Machinery - General
The question recently came up, “What do you do when you can’t remember how to put something back together?”
The Association of Equipment Manufacturer’s releasing its April “flash report”. AEM shows sales of all tractors were up 39% year to date, while smaller tractor sales were up 21% compared to last year.
Used equipment values continued rising right through April 2021 after the second-biggest quarterly jump (7.8 to 8.5) ever on Machinery Pete “Used Values Index” Overall Index Rating.
The latest AEM flash report shows sales of all tractors were up 81% in March compared to March 2020.
Farmers flush with cash after a run-up in grain prices are clamoring for farm machinery maker AGCO Corp to get them new equipment in time for this year’s harvest.
This latest rise in used equipment values is, frankly, breathtaking.
As farmers farm for ROI, equipment purchases aren’t always a yearly decision, but one ag lender says there are things farmer can do to ensure equipment purchases add to a farm’s balance sheet, versus extract profits.
Originally scheduled for November 14 to 20 in Hanover Germany, the event has drawn a large percent of visitors from other European Union countries and beyond. It’s now scheduled for February 27 to March 5, 2022.
From possible sweeping policy changes to infrastructure, to more time to sign up for Paycheck Protection Program (PPP) loans that can help cover some equipment payments, here’s the top machinery headlines.
In this current period, I am seeing very strong auction prices on a variety of equipment categories — from tractors in good condition to hay equipment.