GFM Network News


Sales of new tractors and combines “spiked quite nicely” two years ago but are now falling as farmers grapple with lower commodity prices and sharply higher equipment costs.

Pricey farm machinery and soft commodity prices don’t add up

Sales plunge as farm equipment prices and grain prices head in opposite directions

Farm equipment sales in Canada dropped off significantly last year as farmers faced bad weather and even worse commodity prices. “In short, (equipment sales) are not good. There’s no way to sugarcoat it,” said Curt Blades, senior vice-president of agricultural services for the Association of Equipment Manufacturers. “Net farm income in Canada is down pretty […] Read more

The low dollar has already pushed up the price of American-made farm equipment and steel tariffs could increase them further.

Steel tariffs could rebound on farmers here

It’s not clear what impact tariffs will have on farm equipment but any increase will likely be passed on

It’s unclear if the new steel tariff proposed by U.S. President Donald Trump could be bad news for Canadian producers when it comes time to buy new farm equipment. If the tariffs are imposed, U.S. manufacturing companies would pay 25 per cent more for imported steel and 10 per cent more for imported aluminum, unless […] Read more