MILWAUKEE, WI – U.S. tractor sales fell sharply in June as producers remained cautious about major equipment purchases, while combine sales posted a modest increase. The mixed results reflect continued pressure from farm income uncertainty, high financing costs, and uneven replacement demand.
The Association of Equipment Manufacturers says total farm tractor sales dropped 18.4 percent from June 2025 to 18,186 units. Year-to-date tractor sales declined 13.6 percent to 89,063 units. Four-wheel-drive tractor sales fell 30.3 percent during the month.
Declines affected every tractor category. Sales of tractors below 40 horsepower dropped 22 percent, while 40- to 100-horsepower sales fell 10 percent. Sales of tractors above 100 horsepower declined 11.7 percent.
Self-propelled combine sales increased 3.9 percent from a year earlier to 269 units. However, year-to-date sales remained 11.4 percent lower, indicating that a single stronger month has not reversed the broader slowdown.
Equipment demand will continue depending on crop prices, interest rates, farm income, and policy certainty. Dealers and manufacturers will watch whether harvest needs support additional machinery purchases later this year.
Farm-Level Takeaway: Producers remain selective about equipment investments as tighter margins limit broad machinery demand.