Articles tagged under: farm machinery
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.…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…Used Machinery Market Strong Heading Into 2022
Published January 3, 2022
Machinery Pete owner Greg Peterson says used machinery prices are incredibly strong, especially since the first week of November. "We're seeing sales pick up through the end of the year. Generally speaking, it was a good year for income. What…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…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…2Q Farm Lending Activity Moves Higher
Published July 23, 2018
Farm lending activity increased slightly in the second quarter. According to a survey conducted by the Federal Reserve Bank of Kansas City, livestock loans reached a historical high in the second quarter. After three years of increases, the volume of…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…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…