Thinner margins, higher interest rates put downward pressure on harvest equipment sales

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In closing out the first quarter of 2024, Farm Credit Canada has released a report comparing current harvest equipment sales to last year and the five-year average.

Not surprisingly, combine sales are way down over the five-year average, but nearly all harvest equipment classes have pulled back significantly from 2023 sales, a strong sales year.

Leigh Anderson, senior analyst with Farm Credit Canada, joins Lyndsey Smith in this conversation further exploring Farm Credit Canada’s most recent report on harvest equipment sales (tap here to read more).

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