Insights and Stories on Equipment Sales

A Lexicon combine harvests crop near Altamont in 2020.

Combine market holding, for now

Aug. 30, 2024 at 3:48 pm CDT

According to a recent news release from Alberta Agriculture and Irrigation, higher combine prices do not yet appear to have affected their sales in Canada.

Deere beats profit targets as strong pricing, cost cuts counter slow demand

Aug. 15, 2024 at 1:26 pm CDT

By Reuters Shivansh Tiwary

Deere announces job cuts to tackle slowing farm equipment demand

Jun. 5, 2024 at 11:06 am CDT

By Reuters

Deere cuts 2024 profit forecast as sliding farm income stifles demand

May. 16, 2024 at 9:38 am CDT

By Deborah Mary Sophia Reuters

Too many tractors: As boom times fade, farm equipment piles up

May. 9, 2024 at 1:38 pm CDT

By Bianca Flowers Renee Hickman Reuters

CNH Industrial cuts 2024 profit view as soft agriculture demand bites

May. 2, 2024 at 8:53 am CDT

CNH Industrial cut its annual profit forecast on Thursday, squeezed by slowing demand for its tractors and farm equipment as choppy crop prices and higher borrowing costs hinder farmers from making big-ticket farming purchases.

By Reuters

U.S. farmers face harsh economics with record corn supplies in silos

Feb. 22, 2024 at 9:27 am CST

Farmers across the United States are kicking themselves for putting off corn sales after fields dried up in May and June, fueling expectations for higher prices and smaller harvests. Instead, prices tanked as rains saved the crop. The size and speed of the price collapse stung farmers and left their storage bins stuffed with record amounts of corn.

By Reuters Tom Polansek

Tractors continue unusually strong sales in November

Dec. 12, 2023 at 2:14 pm CST

The growing price of farm equipment is not dissuading farmers from buying new machinery, according to the latest data from the Association of Equipment Managers (AEM).

By Jeff Melchior

Equipment sales expected to soften in 2024

Nov. 16, 2023 at 3:16 pm CST

According to FCC's 2024 outlook for the Canadian farm equipment market, new sales are projected to be softer in 2024 based on three factors: higher interest rates, elevated equipment prices and a decline in commodity prices.