New farm machinery sales softness deepens in March

"According to data released by the Association of Equipment Manufacturers (AEM), March 2026 saw a significant pullback in tractor and combine sales as producers grapple with tightening margins and a cautious capital environment."

"In Canada, 2WD tractors are down 7.6% YTD, 4WD tractors are down 7.7%, and combines are down 11.6% YTD, indicating a sustained market weakness across the board."

"In the United States, the year-to-date sales numbers show continued softness, with sales of 2WD Tractors down 8.7% YTD and 4WD tractors down 15% YTD."

The North American agricultural economy is experiencing significant downturns in equipment sales, particularly in Canada. March 2026 saw a 16.3% drop in tractor sales and a staggering 60.6% decline in combine sales. Year-to-date figures indicate ongoing weakness, with 2WD and 4WD tractors down 7.6% and 7.7% respectively, and combines down 11.6%. In the U.S., 2WD tractor sales are down 8.7%, 4WD tractors down 15%, and combines down 3.5%. This trend reflects poor farm profitability despite short-term government support.

Read at Realagriculture