Despite a softening ag economy, US ag equipment sales have remained mostly positive.
Curt Blades, with the Association of Equipment Manufacturers, says overall equipment sales have been resilient, largely because farmers are in a replacement market. “There were so many pieces of equipment that were bought 5 and 7 years ago when prices were high and it’s taken time for those to make their way through the system,” he says. “Now we’re finding that some of those deferred purchases are finally getting to a point where a farmer needs to reinvest into their equipment.”
He tells Brownfield trade uncertainties remain a concern as farmers struggle with lower farm income.
Continue reading A surprising November equipment sales report at Brownfield Ag News.
