Replacement Demand Spurs Sales Growth

Large ag equipment sales growth continued in November, although moderated from the highs reported in October to +5%, according to the latest numbers released by the Assn. of Equipment Manufacturers.

Row-crop tractor demand increased in both the U.S. and Canada, while 4WD (U.S. down, Canada up) and combine (U.S. up, Canada down) were mixed, says Mircea (Mig) Dobre, analyst with RW Baird. “Inventories dropped substantially across large ag categories in absolute and days-sales terms after…

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