Even through supply chain disruptions, nearly 360,000 total tractors and combines left dealer lots in North America last year. Both the U.S. and Canada saw gains of more than 10% in nearly every equipment segment according to the Association of Equipment Manufacturers. Dominating the U.S. were 100-plus-horsepower two-wheel-drive tractors, growing by more than 24%. Four-wheel-drive tractor sales were up more than 18%.
Meanwhile in Canada, even the slowest-selling segment of 40- to 100-hp two-wheel-drive tractors grew a notable 14.4%. The record-breaking sales in both countries come after several consecutive challenging years through the COVID-19 pandemic and low commodity prices. Looking at 2022, optimism persists as the farm economy continues to show positive movement and growth.
Read more on equipment sales here.
Featured
-
Iowa Finishes Corn and Soybean Harvest With Optimistic Yield ResultsDecember 1, 2023 -
U.S. Commodity Exports Higher on the Grains, Lower on Meat in NovemberDecember 1, 2023 -
USDA Increases Net Farm Income Projections, Still Lower in 2024December 1, 2023 -
Illinois Cover Crop Program Now Accepting ApplicationsDecember 5, 2023 -
Early Prevention, Treatment Key to Managing Pinkeye in Dairy HerdsNovember 30, 2023