The slump in ag equipment sales does not appear to be improving with U.S. tractor sales falling nearly 14% last month. Many pointing to low crop prices and market unknowns are driving factors.
Curt Blades with the Association of Equipment Manufacturers spoke with RFD-TV’s Tammi Arender on the drop in sales, contributing factors, and supply and demand.
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Sales improved in October, while total tractor and combine sales continued to decline.
Creighton economist Dr. Ernie Goss says farmland values and cash rents remain solid, but weak equipment sales and transportation costs challenge farm country.
Producers and industry leaders gathered at Montana State University to explore new technology for farming and ranching.