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).
Tag Archives farm machinery
Tractors continue unusually strong sales in November
Many types of machinery have seen price hikes of around 30 per cent or more
Expensive new equipment or older/cheaper: Which makes more sense?
Higher cost of newer equipment can pay off, but only if there's a benefit
In late 1978 I bought a new Ford 4×4 pickup truck. The sticker price was under $10,000 and my job at the time was paying me around $25,000 a year. That meant the truck, at about a third of my annual income, was pretty affordable. Using the Bank of Canada’s inflation calculator, that truck would […] Read more
Ottawa lines up with farmers on right-to-repair
Feds to call for owners to be able to repair their own equipment
The federal government says it’s siding with Canadian farmers on the right-to-repair debate. An announcement this week from the federal government called for an adjustment to the Competition Act that would prevent manufacturers from refusing to provide the means of device and product repair in an “anti-competitive manner.” That declaration came in the government’s 2023 […] Read more
Equipment sales expected to soften in 2024
Interest rates, equipment prices and commodity prices will all play a role, says FCC
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.
Ukrainian farmers’ history of making do pays off in wartime
First person: over the past 20 months, hundreds of thousands of civillian vehicles have passed through the crucible of war
The technical arsenal of farmers who cultivate small acreages is extremely varied. They have small tillers to which trailers are attached, and tiny, sometimes homemade, tractors. Sometimes you can even see a small field being plowed with the help of horses. We still have horse-drawn carts, although this is rare. In my town, there is only one horse left. My friend keeps him at home as a pet. In his youth, my friend worked at a stable and retained his love for horses.
New Ranger Extreme Duty UTV model from Polaris
More power, payload and available premium features
This summer Polaris announced the introduction of a three-cylinder, 1,500 cc, Extreme Duty Ranger side-by-side that delivers what the brand claims is an industry-leading 110 horsepower, giving it 30 per cent more power, and at 105 foot-pounds, 50 per cent more torque than its nearest comparable competitor. “We spent over five years meeting with farmers, […] Read more
Agco, Kubota sign onto U.S. right-to-repair pledge
Firms join Deere, CNH in pacts with Farm Bureau
Two more major ag equipment makers have signed onto a framework that would grant farmers and independent repair shops in the United States reasonable access to the means to repair their machines. The Washington, D.C.-based American Farm Bureau Federation (AFBF) on Monday announced it had reached memorandums of understanding (MOUs) with equipment firms Agco and […] Read more
CNH raises revenue guidance on robust tractor demand
Price increases support profit margins
Milan | Reuters — Farm and construction equipment maker CNH Industrial on Friday raised its full-year revenue forecast as operating profit topped expectations in the first quarter, aided by a strong order backlog and resilient demand for its large tractors. The company increased its revenue outlook for industrial activities to between eight and 11 per […] Read more
Colorado’s ag equipment right-to-repair bill signed into law
Bills introduced in 16 states
Reuters — Colorado’s governor signed the nation’s first right-to-repair legislation into law on Tuesday, giving the state’s farmers and ranchers the autonomy to fix their own equipment. The bill, which requires manufacturers such as Deere and Co. to provide manuals for diagnostic software and other aids, garnered bipartisan support as farmers grew increasingly frustrated with […] Read more
Colorado passes first U.S. right-to-repair legislation for farmers
Manufacturers fear safety, emissions systems could be overridden
Reuters — Colorado farmers will be able to legally fix their own equipment next year, with manufacturers such as Deere and Co. obliged to provide them with manuals for diagnostic software and other aids, under a measure passed by legislators in the first U.S. state to approve such a law. The Consumer Right to Repair […] Read more
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