GFM Network News

blue tractor

Used farm equipment offers good value

Higher costs for new equipment make used machines more attractive to buyers

Over the course of the past few years, several factors have combined to push up sticker prices on new equipment. And the recent dramatic fall in the value of the Canadian dollar versus the U.S. Greenback has been one of the biggest influences. Not surprisingly there has been a significant cooling off of new equipment […] Read more

Crowd at an outdoor farm auction

Prices continue to rise at auction sales

While most used equipment sold at auction sells for less than the price that same equipment is listed for on a dealer’s lot, the price differential continues to decrease. Simon Wallan, vice-president of the Canadian Agricultural Division of Ritchie Bros. Auctioneers says there are a number of reasons for the high equipment prices being recorded […] Read more