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Published April 28, 2014, 11:01 AM

2013 brought an increase in farm equipment sales

BROOKINGS, S.D. — In 2013, strong U.S. commodity prices, relatively low interest rates and enhanced tax deductions led to robust sales of new farm machinery and equipment. According to the Association of Equipment Manufacturers’ February 2014 Flash Report, retail sales of tractors and combines in 2013 were substantially higher than the two previous years and much greater than the five-year average, says Kim Dillivan, South Dakota State University Extension crops business management field specialist.

By: SDSU Extension Service ,

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