What is everyone’s opinion? Will the values go down as interest rates go up or are high prices here to stay?
A used piece of equipment in good shape will continue to bring top dollar. The supply problems we currently have with new equipment isn't going away anytime soon IMO. We purchased a used tractor last Dec and still haven't gotten it yet, due to a guy further up the line waiting for a new one. Dealer also mentioned they had allocations set for around 15 new ones and had them all sold. Manufacture came back and is only going to allocate 5 or 6. Those other 9 are still going to want to buy a new tractor someday. So even when we do see production back to "normal", there's going to be such a demand still from production being behind for so long that new stuff is going to take a few years to catch back up.
The future of farm equipment values?
