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