Farm machinery sales soared in 2021 but higher expenses may dampen growers’ appetites for new tractors and combines in 2022.

Farmers invested heavily in new tractors and combines last year but higher production costs could affect their continued appetite for machinery in 2022, experts say.

Unit sales of new tractors over 100 horsepower increased by 24% in 2021, while new four-wheel-drive tractors rose 18% and combines surged by nearly 25%, according to the Association of Equipment Manufacturers.

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I've been working at Capital Press since 2006 and I primarily cover legislative, regulatory and legal issues.

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