Farm Machinery Slowdown

By Brent Gloy

The U.S. farm sector continues to work through the adjustments necessary to restore profitability. These adjustments include the painful process of bringing fixed costs under control. Equipment and land costs are two of the most significant fixed cost items for most farms. As we have discussed before farmland values and rents appear to be in the process of working lower. In this post we take a look at some indicators of farmer’s investment in farm equipment and how that has changed over time. (more…)