The market for used farm equipment remains very active.
Mark Stock with the online auction site BigIron.com says one reason is the backlog on orders of new equipment.
“I know a lot of people who wanted to buy brand new, they’re finding out that if you want a new tractor—if you’re going to order it—you’re probably not going to get it until after planting season is over,” Stock says.
“If you’re wanting a new planter, a lot of dealers that I’ve talked to said that they are not even able to get the planter they ordered last year—because the demand was so good—so they kind of had to segregate where the planters all went.”
Stock says used tractors, planters and sprayers are in high demand right now.