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Ag Equipment Sales Start Strong in 2021

February 15, 2021 | Posted in Equipment & Equipment Sales

U.S. large ag retail sales were up 12.9% year-over-year in January, while Canadian sales were up 38%. Combined U.S./Canada large ag sales were up 15.4% (vs. up 11.3% in December), marking the fifth consecutive month with growth of over 9%.

Art's Way Reports FY20 Ag Sales Down 3.1%

February 5, 2021 | Posted in Earnings Reports

Consolidated net sales totaled $22,409,000 for the 2020 fiscal year, which represents a 2.1% decrease from consolidated net sales of $22,889,000 for the 2019 fiscal year.

Ag Equipment Sales Strong in December

January 15, 2021 | Posted in Equipment & Equipment Sales

Sales growth decelerated from a November high but remained robust. U.S. large ag retail sales were up 14.1% year-over-year in December, while Canadian sales were down 1.8%. Combined U.S. and Canada large ag sales were up 11.3% (vs. up 17.7% in November), marking the 5th month in 6 with growth over 9%.

Large Ag Equipment Sales Grow in November

December 15, 2020 | Posted in Equipment & Equipment Sales

Large ag equipment sales growth reaccelerated during a seasonally slow month, according to the latest numbers from the Assn. of Equipment Manufacturers.

October Large Ag Sales Robust

November 13, 2020 | Posted in Equipment & Equipment Sales

Overall tractor unit sales continued their growth across North America in October 2020 despite a small pause in larger units in Canada, according to the latest data from the Assn. of Equipment Manufacturers (AEM).

AGCO Reports Sales Up 18.4% in 3Q20

November 12, 2020 | Posted in Earnings Reports

In its third quarter earnings for the year, AGCO reported total sales of $2.5 billion dollars, up 18.4% from $2.1 billion in the third quarter of 2019. For the first 9 months of 2020, total sales were $6.4 billion, down 1.5% from $6.5 billion in the same period last year.

Ag Sales Pick Up Steam in September

October 15, 2020 | Posted in Equipment & Equipment Sales

September large ag equipment sales were up 9% in the U.S. and 11.9% in Canada, according to sales figures release by the Assn. of Equipment Manufacturers.

Large Ag Equipment Sales Mixed in August

September 14, 2020 | Posted in Equipment & Equipment Sales

U.S. large ag retail sales were down 3.7% year-over-year in August, while Canadian sales were up 8.3%, according to the latest numbers from the Assn. of Equipment Manufacturers.

Second Quarter Ag Equipment Sales Beat Expectations

By Dave Kanicki posted on August 28, 2020 | Posted in Analysis & Commentary

Recent quarterly earnings reports for the major farm machinery manufacturers were described as either “better than expected” or “could have been worse,” according to several industry analysts. This is to say, at least, AGCO and Deere exceeded analysts’ expectations. (CNH Industrial didn’t.)

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Big Ag Sales Slip in May, Small & Mid-Ag Solid

June 15, 2020 | Posted in Equipment & Equipment Sales

North American large ag equipment sales declined 20.1% in May, following April’s 11.1%drop. Mid-range and compact tractor sales were robust for the month, up 9.3% and 18.1%, respectively.

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