Canadian farmers bought more farm equipment in 2021 compared to the year before, according to the Association of Equipment Manufacturers. Both tractor and combine sales stayed above a 20 per cent growth rate.
The association says Canadian farmers purchased 30,500 new tractors from January to November of 2021, up 20.5 per cent from 25,309 in the same time period the year before.
The majority of the tractors were less than 40 horsepower, but sales of all tractor sizes were up. There were 3,361 farm tractors with 100-plus horsepower sold between January and November of 2021, 30.2 per cent higher than the 2,581 sold within the same time frame in 2020.
Self-propelled combine sales saw an even greater increase. There were 1,655 sold from January to November of 2021, a 28.1 per cent rise from 1,292 sales in 2020.
The first few months of the pandemic weren’t great for sales, but they never dropped as low as in 2016, the lowest year for tractor sales since 2011. After May of 2020, purchases shot up and have been at an increase since.
