Farm equipment makers continue to face challenges in the U.S. agricultural sector, with tractor sales falling, even as Canadian sales gain momentum thanks to supportive policies.According to recent data from the Association of Equipment Manufacturers (AEM), tractor sales in the United States dropped nearly 12% in May compared to the same period last year. Specifically, sales of both two-wheel and…

As reported by The Western Producer, Sales of new farm machinery across North America have been falling steadily since 2021, forcing both major manufacturers and smaller short-line companies to cut production and lay off workers.According to Saskatchewan farmer and ag industry veteran Ben Voss, this decline goes beyond weak commodity prices or lower farm income. He believes the industry is facing…

Farm Credit Canada (FCC) had recently released a report indicating that farm equipment sales in Canada are projected to decline throughout 2025. The slowdown in the market is being attributed to several factors, including low commodity prices, high equipment costs, and lower overall profits for farmers.Leigh Anderson, senior economist at FCC, explained that farmers are increasingly focused on…