Large Ag Equipment Sales Improving

Large ag equipment sales grew again in April, largely due to strong demand in Canada for combines and 4WD tractors, says Mircea (Mig) Dobre, senior research analyst with Baird. “Row-crop tractors were soft in the U.S. and Canada, though positively, declines narrowed in the U.S. and inventory continued to tighten with DOS [day sales for inventories] lower year-over-year,” he says. March and April are both above average sales months and both had positive year-over-year sales…

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