Folks I worked with in the 80s were using Michigan dirt moving equipment from the 60s [1], and a quick look shows there's still similar machines being traded [2].
The market for tractors is far bigger than specialized construction equipment, but all the same factors apply. The bigger units, say 75HP and up, counted as "construction equipment" for us, certainly. Today's farms are bigger and today's farmers have little need for smaller machines.
[1] https://www.constructionequipment.com/michigan-elevating-scr...
[2] https://www.machinerytrader.com/listings/for-sale/michigan/s...