North American ag equipment retail sales grew across all categories in December. Year-over-year comparisons were positive for all equipment categories. “Retail sales were likely helped by the expected expiration of bonus depreciation incentives at the end of 2012. Importantly, bonus depreciation was extended through 2013 as a part of the American Taxpayer Relief Act,” notes RW Baird analyst Mircea (Mig) Dobre.

Year-over-year, row-crop, 4WD, mid-range and compact tractor sales increased 18.6%, 37.1%, 4.2%, and 13.5%…