If current crop prices, input prices, equipment values, and interest rates have you reconsidering a major purchase, you’re not alone. Thinning crop margins and an increasingly more challenging farm financial outlook for the year are showing up in some equipment sales trends and forecasts.
Large equipment purchases are rarely snap decisions, however, and many farms need to replace equipment on a regular basis to keep ahead of downtime and make productivity gains with more advanced tech.
The juncture of tougher economic times and the reality of farm timelines has inspired our latest poll. We want to know — what’s your thinking on equipment purchases this year?