Ag equipment sales were up for the month of February compared to a year ago with an 18% increase in tractors and a 22% increase in combines.
“With the really big bright spots being under 40 horsepower tractors are seeing a significant growth, kind of continuing on with the growth we have had the last 18 months. But, we’re about 20% up year over year with under 40 horsepower tractors and then compared to February of last year we’re up about 25% month over month.”
Curt Blades with the Association of Equipment Manufacturers says a replacement market and optimism of farmers towards the future is driving the increase, but current ag industry issues could sway those numbers downward in future reports.
Continue reading National tractor and combine sales up in February at Brownfield Ag News.
