If you’re reconsidering a major purchase in light of current crop prices, input prices, equipment values, and interest rates, you’re not alone. Declining harvest profits and an increasingly challenging financial outlook for farms this year are reflected in some equipment sales trends and forecasts.
However, decisions to purchase large-scale equipment are rarely made on the fly, and many farms routinely replace equipment to proactively prevent downtime and increase productivity with more advanced technology. need to do it.
The intersection of tougher economic conditions and the realities of farming schedules influenced our latest poll. What we want to know is how you’re thinking about purchasing equipment this year.
