North America large ag equipment sales declines continued in May, with 4WD tractor sales down 30.5%, combine sales down 17.9% and row-crop tractors down 31.9%, according to the latest numbers from the Assn. of Equipment Manufacturers.
The decline in large ag equipment sales accelerated in October — a seasonally important month — despite easier comparisons, with 4WD tractors sales falling 40.1% year-over-year, combine sales down 40.3% and row-crop tractors down 17%, according to the latest numbers released by the Assn. of Equipment Manufacturers.
While strong demand for grain commodities for food and fuel has kept the manufacturers that produce big farm machinery largely insulated from the economic collapse that has pummeled nearly every other industry, one analyst believes the U.S. recession may finally be catching up with ag equipment.
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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.