Used equipment market begins to soften

Machinery Pete says we're coming off historic lows in used equipment inventory, recalibrating and moving back to a more normal pattern.

Used farm equipment prices are softening following years of supply chain issues brought on by the COVID-19 pandemic, with used supply growing and dealers moving excess inventory to auction to make way for the arrival of new equipment.

Despite tight farm income exacerbated by low commodity prices and high input costs, farmers continue to search for used equipment deals, utilizing their unexpected profits realized the past three years, said Greg ...