There is always a lag in prices after a major financial change in the market.
Black Friday hit in 1929, but it was not until the 1932 that things really started to get bad.
No one knows what is happening right now, and most people are fiscally okay, so it is going to take awhile. I have seen this with dairy farming though. When it was bad, creditors were lenient with farmers, but it was when the prices for milk rose, that the creditors all started clamoring for their money. The farmers wee suddenly making money again, but now every creditor demanded their money, and it was too much for the industry, so dairy farmers went under at a record rate.
I predict the same thing will happen with the economy. Right now, everyone is being patient, but after 6 months, and after these companies that were marginal before, just might say, "we are not going back to business", and that is when the real unemployment numbers will hit.
But with tractors...right now...it is different. Everyone is home and doing work around the house and thinking, "I could use a tractor to get more work done", so tractor sales are up. And they will be up for awhile.
Myself, I am not into new and shiny, as that is an expensive addiction. Instead, I spent my government check on new tractor tires, and getting my old paid off tractor into like new condition again. It is a lot cheaper to rebuild them, then it is to make payments on them.