As we look toward 2025, the agricultural equipment market stands at a crossroads shaped by potential declines in interest rates and slight increases in commodity prices, particularly for corn and wheat.
The retail market and the auction market are not separate entities; they are intricately linked, influencing each other in a dynamic interplay of supply and demand.
As a follow up to my last column, “The Pillars of Used Equipment Management,” this month I cover the washout cycle, evaluation processes, used equipment pricing and margin expectations.
I have said the word never a lot in my life. Growing up, Grandpa would say “Never is a very long time,” and I would shrug it off. Back then, and now, when I say never, I mean it.
Combines are the last to the party and the first to leave — every time. When new equipment started to get tight and used equipment was selling at a record pace and price, combines lagged in the rear.
Few things are guaranteed, but many things are taken for granted. My career in the equipment business has been filled with guarantees that are dressed-up things taken for granted.
Understanding who is responsible for the performance of a position or a department has incredible implications for the department but also for the person being managed and the person managing the department or position.
2023 saw normal obstacles and those that were not so normal. A few of the issues are easy enough to see, like interest rates, lead times on new equipment and the price of used equipment. Rising used inventory levels — and not just combines — have caught the attention of used equipment and remarketing managers.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
At Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.
Finance Scope is able to provide the best financing opportunities for equipment dealers and customers through a diverse mix of lending companies under one single platform. Our large group of lenders, allows for competitive rates regardless of credit scores. Additionally, dealers and customers have access to the industry’s best expertise surrounding finance and lease structures, for all purposes, within the agricultural and construction industries. We provide all of this into one online platform to provide our customers with the best available tailored finance solution for their equipment.