US Sales of Ag Tractors and Combines Fall in October 2024

Sales of agricultural tractors and combines in the United States continued to decline in October 2024, according to the latest report from the Association of Equipment Manufacturers (AEM).

Tractor sales decreased by 14.2% compared to October 2023, while combine sales saw an even sharper drop, falling 34.6% year-over-year.

“October’s sales of ag tractors and combines follow a September that also showed a slowdown in sales,” AEM senior vice president Curt Blades said.

“These declines point to the overall softness in the ag economy following a robust five years of positive industry results."

The trend extended to Canada, where agricultural equipment sales were also down. Canadian sales of tractors decreased by 15.1% in October, and combine sales fell 26.9% compared to October 2023.

The consecutive monthly declines in both countries reflect broader challenges in the agricultural sector, with industry observers watching for potential stabilization in coming months.