The latest Sandhills Global Market Reports show used farm equipment inventory remains fairly flat month-over-month since 4Q21.
Unlike the used truck and construction equipment markets, used farm equipment inventory levels remained flat in terms of both year-over-year and month-over-month figures. Farm equipment inventory was down 37.2% year-over-year in February; by contrast, inventory was down 37.4% year-over-year in January.
Across all age groups, farm equipment inventory levels have been roughly flat month-over-month since 4Q21 following a steady decline that began in mid-2020.
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