The farm equipment market struggled in 2025, with sales of large machinery such as four-wheel-drive tractors, high-horsepower tractors and combines dropping roughly 35%-45% compared to 2024. Weak commodity prices, ongoing tariff impacts and elevated machinery costs contributed to the downturn, leading farmers to defer new purchases and hold onto existing equipment.

Still, there’s cautious optimism heading into 2026 that the market will pick back up. Dealers and industry observers describe 2025 as potentially the bottom of the cycle, with used equipment activity rising slightly and buyers having more negotiating leverage. While the market isn’t expected to rebound to past highs soon, stabilized prices and renewed demand this planting season could help normalize sales.

Read more on the farm equipment market heading into 2026.