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.
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Having a good read on fuel prices is a must during harvest, but one analyst says grain farmers should also be watching the crude oil markets.
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Gov. Gavin Newsom has until October 12 to sign a bill passed by the California state legislature allowing E15 sales.
The ag machinery leader is betting that, by throwing the weight of their established brand behind this cutting-edge technology, more producers will be motivated to adopt it sooner rather than later.
As input costs continue to rise, diesel prices have held steady in recent weeks, according to energy analysts at GasBuddy.
