Trump Tells Farmers to Buy Tractors, But There’s No Rush Yet

President Donald Trump wants farmers to go out and buy bigger tractors after the US reached a long-awaited trade deal with China to restart soybean exports. But farm machinery producers might have to wait a little longer for a turnaround in sales.

“Our phones weren’t ringing off the hook yesterday with all kinds of purchasing orders coming in,” Eric Hansotia, chief executive officer of tractor maker AGCO Corp., said Friday on a call with investors after the company reported third-quarter earnings. However, he said China’s soybean commitment is “net positive.”