Moving Iron: What’s Driving Farmers to Upgrade Equipment in a Tough Market
In this episode of Moving Iron, Casey Seymour and Greg Peterson (aka Machinery Pete) unpack the latest trends in ag equipment. A Farm Journal survey shows 50% of farmers are considering upgrades, and auction prices are climbing—like a John Deere loader tractor that recently topped $128,000. The market is showing signs of stability after years of volatility, but high interest rates and tight margins are forcing buyers to think strategically. The hosts also share insights on avoiding risky debt rollover and understanding your equity position before making big moves.
From seasonal shifts in hay and baler demand to export challenges and evolving buyer behavior, this episode covers what’s shaping today’s equipment landscape. Casey and Greg dive into the importance of transparency in online auctions, differences between grass hay and alfalfa operations, and how High Plains Wholesale is navigating these changes. Whether you're buying, selling, or just keeping tabs on the market, this episode is packed with timely insights.
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