Report: Farm equipment sales up despite drought
Published on -9/12/2012, 7:27 AM
WICHITA, Kan. (AP) -- A new report shows the relentless drought did little to dent retail sales of pricey farm machinery around the country last month.
The Association of Equipment Manufacturers said Tuesday sales of farm tractors were up nearly 15 percent in August from the same month a year ago. Retailers reported selling slightly more than 14,000 tractors nationwide. Sales of combines were up a little more than 7 percent, with 1,099 sold in August.
So far in 2012, sales of farm tractors were up 8.3 percent over the first eight months of last year. But sales of combines were down 11.8 percent.