In its annual summary of farm production expenditures, the USDA reported last month that total estimated expenditures in the continental U.S. for 2022 rose to $453.7 billion, up approximately 15% from a 2021 level of nearly $393 billion. Expenditures for tractors and self-propelled farm machinery were $19.1 billion in 2022, or 4.2% of total expenditures, an increase of about 8.5% year-over-year. The “other farm machinery” line item ranked 15th at $7.8 billion, or 1.7% of…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.
