The option is still available for farmers who want to sell assets that way, but a U.S. auction firm expanding into Canada notes the number of live, on-farm auctions has drastically declined.
Tag Archives machinery sales
Farm auctions evolve with the times
Online auctions and new technology reshape an environment once dominated by live on-farm sales
CNH launches photo feature to identify parts
Equipment owners can take a photo of a part and use an AI-based feature to find a replacement online
Owners of CNH tractors looking for a replacement part can take a photo of the part and upload that photo to a website, which will then identify it and find the necessary replacement.
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.
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.
Local sales in ag equipment buck national market trends
Evidence at Crop Production Show suggests demand beyond the data
Even on a largely underperforming harvest outcome, optimism was still present in the majority of the crowd at this year’s Crop Production Show in Saskatoon. It seemed fitting to have the two largest pieces of equipment at the show a couple of booths down from each other. Capacity, horsepower and efficiency have been the focal […] Read more
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
Equipment sales to slow in 2024
Overall sales could decline by up to 15 per cent in Canada
Farm Credit Canada recently released a farm machinery market outlook for 2024 — and the news isn’t all that great for Canadian equipment dealers, especially when it comes to harvesting equipment. Despite new combine sales growing 5.5 per cent in 2023 in Canada compared to 2022, according to the Association of Equipment Manufacturers (AEM), the […] 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
Cyber-Savvy Farmer
