tractor sales

U.S. Ag Tractor Sales Hold Steady in July

Dan Economy

tractor sales

Gains in larger and four-wheel-drive tractors offset smaller declines in the sub-40 horsepower range in the U.S. in July.

The Association of Equipment Manufacturers says U.S. total farm tractor sales fell 0.8 percent in July compared to 2020, while U.S. combine sales jumped 19.2 percent. The articulated four-wheel drive segment led the way for the third straight month by climbing 79.4 percent.

Year-to-date farm tractor sales remain up 13.7 percent and combines up 12.6 percent.

AEM’s Curt Blades states, “The story of these row-crop and articulated four-wheel-drive sales is a reflection of farmer optimism,” adding “farmers don’t make these sorts of investments without serious consideration of future market conditions.”

(From the National Association of Farm Broadcasters)