Selected Farm Machinery Statistics
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Domestic Sales and exports of U.S. farm machinery have fallen since 1931 due to weak farm economics at home and abroad. In the United States, gross capital expenditures for new and used farm machinery skyrocketed during the 1970's, peaked in 1979 at $11.8 billion, and then declined to $7.3 billion in 1984. During the 1980's the Nation's farm machinery trade balance dropped dramatically from a high of $1.4 billion in 1981 to $298 million in 1985 due to a weakening of export markets and a shift to overseas production of small- and medium-size wheel tractors sold domestically. This bulletin presents statistical information, both annual and monthly time series, that points to trends in farm machinery production, factory shipments, inventories, prices, expenditures, and trade.