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
Lower oil prices may trim input costs but pressure biofuel demand.
Ethanol output is improving, but weak domestic demand and export headwinds temper optimism about corn demand. Renewable Fuels Association President & CEO Geoff Cooper discusses the latest developments on Federal approval of year-round E15.
The National Farm Machinery Show is underway in Louisville, Kentucky, bringing together the latest in agricultural equipment, technology, and innovation. Here are some highlights from the trade show floor so far!
Farm legal expert Roger McEowen discusses the EPA’s rescission of the 2009 endangerment finding on greenhouse gases and what it could mean for agriculture and rural America.
New Holland VP Ryan Schaefer shares insights into the brand’s legacy and innovations that support U.S. cattle producers.
OOIDA’s Lewie Pugh discusses the EPA’s new Right to Repair guidance and other regulatory developments impacting the trucking and agriculture industries.
