According to new data from the Association of Equipment Manufacturers, U.S. farm tractor unit sales extended their growth streak to 11 straight months.
U.S. total farm tractor sales rose 84.1% in March compared to 2020. Meanwhile, U.S. combine sales grew 6.7%.
Curt Blades, AEM Senior Vice President of Ag Services, says, “It’s not just the length of time of this growth streak, but the size of growth that makes me feel optimistic this will continue past the 12-month mark.”
A recent survey by AEM found increased customer demand has manufacturers optimistic sales will increase or remain stable, despite COVID-19 and workforce challenges in 2021.
(From the National Association of Farm Broadcasters)