RB Global, the parent of Canadian auction firm Ritchie Bros., is further expanding its reach into the online farm auction market with a deal for Nebraska-based BigIron Auction Co.
Tag Archives equipment market
Ritchie Bros. parent to buy online auction firm BigIron
Farm equipment market unlikely to pick up
Sales have been slow and and an unreliable U.S. administration makes trade certainty impossible
North America’s farm machinery sales have been slow and uncertain thanks to tariffs and trade disruption. There’s not a lot of hope for change in 2026.
Canadian tractor sales slumped in 2025, combine purchases up
Canadian farmers have bought slightly fewer tractors this year than in 2024 while combine sales rose, statistics from the Association of Equipment Manufacturers show.
Equipment dealership chain firms up Manitoba reach
AgWest is expanding its dealership network with new buildings in Brandon and Russell
Agco equipment dealership chain AgWest recently announced it will build two new dealership buildings in western Manitoba to better serve that expanding market area.
Tariffs add billions to U.S. equipment costs
Efforts to re-shore manufacturing through tariffs are expected to make U.S. companies less competitive
As tariffs weaken the competitiveness of companies exporting into the U.S., economists see these trade agreements more as a loss for both sides, as costs rise also for farm equipment manufacturers already inside the country.
Deere expects steady farm equipment production
Equipment will remain available to farmers but will likely increase in price, a John Deere VP warns
The current trade dispute won’t interfere with Canadian farmers’ ability to get the John Deere machine they want, but will likely make that machine more expensive, a Deere vice-president warns.
Is farm equipment best bought or leased?
Farm Financial Planner: Or is either option better than the other?
Whether to buy or lease farm equipment is a crucial question, though one with no definitive answer. Let’s analyze the numbers using an example from management and accounting firm BDO.
U.S. tariffs add big costs to John Deere’s manufacturing
Brand estimates tariffs could add up to $500 million in new costs this year
Deere and Co. expects a pre-tax impact for 2025 of just over $500 million on its bottom line, if the levels of U.S. tariffs in place as of mid-May remain over the coming fiscal year.
CNH to offer refreshed farm equipment lineup for 2026
Existing models and the updated line will see price increases due to U.S. tariffs
Those refreshed Case IH and New Holland machines will come with higher price tags, though — and as of May 1, CNH also increased prices on current model year machines not already sold.
Farm machinery market now a riddle without a punchline
Farm Financial Planner: Tariffs will pile up on new equipment crossing borders en route to final assembly
Current market turmoil is rooted in U.S. tariffs and that uncertainty cascades down to combines, harrows, tractors, trucks — you name it — leaving farmers, at the tail end of the process, cautious.
Cyber-Savvy Farmer
