Overall U.S. sales of tractors and combines continued to post strong numbers, led by combines and four-wheel-drive tractors, according to the July 2018 report from the Association of Equipment Manufacturers. July U.S. sales of combines gained 37 percent compared to last year, with year-to-date growth of nearly 24 percent compared to last year’s January-July numbers. U.S. sales of four-wheel-drive tractors …
Equipment Sales Show Ag Optimism Tied to Policy Promises
A new industry report suggests improvements in optimism in agriculture is fueled by discussions over federal tax and regulatory reform. Farm Policy Facts reports policy experts are hopeful the momentum will continue, especially if Congress makes sound decisions regarding farm policy, which provides a foundation for the rural economy. Agricultural equipment sales have increased for six straight months, and the …
Farm Machinery Markets Beginning to Stabilize
A DTN article says signs are showing that the farm machinery industry is starting to stabilize after prices had been free falling for some time. “We are seeing signs that after several years of steep declines, key agricultural markets may be stabilizing,” says Samuel Allen, John Deere Chairman, and CEO. That doesn’t mean farmers have started to replace the equipment …