Combines might be running, but Machinery Pete is watching high horsepower tractors are creeping across his auction pages.
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Machinery Pete: Hot Prices on High Horsepower Tractors
(AgDay)
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Recent sales show late-model combines and tractors attracting premium prices with limited options in the traditional five- to 12-year-old range.
New equipment sales are down over 12% as 6 out of 10 farmers report worsening finances. Experts Curt Blades and Casey Seymour break down the market in a high-cost ag economy.
Despite a weak farm economy, record and near-record auction sales continue as farmers compete for quality used equipment, a trend Machinery Pete says is unlike anything he’s seen in 36 years.
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