New Tractor Sales Are Declining

[Hay Dude]

With where interest rates are now I can't imagine anyone looking at used anything.

You’d be surprised. Sometimes you have to. New unaffordable and equipment wears out or becomes too small for growing companies. I’m in that situation sometimes

 

[Hay Dude]

There are fewer buyers of everything due to the economic climate. Purse strings are tightening up which will bring the prices down, that economics 101. It will happen slower or faster in certain industries and regions. But it is coming

And of course that means lower demand, less borrowing, then eventually lower inflation, then hopefully an easing of interest rates.

Covid is a huge pusher of inflation. It caused a massive buying & borrowing spree in 20-21.

 

[lman]

And of course that means lower demand, less borrowing, then eventually lower inflation, then hopefully an easing of interest rates.

Covid is a huge pusher of inflation. It caused a massive buying & borrowing spree in 20-21.

I wouldn't say Covid pushed inflation. It was the policies of free money by the govt. that put us where we're at. Inflation will continue until we get a handle on the amount of spending by the govt. and it doesn't look promising.

 

[Hay Dude]

I wouldn't say Covid pushed inflation. It was the policies of free money by the govt. that put us where we're at. Inflation will continue until we get a handle on the amount of spending by the govt. and it doesn't look promising.

Certainly helped. But I also couldnt help notice the spending spree that happened. Even our esteemed government officials blamed inflation and interest rates on us.

 

[CloverKnollFarms]

Already seeing <24 month old tractors go up for sale around here because of folks businesses slowing due to the economy. One fella said he will entertain any offer, and he is already $5k under the value of the tractor. (17%)

Rates are up again. The holiday sales numbers are way down. The economy is slowing to the point that employment will be impacted in 2023, and a real recession will begin. All of this foretold over a year ago.

I‘m looking at a couple very lightly used units this week, cash purchase only.

In time, all rational predictions come true… that time is coming.

 

[Cahaba Valley Farm]

I wouldn't say Covid pushed inflation. It was the policies of free money by the govt. that put us where we're at. Inflation will continue until we get a handle on the amount of spending by the govt. and it doesn't look promising.

It was both. Then add the senile, so called president and his energy policies into it and you have inflation that is not going away anytime soon.

 

[2manyrocks]

I can't imagine an experienced economist like Paul Volker increasing the money supply so much and so fast.

Often, the Fed is responding to what happens in the economy, but in this instance, in my personal opinion, the Fed has significant responsibility for price inflation jumping up and has responsibility for the economic melt down that will result from their efforts to get inflation back under control. Steadier, more experienced economists of the past wouldn't have gone to the same extremes as the people at todays Fed, IMPO. All this mess could have been avoided.

 

[CloverKnollFarms]

But when you buy votes, things get costly

 

[sd455dan]

Already seeing <24 month old tractors go up for sale around here because of folks businesses slowing due to the economy. One fella said he will entertain any offer, and he is already $5k under the value of the tractor. (17%)

Rates are up again. The holiday sales numbers are way down. The economy is slowing to the point that employment will be impacted in 2023, and a real recession will begin. All of this foretold over a year ago.

I‘m looking at a couple very lightly used units this week, cash purchase only.

In time, all rational predictions come true… that time is coming.

YEP, Wait until all of the people that bought a Home with an ARM are up against a wall, and also decided they could afford a new CUT payment jn addition when the Gov handed out that free money.

It is going to get Real... Real Quick for a Lot of home / small farm buyers that signed ARM's

That will also apply to those folks carrying a lot of credit card debt and making even one late payment.

 

[hornett22]

I can't imagine an experienced economist like Paul Volker increasing the money supply so much and so fast.

Often, the Fed is responding to what happens in the economy, but in this instance, in my personal opinion, the Fed has significant responsibility for price inflation jumping up and has responsibility for the economic melt down that will result from their efforts to get inflation back under control. Steadier, more experienced economists of the past wouldn't have gone to the same extremes as the people at todays Fed, IMPO. All this mess could have been avoided.

Whatever politicians are telling you they're going to fix, they caused.