Tractor Sales Skyrocketing

U.S. farm tractor sales continued their 11-month climb, with March sales 84.1% higher than the same month a year ago, recent industry data show. Combine sales grew by 6.7% in the same timeframe. The growth — both in its size and longevity — is not only a sign of general farmer optimism in the ag marketplace but also gives reason the market will continue to increase well past the 12-month mark, even in the face of lingering industry challenges around logistics and the labor force stemming from the COVID-19 pandemic. The largest sales gains were in small tractors under 40 horsepower, which almost doubled, climbing 96.5% year-over-year in March, while larger row crop tractors over 100 hp saw sales numbers rise 63.5% in the latest Association of Equipment Manufacturers sales data. See more from the latest data, all distinct changes from the same AEM data a year ago.