News 
 National Rural News 
 Machinery and Equipment 
 General 
 2010 looks to be a slow year for US machinery sales 

2010 looks to be a slow year for US machinery sales

25 Jan, 2010 10:11 AM
THE historic economic slowdown hit everyone including United States machinery makers, but the industry seems to be hanging in there, despite its losses in 2009 and expected weakness this year.

The US Association of Equipment Manufacturers' (AEM) most recent survey predicts a slow 2010 for most machine types, in part because of weaker world demand due to recession.

Manufacturers anticipate overall continued weakness in US and Canadian tractor sales in 2010.

Double-digit decreases are expected for big ticket items like four-wheel-drive tractors, following relatively flat business in 2009.

Combine harvester sales are predicted to drop in the double digits for 2010 after 2009 sales growth.

The slow sales forecast parallels US farm income figures.

US Department of Agriculture figures show net farm income declined 34.5 per cent in 2009.

The overall level of farm-business equity capital is expected to have fallen in 2009, as farm sector asset values declined by 3.5pc.

The good news is that unit sales are expected to be better in 2010 compared to 2009, and then continue to climb toward positive growth territory in following years.

Sales of tractors and combines are predicted to start rebounding through 2011 and 2012.

Combine sales in 2010 are expected to decrease 12pc in the US, followed by a 7pc drop in 2011 and no growth in 2012.

A similar pattern is seen for Canadian combine sales - an expected 2010 decline of 13pc, a 2011 decrease of 8pc and no growth in 2012.

Sales of four-wheel-drive tractors in 2010 are predicted to decline 19pc in the US and drop 18pc in Canada.

In the US, business is then expected to increase 2pc in 2011 and 3pc in 2012.

For Canada, 2011 business is anticipated to be flat, with a modest 4pc gain following in 2012.

Print
Increase Text Size
Decrease Text Size

comments


No comments yet. Be the first to comment below.

post a comment


Screen name  *
Email address  *
Remember me?
Comment  *
 
We invite and encourage our readers to post comments. Comments are moderated and will appear as soon as our editor has approved them. When posting comments you agree to be bound by our Terms and Conditions.
Related Coverage
ARTICLES
MULTIMEDIA
22 January, 2010
POLL
Q: What is the biggest challenge currently facing Australian agriculture?

Animal activists
(9.6%)

Poor urban perceptions
(8.9%)

Red tape
(6.6%)

Low farmgate prices
(39.1%)

Carbon emissions policies
(10.6%)

Property rights
(15.6%)

Other
(9.5%)

Total Votes: 861
Poll Date: 24 January, 2010
BLOGS
20 January, 2010

Most popular articles

ELDERS NEWS MREC FW

Irwin Hunter 160x160
 
Banjawarn Station


Farm Weekly







Weather brought to you by:

Weatherzone

Classifieds

Front Page

Current Issue
Privacy Policy | Conditions of Use | Advertising Terms | Copyright © 2012. Fairfax Media.
 SEND...
 SAVE...
 SHARE...