An Oversupply of Used Equipment Offers Opportunities in a Tough Market [Video]

The U.S. agriculture economy in 2024 is facing an unusual combination of events, leading to an unpredictable machinery market. Despite this, farmers can still improve their equipment fleets if they know where to look. Options are available, and in some cases prices are approaching historic lows.  

“I think we’re going to be in the middle of 2026 before we level out into a new normal,” says Moving Iron podcast host Casey Seymour. “I’m anticipating a very active auction time frame through December where if you have the money, you’re going to be able to get some bargains. And I think that will hold true for the next two years.”

Farmers will have the opportunity to spend this year, but probably on what they need, not what they want, says Andy Campbell, director of insights at Tractor Zoom. He believes the ag economy is entering a valley, not a “V.”

“I …