Ag Equipment Sales Remain Robust

Overall unit sales of both ag tractors and combines continue their growth above an already-hot pace set in 2020, according to the latest data from the Assn. of Equipment Manufacturers (AEM). Mircea (Mig) Dobre, an analyst with Baird Equity Research, noted that while “growth remains robust, inventories linger near trough levels during seasonally important harvest.”

U.S. large ag retail sales were up 15.9% year-over-year in October, and Canada was up 25.2% on a much easier…

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