The farm equipment market is shifting away from historic highs witnessed in 2022.
In this farm equipment market update webinar, recorded on November 15th, Andy Campbell, Director of Insights at Tractor Zoom, presents the current conditions affecting the farm equipment market, and the trending supply and values of major equipment categories. In the past year we’ve seen a staggered return of supply to most major equipment categories. That returning supply alongside external stressors like commodity markets, weather, on-farm profitability and interest rates will be discussed as they pertain to current values of major ag equipment categories like combines, row crop tractors, utility tractors, compact tractors, self-propelled sprayers as well as our projections for 2024.
During the webinar there was a great question of “Looking at row crop tractors, in your data do you see an increase in value with machines with 1500-3500 hours or is it mostly on the late and low side of the spectrum?”
I took this analysis offline and answered it in a follow-up blog analysis here.