Farm Equipment Sales Strong in March
Farm equipment sales in the US continued to grow last month, and for the first quarter of the year. The Association of Equipment Manufacturers reports tractor sales rose 81 per cent in March, over the same month last year, while combine sales went up 6.7 per cent.
For the first three months of the year, sales are up 52 per cent for farm tractors and 16.5 per cent for combines.
In fact the Association says tractors sales have now gone up for 11 months in a row, with the biggest year over year gain in smaller machines - sales jumped 96 per cent for tractors with less than 40 horsepower, and 58 per cent for 40 to 100 horsepower tractors.
According to Association Senior Vice President Curt Blades, “The strength of ag tractor and combine sales this month, driven largely by small tractors, but showing strength across all size classes, reinforces the optimistic findings of a survey we shared earlier this year. That survey found increased customer demand has manufacturers optimistic sales will increase or remain stable, despite COVID-19 and workforce challenges in 2021.”