News

Low horsepower tractors selling well

Sales of tractors under 40 horsepower were up 33 percent in March, and are up 26 percent year-to-date.   The Association of Equipment Manufacturers says 2 wheel drive tractors between 40 and 100 horsepower sold 10 percent better this March compared to a year ago.  That, however, is not the case with high horsepower tractors.  Sales of two-wheel-drives over 100 horsepower fell 32 percent. January to March sales in that category dropped 38 percent compared to the same quarter a year ago.

Sales of the smaller tractors benefit from a broad customer base in smaller acreage farms and some livestock operations.  Meanwhile, sales of larger equipment are significantly lower than a year ago because of lower commodity prices.  There’s also a big inventory of used equipment.