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Higher Farm Income, Sluggish Supply Chains Push Up Equipment Prices

December 20, 2021 | Posted in Used Equipment Remarketing, Manufacturer & Dealer Issues, Data & Forecasts
Source: WFYI, Indianapolis, Ind., by Brock E.W. Turner, WFIU Public Radio/WTIU Public Television

“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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