Used Equipment Mix Changing as Farmers Move to Larger Equipment

As the size of farm machinery has grown, so has the riskiness of taking trades in on new equipment. “Our used equipment sales have grown probably faster than any other part of our business over the last three years,” says Graham Drake, president and CEO of Cervus Equipment Corp., one of John Deere’s largest farm equipment dealer networks. “It’s the biggest financial risk out there.” 

Besides the robust market for new ag machinery during the…

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