Association of Equipment Manufacturer

December sales of 2-wheel drive 100+ HP tractors were up 24%, while 4-wheel drive tractors were up 18%. Combine sales were up 35% for the month and 25% for the year.

The improving farm financial situation is benefitting the ag equipment sector, and as a result, tractor sales continue to do well.

With federal pandemic aid in their hands, farmers and ranchers borrowed far less money than usual from ag bankers during the first quarter of this year on operating expenses.

Association of Equipment Manufacturer reports seven months in 2018, nearly 145,000 tractors were sold which compares to almost 135,000 last year, a 7% increase.

Good news in ag. Since last May, sales in tractors has increased to 17%. Tyson Foods is investing in new startup businesses dealing with meat-like products.