Ag Equipment Sales Grow, Despite Supply Chain Issues

Despite supply chain issues, the Association of Equipment Manufacturers (AEM) released data that shows tractors and combine sales are increasing, surpassing 2020 sales data. October boasted a 4.8% increase in total farm tractor sales and self-propelled combines climbed a whopping 72.9%. Harvester sales continue to grow, with October marking the fourth month in a row that sales climbed near or above 20%. Meanwhile, year-to-date tractor sales grew by 23.4%. Sales were also positive in Canada, mainly among 4WD, combine harvesters and tractors. AEM says they are pleased to see ag equipment sales remain positive despite unprecedented supply chain stress. Read more on ag equipment sales.