In the first quarter of 2021, total farm tractor unit sales were up more than 50 percent in the U.S. and nearly 60 percent in Canada, according to the latest Agricultural Equipment Manufacturing Ag Tractor Combine Report.
“For the last 12 months, we’ve seen a dramatic rise in the under-40 horsepower, or small tractor sales in North America, both the U.S. and Canada,” said Curt Blades, senior vice president of ag services with AEM. “This is due largely to a lot of the industries that have done well during COVID-19, like luxury items or things that have to do with the home.”
Small tractors fall into that category. Small tractor sales are spiking as they head to suburbs with larger lots to help homeowners haul rocks and dirt, work around trees, and improve their property.
Later in 2020, larger row-crop and articulated four-wheel-drive tractors also enjoyed rising sales numbers. Over the last five years, the average age of the ag fleet grew in both the U.S. and Canada.
As commodity prices rose and trade difficulties eased, not only is the replacement market doing well, but farmers are upgrading their operations with newer technology.
