The Farmers Club

The “Club Notes” for Friday, the 5th of July, 2024.

By Dwain Duxson

Is there relief in sight?

New Machinery prices have gone up exponentially over the last 4 years for reasons only the manufacturer and Dealers would know. It was like there was a double-digit percentage rise every 10 months. But now that’s all come to an end as I saw an unreserved Auction in the US where 2 x $600k Headers made $150k each. Carnage, they called it. We have heard of a dealer prepared to sell some hard-to-move items at cost and others at below cost. But that’s not unusual. There is also a growing brigade of Farmers who have resigned from buying new and will stick to the used market for any upgrades. It’s become a new Farm rule. But in my time, I have never really heard of Machinery prices going down too much, only perhaps the odd less popular models that are hard to shift. We have seen a correction in the used market from the dizzy heights of a couple of years ago. But at what point do Dealers drop the price of new stuff sitting on the floor, or would it be a directive from the manufacturer? And will there be discounting on the more popular models, or can they avoid that because they are so popular? It’s going to be an interesting watch over the next couple of years. And besides, buying expensive new Machinery is only adding to our inflationary woes. Have you personally seen any sign of a price drop in the new Machinery market? Reply to [email protected]

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