June Sees "Nice Bump" in Combine Sales
There are a lot of questions out there right now about our economy – ag and otherwise – but there has been one positive indicator recently in combine sales. Curt Blades is the Senior Vice President of Ag Services with the Association of Equipment Manufacturers…
“A farmer has to feel good about their business operation for them to invest three-quarters of million dollars into a new combine harvester. So, we did see a nice bump in combined sales month over month for June in 2022, but that's adding up to roughly about five percent off of where we were this time last year. What's driving that demand is farmers are always looking for ways to be more efficient, and the latest combine harvesting technology certainly allows farmers to be more efficient, whether that's being able to put more acres under a machine or simply being able to operate that machine with more fuel efficiency. There are lots of drivers that are coming into why a farmer is purchasing new equipment, and that's reflected in the numbers.”
According to Blades, he says that supply chains are a big part of the recent behind a reduction of overall unit sales this year. And then he also added that smaller “rural lifestyle” tractor sales have slowed a bit.
Again Curt Blades, Senior Vice President of Ag Services at the Association of Equipment Manufacturers.