According to leading machinery industry experts, machinery prices are holding their value as the used machinery market continues to hold strong. In other words, used machinery is doing very well in today’s markets.
This may be bad news for farmers looking for a machinery bargain to add to their machinery list as they won’t find too many good deals at local auctions. It is said the machinery holding the most value is that of farming equipment such as combines and tractors.
An American expert with over 22 years of experience claimed: “If you would have bought any kind of nice equipment 10 years ago and were in a position to sell it now, that money invested in used equipment would perform better than any 401k or other forms of investment you might have had” he said. “And that is what you can see in our index here. Since October, it’s probably the hottest I have ever seen in the used farm equipment market.”
He continued: “If you would have bought any kind of nice equipment 10 years ago and were in a position to sell it now, that money invested in used equipment would perform better than any 401k or other forms of investment you might have had,” he said. “And that is what you can see in our index here. Since October, it’s probably the hottest I have ever seen in the used farm equipment market.”