Home Indiana Agriculture News 2017 Farm Equipment Sales Up

2017 Farm Equipment Sales Up

SHARE

Sales of farm tractors and combines increased in 2017, up 5 percent and 4 percent, respectively. The association of Equipment Manufacturer’s latest monthly sales report found the sale of all tractors in the U.S. in December 2017 were up 18 percent compared to the same month last year. For the twelve months in 2017, a total of 220,500 tractors were sold which compares to 211,000 sold through December 2016, representing a 5 percent increase for the year. Sales of small, two-wheel drive tractors increased 5 percent, but sales of 40-100 horsepower tractors declined 2 percent, and 100 horsepower and higher two-wheel drive tractors decreased 7 percent.

Meanwhile, four-wheel drive tractor sales increased 18 percent on the year. Combine sales were down 3 percent for the month. Sales of combines for the year total 4,112, an increase of 4 percent from 2016.

Source: NAFB News Service