Despite inflation, total U.S. ag equipment sales rose above the five-year average for the first time since April.
Self-propelled combine sales grew more than 25 percent selling 790 units, which is a three-month growth streak for that category. 100+ horsepower two-wheel-drive tractors grew nearly 12 percent. During August, farm tractor sales fell nearly 12 percent from year ago levels, and mid-range tractors were down more than 7 percent.
Curt Blades with the Association of Equipment Manufacturers spoke with RFD-TV’s own Janet Adkison about what is contributing to the trend, if combine sales are being contributed to harvest season kicking off, and what he expects moving forward as we cope with inflation.
For more information, click HERE.
Related:
Tractors Fly Off the Lots in Latest Farm Equipment Sales Trends
U.S. equipment sales on the rise, according to AEM flash report
John Deere precision ag equipment sales are expected to grow more than 30%
