In this episode host Casey Seymour of Moving Iron LLC and Aaron Fintel talk about the used combine markets and how some big moves recently have them predicting the market could be about to heat up.
Over the past 7 years, combines have been an expensive piece of equipment to trade. Market conditions have made it tough to trade up, and many have elected to continue to run what they have and fix it as needed.
In many cases, the last time a combine upgrade took place was in 2013. This was also the last time on-farm-income was high, and tax regulation also promoted upgrading. The combine market has struggled ever since, but Casey thinks the sleeping giant is starting to wake up.
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Sound Effects: Jahzzar - Magic Mountain