Small tractor sales slip

"Challenging year" projected in agricultural equipment market.

While U.S. retail sales of farm tractors smaller than 40 hp in July declined 6.3%, the year-to-date total was up 9.8% compared to last year, according to the latest monthly data from the Association of Equipment Manufacturers (AEM), the leading trade organization for off-road equipment manufacturers and suppliers.

U.S. retail sales for two-wheel-drive, 40-100 hp tractors declined 23.3% in July and were down 6.1% year to date.

Sales of two-wheel-drive, 100-plus hp tractors in

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