As we head into 2025, the machinery market is expecting to see a shift, especially in used equipment.
Casey Seymour with Moving Iron predicts that used tractor inventories will continue to rise, as new orders for large ag equipment remain low.
This surge in supply provides more options for buyers.
However, it may put pressure on prices and force dealers to get creative with pricing and financing.
The ripple effects will also impact service departments, as older tractors will require more maintenance and tech updates.
For equipment dealers, it is a balancing act to hold onto stock and adjust to shifting demand.
Related Stories
The agriculture workforce’s struggles with labor issues in recent years have opened the door to more automation and integration of artificial intelligence (AI).
Farmers are struggling with low commodity prices and skyrocketing input costs, resulting in debt that is outpacing income across the sector, according to the USDA’s new farm income forecast.
This special program, presented in partnership with Nationwide Agribusiness, premieres on Monday, Sept. 1, at 6 PM ET, only on RFD-TV and RFD-TV Now.
