Like most sectors of the economy, farm finances are being squeezed between substantially higher interest costs and slumping commodity prices. But I’m sure that higher carbon and capital gains taxes and more EV subsidies will fix that. If not, maybe a currency collapse could right the ship.
Falling crop prices are leaving agriculture equipment sellers with an excess of unsold tractors and combines. To cope with the surplus, dealers are discounting machines, suspending new orders, and even auctioning off equipment at reduced prices.
Josh Gruett, dealer principal at Waupun Equipment in Waupun, Wisconsin, which sells farm, construction and other equipment, said his inventory has risen 30% to 35% since the end of 2023.
In Canada, the farm problem is the ridiculous amount of debt that existed BEFORE the interest hikes. Birrowing fools and lending idiots.
Jeezus – I’ve wanted to buy a tractor since I was a little kid!!!
Sounds like we can get some good fire sales, I’ll just park mine on the driveway to show off to my neighbours, sell it when prices go up again to a farmer. Gotta think big folks.
A Fendt Vario would be a very pricey investment. They are practically the Cadillac of modern farm tractors.
Oh man that’s nice!
Like going out on the town in a tricked out monster truck during the Road Warrior apocalypse, with class.
been following Ritchie Brothers results of the auctions. See no evidence of this yet. Seems like someone is cherry-picking stories,
H
Do German tractor owners act like BMW or Audi owners?
“… slumping commodity prices”???
I’m not noticing that at the grocery store, ergo someone is gouging, somewhere.
I’m not in the farming business, but as a machinery dealer, wouldn’t your inventory normally go up between the end of last year’s harvest and this year’s planting?
“wouldn’t your inventory normally go up between the end of last year’s harvest and this year’s planting?”
Ah yea, but this is Canada maybe your writing from South America, Africa or somewhere?
Canadian’s understand “Trudeaunonomics,” not that other BS that makes money for regular people.