March Tough Month for Domestic Agricultural Equipment Sales

MILWAUKEE, WI – The economic hit the country is experiencing has hit the farm gate. According to the latest data from the Association of Equipment Manufacturers (AEM), sales of tractors and combines fell in March, across the board. For the month, total tractor sales decreased 15.6 percent compared to 2019 while combine sales fell 11.9 percent. That includes decreases in all segments, with combines and 40-100hp tractors (-15.2 percent) performing the best. Farm machinery sales outperformed the domestic auto and light truck market where the U.S. Bureau of Economic Analysis shows March automotive unit sales have fallen nearly 42 percent overall.