Machinery Pete: Playing It Safe With Used Or Investing In New?

February 16, 2018 12:46 PM

Earlier this month, the USDA released a report showing farm incomes will hit a 12-year low in 2018.

While there have been recent rallies in the crop markets, farm profits are expected to drop to $59.5 billion.

This week at the National Farm Machinery Show in Louisville, Kentucky, Tyne Morgan, host of U.S. Farm Report, caught up with Machinery Pete to see what farmers will do when it comes to purchasing machinery.

Watch the story on AgDay above.

Back to news



Spell Check

Rudy Hiebert
Abbotsford, BC Canada, AK
2/16/2018 04:28 PM

  If producers who use this category of equipment had the vision and understanding to use quality synthetic it would make it much easier to keep it longer, at least until loan was paid.


Corn College TV Education Series


Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!


Market Data provided by
Brought to you by Beyer