U.S. tractor and combine sales increased last month, according to the latest monthly measure by the Association of Equipment Manufacturers.
The association’s monthly report shows sales of all tractors in the U.S. during May increased 17% compared to the same month last year.
For the five months in 2018, a total of 96,700 tractors were sold which compares to 92,100 sold through May 2017, representing a 5% increase for the year.
Farmers purchased 20% more two drive tractors under 40 horsepower in May, compared to last year, along with 20% more two-wheel-drive 100-plus horsepower tractors.
However, sales of four-wheel drive tractors were down 6% for the month.
For the year, two-wheel drive tractors under 40 horsepower are up 6% from last year, and sales of four-wheel drive tractors are up 2%.
Combine sales were up 52% for the month.
Sales of combines for the year total 1,550 compared to 1,225 in 2017, a 27% increase.