Sales Decline Accelerates in October

The decline in large ag equipment sales accelerated in October — a seasonally important month — despite easier comparisons, with 4WD tractors sales falling 40.1% year-over-year, combine sales down 40.3% and row-crop tractors down 17%, according to the latest numbers released by the Assn. of Equipment Manufacturers.

Mircea (Mig) Dobre, analyst with RW Baird, commented in a note to investors that mid-range tractors continue to show relative strength increasing 6.4% year-over-year following a 28.1% increase…

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