Inflation is causing farm equipment prices to increase, but the rate of change has slowed. “Energy is really impacting price increases,” said Daryl Theis, head of sales and marketing, CLAAS America. “It does seem to be peaking and some machinery prices are starting to drop so it could start to come down in the next few months.” Theis says shipping times for equipment has improved. “Pre-pandemic, it took us about four weeks to get a container from Europe to the U.S. Eight months ago, it took us 12 weeks, and now we’re back down to eight weeks.” Some products are still difficult to acquire like rubber tracks and transmission components.
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