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Tractor Talk Discussion Board

Re: BTOs and new equipment.


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Posted by NY 986 on October 18, 2014 at 07:26:37 from (174.236.6.109):

In Reply to: Re: BTOs and new equipment. posted by oldtanker on October 18, 2014 at 07:04:33:

Interesting as to how things vary across the country. Bin erectors are very limited here (basically one dealer) so if you did not get your bin set up earlier you have a very poor chance of getting anything done now. I would say 60 percent of the BTO's here have strong off farm ventures so they are in no hurry to move product. The problem is as was said in Farm Journal carryover is going to be significant where it has not been the previous few years. The markets have adjusted in the last couple of weeks to offer prices that might tempt some not to wait when compared to the "support" prices in the new farm program when factoring in basis. I don't see a lot of upperward movement unless a big foreign buyer (China) comes in.
I do expect to see a couple of casualties locally plus some of the more crazy rent bids to go away. Just found out that one "outsider" who bid away 50 plus acres in the neighborhood pretty much did it at cost as yields are off due to a cool wet growing season.


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