Posted by NY 986 on February 21, 2022 at 10:59:16 from (67.249.255.74):
In Reply to: Re: New tractor sales posted by Bruce from Can. on February 21, 2022 at 10:40:43:
On top of that you will see corrections in terms of the value of equipment and land. Will it be as harsh as the 1980's? Who knows. I suspect with the number of farmers who have non-traditional financing (arranged partners) there will be some surprise sales. Also, the model of North American agriculture being the primary supplier to the rest of the world is changing. There will be less demand for US and Canadian farm goods in the future decades. Further, I don't see at least the US government buying surplus grains and milk products (cheese) and warehousing it like it did in past eras. In terms of my business there are no debts on land and equipment to any lenders. Life is not fun in a lot of respects currently but I don't have to worry about the equipment being dragged to the area auction yard or land being sold on the court house steps.
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