Despite Supply Issues, Tractor Sales Continue to Climb
Did you get a tractor for Valentine’s Day? Me neither. But, looking at recent sales trends, it looks like somebody may have…even if they bought it for themselves. Overall ag tractor sales in the U.S. continued rising into January 2022. This continued an upward trend that we first started seeing in June of 2020.
According to the Association of Equipment Manufacturers, U.S. total farm tractor sales gained 1.5 percent for the month of January compared to 2021.
What type of tractor are people buying?
The 100+ horsepower 2WD segment led all segments with a 10.8 percent gain, followed by the sub-40 horsepower 2WD segment up 2 percent. Mid-range tractors between 40 and 100 horsepower fell 2.8 percent.
According to Curt Blades, senior vice president, industry sectors & product leadership at the Association of Equipment Manufacturers. “The strength of ag markets and farmers seeing the value in the new technologies on offer is driving demand. At the same time, the lingering effects of the supply chain remain a concern.”
He went on to explain that they started seeing this higher sales trend in June of 2020 and, despite the pandemic, the trend has reliably remained above the 5-year average ever since.