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U.S. Total Farm Tractor Sales Drop in May

Dan Economy

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Sales in the under-40 horsepower tractor category pulled total U.S. farm tractor sales negative, while all other segments continued with strong growth. The latest data from the Association of Equipment Manufacturers shows that U.S. total farm tractor sales fell 3.9 percent in May compared to 2020, making it the first overall negative sales result in a year.

Only the sub-40 horsepower segment saw a decline in year-over-year sales, dropping 8.9 percent, but that was enough to bring a negative result to total farm tractor unit sales. All other segments were positive, with the biggest gains in the articulated four-wheel-drive segment, up 62 percent to 253 units sold. The mid-sized 40-100 horsepower units were up 6.7 percent, and the 100-plus horsepower two-wheel-drive tractors were up 28 percent. Year-to-date farm tractor sales remain up 25.8 percent.

“While the sub-40 segment fell a bit, they’re still up a strong 26 percent year-over-year to date,” says Curt Blades, Senior Vice President of Ag Services with AEM.

(From the National Association of Farm Broadcasters)