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Machinery sales continue COVID-year climb
Story Date: 10/19/2020
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Source: Dan Miller, PROGRESSIVE FARMER, 10/16/20
March looked bleak for machinery sales as COVID-19 took hold of work and home life in the United States. The Association of Equipment Manufacturers (AEM) reported that March 2020 farm tractor sales fell 15.6% compared to March 2019. Retail sales of self-propelled combines declined 11.9%. First quarter 2020 tractor sales, including all two-wheel and four-wheel drive tractors in all horsepower ranges declined 7.6% -- and that number would have been far worse with sales of compact and sub-compact tractors. Combine sales declined 18.1% in the first three months of 2020.
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