Home > News > Grain Prices Have Machinery Sales Surging

A lot of farmers cut back on machinery purchases when grain prices were bearish in the last few years. But now that prices have bounced back, a lot of pent-up machinery demand is reaching fruition in increasing sales. Some items like tractors under 40 hp are “flying off the shelves,” one market-watcher said this week. It’s causing some bottlenecks for farmers looking to secure specific equipment and machinery that is in tight supply in some areas. Late-model used tractors are one example, as they’re reported to be in a “supply pinch” in some regions. Many farmers are also turning to buying online given the broader market access it provides them. Thus far, there are no widespread inventory issues at the dealer level yet, but “their antennas are definitely up.” See more on the story.

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