Retail sales of farm tractors less than 40 horsepower were up 26.2 percent last month compared to February of 2015. The Association of Equipment Manufacturers says the numbers show a strong start to 2016 and a continuation of last year’s trend with year-to-date growth of 19.7 percent. Retail sales for 2WD tractors of 40-100 horsepower grew by 5.8 percent in February compared to last year bringing the year-to-date growth to minus .9 percent. However, AEM notes that there continues to be volatility in this tractor segment. The expected decline in 2016 farm income and in particular the 4.3 percent decline in livestock receipts will be challenging. Larger production agriculture farm equipment such as the two wheel drive 100 horsepower and up category continued its double-digit declines. The four wheel drive farm tractor segment declined by single digits in January; however, the February report revealed a 43.6 percent decline year over year.
Welcome
