Report: U.S. Farm Equipment Sales Fall In October
WICHITA, Kan. (AP) -- An industry report shows that sales of farm tractors and combines fell in October from the same month a year ago.
But Monday's report from the Association of Equipment Manufacturers also says that U.S. sales of the items in the first 10 months of the year still remain ahead of last year's pace.
Sales of farm tractors totaled about 19,600 in October, down 3.4 percent from October 2012. Farmers bought 1,153 combines in October, a drop of nearly 35 percent from the same month last year.
During the first 10 months of this year, farmers bought nearly 173,000 tractors, for an increase of 10.1 percent compared with the same period a year ago.
Farmers bought 8,847 combines during the first 10 months for a sales increase of 5.6 percent.