A total of 156,070 under 40 horsepower tractors were sold in the U.S. in 2023, according to the latest data from the Assn. of Equipment Manufacturers. (AEM).

Just over 13,200 compact tractors were sold in the U.S., down 6% year-over-year. This brought year-to-date sales to 99,588, down 12.2% year-over-year. 

U.S. compact tractor sales totaled 18,106 units in June, up 0.2% from 18,075 in June 2022.

Nearly three-fourths of respondents said they view this as a bad time to make large investments in their farm operation while just 16% of producers this month said it’s a good time to make investments.