Equipment Sales Turn Positive

North American large ag equipment sales turned positive with 10% year-over-year growth in February (U.S. +13%) after 36 months of consecutive declines, according to Mircea (Mig) Dobre, an analyst with RW Baird. 4WD tractor sales were down, but combines and row-crop tractors were up double digits. “February was a below-average month for sales but growth is encouraging, as we highlighted in last month’s retail sales that we needed to see growth turn soon for Deere…

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