Good Values for Used Farm Equipment

U.S. tractor sales dropped 11.5 percent in May compared to a year ago. However, the sale of 4-wheel drive tractors increased more than nine percent. The Association of Equipment Manufacturers said combine sales declined nearly 18 percent from May of 2023. True North Equipment President John Oncken said the inventory of used farm equipment is up. “On a national level, there’s a lot of used equipment out there,” said Oncken. “You’ve seen nationally a lot of auctions taking place by dealers of any color.” True North Equipment is a John Deere dealer based in Grand Forks with locations throughout northeastern North Dakota and northwestern Minnesota. Oncken said there are good values available now for used equipment. “There’s cash in the region; I think we all know that and the opportunity to get some well-incented equipment from dealers in our region and us is really positive. It’s an opportunity for buyers.”