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Balanced Reporting. Trusted Insights.
Monday, June 27, 2022
Sales of agricultural tractors and combines in March dipped from the same month last year, as farmers and equipment companies grapple with the impacts of an inconsistent supply chain.
Tractor and combine sales had a strong month in September, posting year-over-year gains across many of the categories tracked by a monthly report maintained by the Association of Equipment Manufacturers.
High demand for farm equipment and issues in the supply chain mean that orders for new machinery from a number of companies are taking months to fill and prices for used equipment have gone up.
Farm equipment sales finished 2020 by exceeding the previous year’s figures across a variety of categories, according to data from the Association of Equipment Manufacturers.
Last year was a good one for combine and tractor sales, with small tractor sales and self-propelled combines leading the way, according to the Association of Equipment Manufacturers' December U.S. Ag Tractor and Combine Report.
