AEM Ag Flash Report & Annual Outlook Survey Results For 2010
The Association of Equipment Manufact-urers’ (AEM) monthly Ag Flash Reports compares data from the current and past year of the Canadian and U.S. unit retail sales of two- and four-wheel drive tractors and self-propelled combines. Highlights of the report are listed below.
Canadian Report (AEM.org/Trends/CanAg):
| Under 40 HP: | 799 | (-7.2% from 2008) |
| 40 & Under 100 HP: | 579 | (-10.1%) |
| 100 HP & Over: | 339 | (+15.3%) |
| Two-Wheel Drive: | 1,717 | (-4.6%) |
| Four-Wheel Drive: | 93 | (-46.6%) |
| Total Tractors: | 1,810 | (-8.3%) |
| Combines (Self-Prop): | 178 | (+21.9%) |
U.S. Report (AEM.org/Trends/USAg):
| Under 40 HP: | 4,853 | (-6.1% from 2008) |
| 40 & Under 100 HP: | 4,075 | (-17.3%) |
| 100 HP & Over: | 2,591 | (-1.7%) |
| Two-Wheel Drive: | 11,519 | (-9.5%) |
| Four-Wheel Drive: | 449 | (+16.9%) |
| Total Tractors: | 11,968 | (-8.8%) |
| Combines (Self-Prop): | 982 | (+3.4%) |
Additionally, in AEM’s annual “outlook” survey, agricultural machinery manufacturers said they anticipate overall continued weakness in U.S. and Canadian tractor sales for 2010. For all sizes of two-wheel tractors, however, the declines are expected to be less steep than in 2009. Double-digit decreases are expected for four-wheel-drive tractors, following relatively flat business in 2009. Sales of tractors and combines are then predicted to start rebounding through 2011 and 2012.
Combine sales in 2010 are expected to decrease 12% in the U.S., followed by a 7% drop in 2011 and no growth (down 0.3%) in 2012. A similar pattern is seen for Canadian combine sales — an expected 2010 decline of 13%, a 2011 decrease of 8% and no growth (down 0.3%) in 2012.
For other types of farm-related equipment covered in the AEM survey, overall 2010 demand for most products in the U.S. and Canada is expected to improve after 2009 business declines. All categories are predicted to be in the plus column for 2011 and 2012.
To view the full report go to: AEM.org/Trends/IndusOut/.