Ag Equipment Sales Remain Weak

North American large ag equipment sales remained weak in July, with 4WD tractor sales down 43.3% year-over-year and combine sales down 23.2% following an outlier positive month in June (+12.9%), said Mircea (Mig) Dobre, an analyst with RW Baird in a note to investors. While compact and mid-range tractor sales have been the bright spot, Dobre said “Compact and mid-range tractor inventories are at all-time highs with risks building.” July 2016 marked the 30th month…

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