June sees ‘nice bump’ in combine sales
With your southeast regional farm newspaper, I’m Haylie Shipp. It is the agricultural information network.
There are a lot of questions right now about our economy – agricultural and otherwise – but there has recently been a positive indicator in combine sales. Curt Blades is the Senior Vice President of Agricultural Services for the Association of Equipment Manufacturers…
“A farmer has to feel good about his business to invest three-quarters of a million dollars in a new combine harvester. So we saw a nice increase in combined sales month-over-month for June 2022, but that’s about 5% less than we were at the same time last year. What’s driving this demand is that farmers are always looking for ways to be more efficient, and the latest combine technology is certainly enabling farmers to be more efficient, whether it’s being able to put more acres under a machine or just to be able to run that machine more efficiently. Many factors explain why a farmer buys new equipment, and this is reflected in the numbers.
According to Blades, he says supply chains are a big part of the recent behind a reduction in overall unit sales this year. And then he also added that sales of small “rural lifestyle” tractors had slowed down a bit.
Again Curt Blades, Senior Vice President of Agricultural Services at the Equipment Manufacturers Association.