Used tractor inventory levels in Sandhills Global marketplaces rose again in February, continuing a long-term inventory rebound that began in Q2 2022 as various pandemic-related farm equipment production and supply chain constraints began to ease.

The March update to the Ag Economy Barometer from Purdue University and CME Group saw the farm capital investment index rise 1 point in February to a reading of 43.

In the past calendar year, the manufacturers of agricultural machinery, tractors and associated software systems organized in the VDMA Agricultural Machinery Association an 18% increase in sales from German production across all segments compared with the previous year.