What’s there to expect in 2018 for the used farm equipment market? Well, that’s a good question, and here’s what my gut is telling me:
Soft Landing: Used farm equipment values fell like a rock in the second half of 2013 into mid-2015, then began to slowly solidify. In 2016, we saw used values level off and even, surprisingly, shoot up just a smidge late in the year. This past year, values have mostly been holding and perhaps moving a little lower.
Leasing Trend: What began in 2015 continues to become more popular. Leases work nicely from pencil to paper, which is a very good thing.
Price It Right And It Will Move: Continue reading
By: Tyne Morgan, US Farm Report Host
It’s a “better than expected” yield story playing out across the country. Less than ideal summer weather put a damper on hopes of a bountiful crop, but once the combines started to roll, many farmers were pleased with the results.
“Yields were surprisingly better than I was expecting,” said Daryl Cates, a farmer in Waterloo, Ill. “I don’t know where the beans came from, because we went almost two months without any rain.”
It was a dry summer that Cates thought robbed his crop of yield. With better yields come better outlooks on farms, and that’s motivating some farmers looking to buy larger equipment. Continue reading
By: Erdal Ozkan, Professor and Extension Agricultural Engineer
Previously in Ohio’s Country Journal
It is very likely that you will not be using your sprayer again until next spring. If you want to avoid potential problems and save yourself from frustration and major headaches, you will be wise to give your sprayer a little bit of TLC (Tender Loving Care) these days. Continue reading