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Wednesday, May 14, 2025

U.S. Ag Tractor Sales Drop as Canadian Sales Rise

Data from the Association of Equipment Manufacturers shows Canadian sales of agricultural tractors grew 3.4 percent in April year-to-date, while sales of four-wheel-drive tractors jumped 46.3 percent during the same period. U.S. sales dropped in all categories in April 2025, with total agricultural tractor sales down 13.3 percent and combines falling 48.3 percent year-to-date. “The April report of slow tractor and combine sales is reflective of the overall softness in the ag economy,” says Curt Blades, the senior vice president of AEM. “Increased input prices, high interest rates, and global trade concerns are leading to farmers taking a more cautious approach to their capital investments.” He also said that with planting season underway, AEM remains optimistic that the ag economy will improve, leading to a strengthening of the ag equipment market. The 100-plus horsepower tractor segment saw the sharpest drop from last year, down 28 percent in April 2025 compared to April 2024.