North American agricultural tractor sales plunge 21.6% year-over-year

Data released in mid-June 2026 shows a severe 21.6% year-over-year drop in U.S. farm tractor sales, alongside a 56.1% collapse in combine sales and a 17% drop in Canadian tractor sales. This sharp cyclical downturn is driven by depressed crop commodity prices, high production costs, and shifting trade policies. Farmers are actively preserving cash and choosing to rely on used machinery over new capital investments.