Tractor Sales Increase for the First Time in 2017

April 17, 2017 04:32 PM

In March, U.S. tractor sales increased 6% compared to a year ago.

According to the Association of Equipment Manufacturers’ monthly sales report, for the first time in 2017, a total of 42,033 tractors were sold, an increase of 5% year-over-year.

“We haven’t made any major equipment purchases or anything,” said Scott Henderson, a farmer from Franklin, Ind. “It’s not looking too good, but we don’t look at our balance sheet when we make an equipment purchase. We find a deal and we buy it.”

Despite the recent uptick in sales, Dr. Ernie Goss, economist for the Heider College of Business at Creighton University, says it’s still going to be a tough road ahead in 2017.

“Farmers [are] saying, ‘Let’s take a cautious approach’ because their income is down and some are negative,” said Goss. “The dealer is selling garden products and lawn products, but big $500,000 of ag equipment, it’s not as strong.”

Larger four-wheel drive tractors increased 21% for the month, while combine sales for the year are down 16% from levels last year. 

Back to news

Million Dollar Wildfire Relief Challenge

Click here to learn more about the Million Dollar Wildfire Relief Challenge, and see how you can help in the rebuilding effort.




Spell Check

No comments have been posted to this News Article

Corn College TV Education Series


Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!


Market Data provided by