jdironman - 7/5/2022 18:17
I think we are in perfect storm of huge demand with hi farm prices and shortages of parts and labor. .It is going to take awhile to sort out. I also think average farmer has way more equip than they had even 5-7 years ago. I also think avg farmer is starting to increase their machinery debt once again because of new cost. Will be interesting to see where it all shakes out. Will also be interesting to see where commodity price vs inputs land for next year. I am probably too negative but I am guessing in next two years or so a some negative farm incomes. The cost of new equipment cannot be supported by normal margins and for those that say this time is different? Look at history.
It will be interesting to see what happens. In our area I see the opposite as people have upgraded and selling off their old inventory. We now farm with half the tractors on 3 times the amount of land and everything left is mostly modern and no reason to keep the old stuff.
I remember the 80's as that is when my farming career began. My brother and I bought land from some that had to sell because just a couple years before they had done major expansion and couldn't make it work so had to sell 98 percent of their owned land and farm the leases they had with family.
I remember early 80's hillside combines being overstocked from the factory and we bought a couple brands new that sold for 50 percent of what they were just one year earlier. I don't see any excess inventory. I hear they have built carriers to carry out incomplete tractors at the factory as they wait for final parts to complete assembly.
We got a new air drill last year and the cart is made in Germany. It made its way across the Atlantic and through the Panama Canal to the Port of Seattle faster than it could leave the port and get to its destination only 250 miles east still in Washington state. | 
The future of farm equipment values?
