U.S., while a slowdown in combines in Canada brings overall unit sales slightly below 2020 north of the border, according to the latest data from the Assn. of Equipment Manufacturers.
100+ horsepower tractors generated retail sales in November that were 380 units above our monthly forecast and YTD retail sales were 4,079 units, or 24.2% above our YTD forecast.
Large ag equipment retail sales showed solid growth in September, despite the fact that comparisons continue to get tougher and inventories remain below last year, says Mircea (Mig) Dobre, senior research analyst with RW Baird.
Prospects for dealers and machinery manufacturers at the beginning of last year looked less than promising as far as tractor sales were concerned as the slide in demand experienced through 2019 continued into the first four months of 2020.
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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.