Weak demand will limit 2025 farm equipment sales and pressure prices
The farm equipment market has been anticipating a slowdown over the past year due to falling commodity prices, high operating costs, and lower profits. In response, farms have placed a greater emphasis on their per acre equipment costs with delayed purchases and plans to further reduce spending on equipment as a cost saving measure. The situation is not unique to Canada with U.S. farmers in a comparable situation. As a result, U.S. farm equipment manufacturers have implemented production cuts due to weak demand. Ultimately, what happens south of the border has implications for the Canadian market. Canadian large equipment sales started this year strong, with increased sales of both combine and 4WD tractors. In fact, new combine sales through the first half of 2024 were the best in five years while 4WD tractor sales were only slightly behind 2021 sales There are several factors as to why this occurred, including strong sales earlier in the year due to weak U.S. sales. U.S. combine s
machineryasia 
The farm equipment market has been anticipating a slowdown over the past year due to falling commodity prices, high operating costs, and lower profits. In response, farms have placed a greater emphasis on their per acre equipment costs with delayed purchases and plans to further reduce spending on equipment as a cost saving measure. The situation is not unique to Canada with U.S. farmers in a comparable situation. As a result, U.S. farm equipment manufacturers have implemented production cuts due to weak demand. Ultimately, what happens south of the border has implications for the Canadian market. Canadian large equipment sales started this year strong, with increased sales of both combine and 4WD tractors. In fact, new combine sales through the first half of 2024 were the best in five years while 4WD tractor sales were only slightly behind 2021 sales There are several factors as to why this occurred, including strong sales earlier in the year due to weak U.S. sales. U.S. combine s
