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April 2021 farm tractor sales grow over already-large 2020 gains

Published on 12 May 2021

U.S. farm tractor unit sales continue a double-digit growth rate in both the U.S. and Canada, and inventories continue to fall after a strong month of April, according to the latest data from the Association of Equipment Manufacturers (AEM).

U.S. total farm tractor sales rose 22.7% in April compared to 2020, which was the first month of the current sales growth trend, while U.S. self-propelled combine sales fell 3.2%. U.S. tractor sales grew across every segment, with the biggest gains in the 100-plus-hp segment, up 29.2%. The midsize 40-100-hp units were up 28.8%, and the sub-40-hp class is up 20.8%. Four-wheel-drive units grew 15.1%, putting them up 12% year to date.

For Canada, April monthly tractor and combine sales were positive across all segments, with the four-wheel-drive segment nearly doubling, up 93.3% to 201 units sold, while total farm tractor sales were up 72.3% to 3,671 units sold. Self-propelled combines also grew 23.1%.

“April was the month we were watching to see how this growth trend would look once it hit the official 12-month mark,” said Curt Blades, senior vice president of ag services at the Association of Equipment Manufacturers. “Seeing the larger row-crop units leading the way in segment gains shows the pull rising commodity prices have been having on equipment sales.”

The full reports can be found in the market data section of the AEM website under ag tractor and combine reports.

The U.S. reports can be found here.

The Canadian reports can be found here.  end mark

AEM is the North America-based international trade group representing off-road equipment manufacturers and suppliers, with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry in the U.S. supports 2.8 million jobs and contributes roughly $288 billion to the economy every year.

—From an Association of Equipment Manufacturers news release