By Dan Miller
Progressive Farmer Senior Editor
Farm-equipment manufacturers are certainly aware of the challenges facing customers today, but Robert Crain doesn’t believe U.S. farmers are ready to throw in the towel.
“The larger guys are cautiously optimistic,” said AGCO’s senior vice president and general manager, Americas. He believes, however, there is positive news on the horizon for equipment manufacturers. The U.S. farming fleet is generally as old as it’s been in 10 years. “We think that presents opportunities,” he added.
FLEET REPLACEMENT AHEAD
The September 2019 equipment sales report from the Association of Equipment Manufacturers paints a mixed picture. Tractor sales were actually up through September for both 4WD and 2WD models (100-plus horsepower), 9.4% and 3.4% respectively, compared to the same period in 2018. Sales of 2WD tractors (100-plus hp) were up sharply in September by more than 19%. Sales of 4WD tractors for September were down 5%.
Combine sales through September were reported up 1.8%.