Ag tractor and combine sales posted their first decline in March since July 2021, according to the Association of Equipment Manufacturers.
U.S. total farm tractor sales fell 21.1% for the month of March compared to 2021. U.S. combine sales for the month dropped 10.2% to 343 units sold.
Total farm tractor sales are now down 7.9% year-to-date, while combines sales are down 19.2%.
AEM’s Curt Blades says they expected the declines, adding, “Inventory levels are down more than 10% in both the U.S. and Canada, and this is the result of supply chain difficulties catching up with this segment of the manufacturing industry.”
