I talk about the future of the farm equipment business from time-to-time in my blogs and podcast. With automation and autonomy just around the corner, it’s hard not to!
The run-up to the 2014 auction season was one of disbelief and dismay. The amount of used equipment on the market was no joke, and it was getting worse every day.
I talked to many people in 2019. All of them had a similar story to tell about the year: it wasn’t terrific. It was either too wet or too dry; planting was hot and dry or cold and wet.
This week I had a chance to talk with Dirk Mitchell of Mitchell Equipment. Our conversation was about how to categorize used equipment during the trade evaluation process.
For 13 years, I have worked in the ag equipment business. Along the way, I have had many mentors and trustworthy people teach me everything I know. One reoccurring theme has been differing opinions between the auction market and the retail market.
To say this has been a challenging year would be a gross understatement. In areas of the Corn Belt, the growing season was cursed with too much rain and now not enough.
Data points to large farms getting bigger and the number of "hobby farms" or rural lifestyle property owners growing in number, not size. So this leaves the producer in the middle.
Earlier this year I wrote an article titled “The Hangover.” The article talks about the amount of used equipment on the market from Model Years 2010-14.
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