Farm Equipment Demands Wane as Farmers’ Optimism Falters

Despite the recent recovery in farm equipment sales, demand looks to be declining as fewer farmers plan to purchase equipment in 2019. The Farmer Speaks survey, a study showing agricultural market trends and where farmers intend to make changes, found that only 33% of farmers plan to purchase farm equipment in 2019. This is down 20% from the previous year. The report also showed that only 25% of farmers surveyed purchased equipment ahead of 2019…

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