The rural economy hasn’t been too strong, but used equipment prices have been holding their own.
In 2011, Machinery Pete created a quarterly report called the Machinery Pete Used Values Index, which is based on 27 years of auction prices.
He recently released his 2017 Q2 findings, and they show that used farm machinery values are staying relatively strong.
See his findings on AgDay above. Watch Machinery Pete every Monday on AgDay.