Casual Tractor Economy Observations

I travel on Route 68 between WV and MD about twice a month. For the last several months it has amazed me the amount of new farm equipment moving both ways. There is no heavy construction equipment being trucked as would be expected but I did not expect the amount of big tractors going both ways from the midwest to the ports and from Europe to the mid west. Today I made out a brand called Claas which I have seen a lot of this winter/spring but have never heard of in the past.

Has the price of corn enabled a farmers to invest in new equipment?

79bombi said:

Has the price of corn enabled a farmers to invest in new equipment?

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I don't think it's the price of corn but all the zero percent financing being offered may have something to do with it.

I think corn gave them one hell of a shot in the arm. But their supplies such as tractors fertilizers has caught up with it and now may bit them in the arse. Just my opinion which was directed by a very large farmer.


murph

thcri said:

I think corn gave them one hell of a shot in the arm. But their supplies such as tractors fertilizers has caught up with it and now may bit them in the arse. Just my opinion which was directed by a very large farmer.


murph

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Hearing about the same thing around here Murph, though, it doesn't sound like anyone is regretting equipment purchases over the last couple years so much as just slowing down a little this year. Even at that, some of the big guys litterally wear out equipment rather than repair it, so their purchase cycle is pretty constant.

I see way more on Rte 80 than any other year than I remember. And usually there are multiple rigs in a row delivering them