Farm Tractor Sales Finish 2020 Higher

Clint Thompson Economy

Image by ArtTower from Pixabay

Farm tractor and combine sales finished the year with solid growth across the U.S. The Association of Equipment Manufacturers (AEM) reports U.S. total farm tractor sales rose 26.8% in December compared to 2019, while U.S. combine sales fell 1.9%.

U.S. four-wheel-drive units fell slightly in December, down 3.7%, with year-to-date sales finishing up 3.7%. 100+hp posted healthy growth in December, up 21.8%, finishing the year up 3.2%. Total year-to-date farm tractors out the door are up 17.9% in 2020, while combines finished 2020 up 5.5%.

AEM’s Curt Blades says, “Despite uncertainty in the overall economy, the Ag equipment market has been pretty strong.”

(From the National Association of Farm Broadcasters)