Despite supply issues, tractor sales continue to climb
With the Southeast Regional Ag News, I’m Haylie Shipp.
Got a tractor for Valentine’s Day? Me niether. But, looking at recent sales trends, it looks like someone might have it…even if they bought it for themselves. Overall farm tractor sales in the United States continued to increase through January 2022. This continued an upward trend that we began seeing in June 2020.
According to the Association of Equipment Manufacturers, total agricultural tractor sales in the United States increased 1.5% for the month of January compared to 2021.
What kind of tractor do people buy?
The 2WD over 100 horsepower segment led all segments with a 10.8% gain, followed by the 2WD under 40 horsepower segment up 2%. Mid-range tractors between 40 and 100 horsepower fell 2.8%.
According to Curt Blades, senior vice president, industry sectors and product leadership at the Association of Equipment Manufacturers. “The strength of agricultural markets and farmers seeing the value of new technologies on offer are driving demand. At the same time, lingering supply chain effects remain a concern.
He went on to explain that they started seeing this upward sales trend in June 2020 and, despite the pandemic, the trend has reliably remained above the 5-year average ever since.