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Farm Equipment Demand Outpacing Availability

Farmers are purchasing new equipment faster than manufacturers and dealers can sell it.

 

Dan Paschke with John Deere says demand from U.S. producers to purchase equipment is at an all-time high despite availability and supply chain issues. “Commodity prices are good.  Farmers have good balance sheets right now,” Pashcke says. “There’s a lot of new technology that’s driving new demand but overall, across pretty much every equipment we make is up.”

 

He tells Brownfield many producers are interested in precision ag technology. “More technology is coming into products across the production system and farmers are really starting to see value that we can produce we being able to get a lot more crop with less going forward

 

The Association of Equipment Manufacturers says U.S. total farm tractor sales climbed 9.9 percent in August from last year, while self-propelled combine sales jumped 19.8 percent, the second month in a row of growth near 20 percent for harvesters.

 

Augustin Lewis with CLAAS says forage equipment, combines and tractors are moving quickly. “We’re seeing more demand in those specific product areas because we have more and more growers acquiring more land, more business and more accounts.”

--Brownfield AgNews