News

October farm equipment sales “cause for caution”

An official with the Association of Equipment Manufacturers says the latest U.S. farm equipment sales figures are cause for caution in the ag sector.

AEM’s October data shows a more than three percent decrease in overall tractor sales compared to last year.

Senior vice president of ag services Curt Blades says AEM is hoping a return to stability in global trade policies and practices occurs soon in order to ease uncertainty for farmers, and ultimately ag equipment manufacturers.

October did see an eight percent increase in self-propelled combine sales, but both two and four-wheel drive tractor sales slipped.  The largest decrease was in the 40 to 100 horse-power category.