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.
Tag Archives Machinery purchases
Deere expects steady farm equipment production
Equipment will remain available to farmers but will likely increase in price, a John Deere VP 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.
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.
Trump tariffs mean fewer machinery purchases, higher costs for Canadian farmers
Agco plans to spread tariff costs across its full product line, not just the most affected units
Yo-yoing U.S. tariff rates will end up costing farmers more for new machinery and parts — and not just farmers in the U.S. either.
CPIC can confirm if a machine or vehicle is stolen
When looking to make a deal, there is an online tool to help avoid being tricked into buying stolen property
Buying a used vehicle or piece of farm equipment privately from a seller usually involves having a bit of trust. Is the machine all the seller says it is? Does a bank hold a lien on it? And, perhaps most importantly, is the seller the actual owner? When dealing with an unfamiliar seller on a […] Read more
Prices for used farm equipment down 20 per cent overall
The used farm equipment market has tightened up considerably so far in 2024 compared to the high it was riding on in the past few years. Some equipment types are being affected more than others. “On those specialized once-a-season assets, people are very selective with what they buy and from where,” says Jordan Clarke, senior […] Read more
Geared-down expectations
What are other machinery manufacturers telling their shareholders to expect as they plow ahead into 2024? CNH (Case IH, New Holland) For its first quarter (Q1) ending March 31, CNH said sales volumes in North America were down two per cent for higher-horsepower (over 140 hp) tractors, and down 15 per cent for lower-horsepower tractors, […] Read more
How to evaluate a diesel engine
Knowing what to check will give you a good indication of an engine's overall condition
Are you thinking of buying a used tractor or other farm machine at one of this season’s spring auctions? When buying at auction, there is usually limited opportunity to give a machine or vehicle a thorough inspection. So here are a few useful things you can do at a sale to at least check the […] Read more
Understanding farmers’ equipment needs
As the pace picks up on advancements in technology, consulting customers for their feedback becomes more important
A few years ago, I was invited to attend an R&D facility to test-drive a prototype version of an MFWD tractor with a CVT transmission — then I was asked to give my impressions of what I liked or didn’t like. It was interesting to participate in the early evaluation of a new tractor. Prototype […] Read more
How you buy machinery is about to change
Subscription service and pay-as-you-go features a growing trend
The days of walking into a dealership, putting down your cash and getting a machine with all of the options you want in one transaction are coming to a close. Brands are now starting to look more intensely at the subscription model for advanced digital features as opposed to the old-fashioned, all included, one-time purchase. […] Read more
Cyber-Savvy Farmer
