Big Tractor Sales Trends Look a Lot Like Farmers’ Net Income Trends

If you read the article on farm net income that occupied this space last week, you might see a remarkable similarity to the route that big (row-crop and 4WD) tractor sales has been on the past few years.  (See “Lower Expenses, Increased Value of Ag Production Projected to Improve Net Farm Income in 2019.”)

In that article, it was pointed out that USDA’s Economic Research Service had updated its farm profitability projections for…

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