Industry News

Ag Tire Manufacturers, Suppliers Raising Prices in 2022

Farmer demand, supply chains, COVID and its variants to blame
Following a market trend among tire manufacturers, Bridgestone announced it will increase prices up to 14% on Bridgestone and Firestone truck and bus radial (TBR), OTR and AG (Tires, Tracks, Tubes), in the United States and Canada.
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Higher Farm Income, Sluggish Supply Chains Push Up Equipment Prices

“Farmers have disposable income, so they have money to spend it on and the tax laws really, really favor purchasing equipment,” Gary Schnitkey, a professor of farm management at the University of Illinois said. “Manufacturers are having difficulty keeping up with the demand.”


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