Year-to-date tractor sales are now almost 15% up on last year, while combine harvester sales are 37% higher than last year.
Retail sales of agricultural equipment during March 2022 were as follows:
March tractor sales of 641 units were 5% more than the 611 units sold in March last year. Year-to-date tractor sales are now almost 15% up on last year. Forty-three combine harvesters were sold in March, 14 units more than the 29 units sold in March last year. On a year-to-date basis combine harvester sales are now 37% up on last year.
With good crops on the land and good commodity prices, market demand for agricultural equipment continues to be encouraging. In certain cases, equipment supply issues prevail, which means that the availability of some machines may be delayed. Farmers too are facing supply issues, particularly in regard to seed and fertilizer availability and input costs have risen in response to worldwide supply and demand.
Industry forecasts for the 2022 calendar year are that tractor and combine harvester sales will be similar to those in 2021.