North American sales of high horsepower (100-plus HP) tractors declined in February, but part of the drop off was absorbed by higher sales of combines and 4WD tractors, according to the Assn. of Equipment Manufacturers February report on farm machinery sales.

In his analysis, Mircea (Mig) Dobre, analyst for RW Baird, noted that two underlying positives for ag machinery sales. “U.S. dealer inventory in absolute and days-sales terms continues to decline across large ag categories…