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
EPA Administrator Lee Zeldin, in consultation with the U.S. Department of Energy and under the Clean Air Act, approved the temporary measure to help stabilize fuel supplies and reduce costs for consumers.
TYM North America unveiled two new Series 5 tractor models at the National Farm Machinery Show and announced an exciting new partnership for the NASCAR Craftsman Truck Series.
Kansas State University agricultural economist Dr. Gregg Ibendahl discusses rising diesel prices, the influence of global oil markets, and the potential impact on farmers heading into the spring planting season.
Surging energy markets are quickly becoming a cost story for U.S. agriculture as crude oil climbs on supply fears tied to the Middle East conflict.
Technology-driven lending decisions may shape the future availability of farm credit.
Weak crop margins and tariff uncertainty are delaying machinery purchases and signaling slower capital investment across U.S. agriculture.
