MILWAUKEE, WI — Sales of agricultural tractors and combines in the United States and Canada showed mixed results in February as farmers continue to navigate evolving market conditions while investing in productivity-enhancing equipment.
According to the latest data from the Association of Equipment Manufacturers (AEM), U.S. sales of agricultural tractors declined across most horsepower categories in February compared to the same month last year, while combine sales posted modest growth.
“Farmers remain focused on managing input costs while maximizing productivity,” said Curt Blades, senior vice president of industry sectors and product leadership at AEM. “While equipment purchases tend to follow broader farm income cycles, the long-term outlook for modernizing fleets and adopting advanced technologies remains strong.”
United States Equipment Sales
In the United States, agricultural tractor sales declined compared to February 2025, with the most significant declines occurring in the under-100 horsepower categories. Higher horsepower tractors also experienced softer demand as producers continue to evaluate capital purchases amid changing commodity prices and interest rate pressures.
Total farm tractor sales in the United States declined 12.2% in February, with 9,804 units sold compared to 11,167 units in February 2025.
Breaking down the U.S. tractor market by horsepower:
- Under 40 HP tractors declined 11.5% in February, with 6,014 units sold compared to 6,792 units last year.
- 40–100 HP tractors decreased 9.5%, totaling 2,738 units sold compared to 3,024 units in February 2025.
- 100+ HP tractors experienced the steepest monthly decline, falling 25.8%, with 904 units sold compared to 1,218 units last year.
- Four-wheel drive tractors were the only segment to post growth, increasing 11.3%, with 148 units sold in February.
Year-to-date tractor sales in the United States totaled 18,587 units, representing an 8.7% decline compared to 20,365 units sold during the first two months of 2025.
Combine sales in the United States declined 12.6% in February, with 159 units sold compared to 182 units last year. However, year-to-date combine sales increased 15.4%, reaching 322 units compared to 279 units during the same period in 2025, reflecting continued demand for harvesting efficiency and advanced technology.
Canadian Equipment Sales
Canadian equipment sales showed similar trends, with tractor sales declining year-over-year while combine sales experienced significant growth early in the year.
Total farm tractor sales in Canada declined 14.4% in February, with 1,217 units sold compared to 1,421 units in February 2025. Year-to-date tractor sales are down 3.3%, with 2,639 units sold through February compared to 2,730 units during the same period in 2025.
Breaking down the Canadian tractor market by horsepower:
- Under 40 HP tractors declined 17.0% in February, with 689 units sold.
- 40–100 HP tractors decreased 3.0%, totaling 258 units sold.
- 100+ HP tractors declined 10.0%, with 180 units sold.
Sales of four-wheel drive tractors in Canada declined 28.0% in February, with 90 units sold compared to 125 units during the same month last year.
Combine sales in Canada remained steady in February with 89 units sold, matching February 2025 totals. Year-to-date combine sales reached 204 units, representing an 85.5% increase compared to 110 units sold through February last year.
Beginning inventory levels for February included 11,843 tractors and 417 combines across Canada, according to AEM’s monthly report.
Industry Outlook
While equipment sales fluctuate with farm income cycles, the agriculture industry continues to invest in technologies that improve efficiency, sustainability, and operational productivity. Precision agriculture, automation, and advanced harvesting technologies remain key drivers of equipment modernization.
AEM’s monthly Ag Tractor and Combine Report provides insights into retail sales trends across key equipment categories and helps manufacturers, dealers, and industry stakeholders monitor market conditions.
About the Report
The AEM Ag Tractor and Combine Report is provided monthly and is derived from AEM member companies through proprietary statistical reporting programs. The data represents preliminary monthly retail sales of new agricultural equipment.
For more information, visit: https://www.aem.org/market-share-statistics/us-ag-tractor-and-combine-reports
SOURCE: Association of Equipment Manufacturers News Release
