Farm equipment sales remain strong

Despite belt tightening by farmers, farm equipment sales in the United States have remains positive this year, reports the Association of Equipment Manufacturers.

(Postmedia News file photo)

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Despite belt tightening by farmers, farm equipment sales in the United States have remains positive this year, reports the Association of Equipment Manufacturers.

Sales of self-propelled combines gained 9.2 per cent in November compared with last year, and U.S. sales of 4-wheel-drive tractors increased by 60.7 per cent.

For the first 11 months of this year, U.S. sales showed a 16.6 per cent growth for combines and 15.9 per cent growth for 4-wheel-drive tractors.

“Equipment sales overall have been resilient this year, but we are starting to see some softening s the year winds down,’ said Curt Blades, senior vice president for agriculture services for the Association of Equipment Manufacturers.

“Trade issues remain a major concern, especially the uncertainty caused by tensions with China.

“On a brighter note, we are encouraged by the administration’s efforts regarding year-round availability of E-15 fuel,” he said because it increases market demand for corn.’

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