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Balanced Reporting. Trusted Insights.
Thursday, April 03, 2025
The Chinese Ministry of Finance unveiled its response to new U.S. duties that went into effect Tuesday morning, announcing new tariffs beginning next week on agriculture machinery, but leaving soybeans and other agricultural commodities unaffected.
North American sales of some tractors have increased this year from 2023 levels while total farm tractors saw a small decline, according to the latest monthly data from the Association of Equipment Manufacturers.
A representative of the nation’s largest farm equipment companies is pointing to supply chain challenges as a driving force behind issues getting new tractors into the hands of American producers.
High demand for farm equipment and issues in the supply chain mean that orders for new machinery from a number of companies are taking months to fill and prices for used equipment have gone up.
The Association of Equipment Manufacturer’s Ag Tractor and Combine Report shows that total farm tractor sales reported for May were down 3.9% compared to 2020 figures.
Tractor sales growth continued for the 11th straight month in March, closing out the quarter with nearly 55% growth in total tractor sales over 2020 figures.
Last year was a good one for combine and tractor sales, with small tractor sales and self-propelled combines leading the way, according to the Association of Equipment Manufacturers' December U.S. Ag Tractor and Combine Report.
U.S. sales of tractors and combines remained positive at the mid-year mark, with all machine categories in the plus column, according to the latest data from the Association of Equipment Manufacturers.
