Ag equipment sales have struggled over the last year, and the situation does not appear to be improving.
Tractor and combine sales fell nearly 14 percent last month. The Association of Equipment Manufacturers shows that tractor models with 100 or more horsepower were down 19 percent on the year, four-wheel drive sales dropped 20 percent, and combine sales are down nearly 40 percent.
Numbers were down across the board in February, too. AEM says the driving factors are low crop prices and a lot of unknowns.
Related Stories
API said it stands ready to work with Congress to develop a balanced approach to E15 legislation that promotes fuel choice, supports investment certainty, and contributes to a stable and fair marketplace for American consumers.
Over the past decade, Tractor Supply has expanded its support through sponsorships and youth programs, all part of its broader mission to invest in the future of agriculture.
Understanding how these tax provisions interact will be key for farmers planning long-term equipment purchases or transfers within the family.
Slightly higher output amid softer gasoline pull points to steady corn grind — watch regional stocks and export pace for basis clues.
Having a good read on fuel prices is a must during harvest, but one analyst says grain farmers should also be watching the crude oil markets.
Tune in on Wednesday, October 22 —
7:30 PM ET | 6:30 PM CT | 5:30 PM MT | 4:30 PM PT
7:30 PM ET | 6:30 PM CT | 5:30 PM MT | 4:30 PM PT
