Pressure on the overall economy has been rolling down to equipment sales for some time. Now, the used equipment market is feeling the impact.
Year over year, overall sales of used, high-horsepower tractors fell as much as 23 percent. In some regions, that number was pushing 40 percent.
Machinery Pete says that while footing remains solid so far this year, economic strains could create instability. He says the market was flooded last year when interest rates lowered slightly, causing values to fall.
Related Stories
Kip Eideberg with the Association of Equipment Manufacturers details its campaign spotlighting the people who build equipment vital to farming and food manufacturing.
Experts say farmers and ethanol producers would benefit from a risk-based ILUC system that protects forests without relying on speculative modeling.
Ethanol markets remain mixed — weaker production and blend rates are being partially balanced by stronger exports as winter demand patterns take shape.
AFBF economist Faith Parum breaks down the potential impact of the proposed policy change to allow year-round sales of E15 biofuel.
RealAg Radio host Shaun Haney shares insights from a recent study, discusses EV market access in Canada, and highlights other market opportunities top of mind for Canadian producers.
Kubota President Alex Woods discusses the “Geared to Give” program, the company’s commitment to those who served, and how the initiative continues to grow and impact veterans.
