Articles tagged under: farm machinery

Equipment Dealers Being ‘Super Aggressive’

Published September 15, 2024

Faced with sizable inventories, farm equipment dealers have been utilizing auction sales. “It really started last year in July with dealers just smashing equipment out to auction,” said Greg ‘Machinery Pete’ Peterson. “The losses they're taking are massive, but they're…
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Supply Chain Improvement

Published January 5, 2023

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…
Latest NewsAg BusinessCrops

Used Equipment Market Not Slowing Down

Published December 22, 2022

Machinery Pete founder Greg Peterson has been tracking the used equipment market for 33 years. "I've never seen anything close to this, the market has just been on fire since late 2020." Used machinery values increased every month of 2022.…
Latest NewsAg Business

Land Values Will Respond to Interest Rate Increases

Published November 12, 2022

Inflation has affected nearly every aspect of production agriculture, including land prices, machinery, fertilizer, and other inputs. NDSU Ag Finance Specialist Bryon Parman expects land prices to eventually decline due to the higher interest rates. "I wouldn't be shocked to…
Latest NewsAg Business

Stronger Grain Prices Keep Machinery Costs Firm

Published January 6, 2021

The optimism over grain prices is expected to keep machinery costs firm. In a virtual Lake Region Extension Roundup presentation, NDSU Extension agriculture finance specialist Bryon Parman said equipment dealers are expecting steady to firm equipment prices. "About 79 percent…
Latest NewsAg Business

Extending the Life of Farm Equipment

Published April 5, 2019

As farmers prepare for the upcoming planting season, efforts are being made to stretch the life of their farm equipment. CHS Lubricants Senior Marketing Specialist Mimi Falkman says farmers shouldn’t cut corners when it comes to lubricants. "You should look…
Latest NewsAg Business

Titan Machinery Reports 1Q Results

Published May 31, 2018

For the first quarter, Titan Machinery reports gross profits of $47.6 million. That compares to nearly $49 million one year ago. Equipment sales totaled $157 million, down from $168 million one year ago. For the agriculture segment, revenues were down…
Latest NewsAg Business

1Q Demand for Farm Equipment Edges Higher

Published April 11, 2018

In the first three months of the year, the sale of four-wheel drive tractors increased five percent from year ago levels. Year-to-date, combine sales are up four percent. Association of Equipment Manufacturers senior vice president Curt Blades is cautiously optimistic…
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