Used Farm Machinery Market Increasing in Popularity

Jan 29, 2013

Used Farm Equipment Market - Steady Growth Over the Last 10 Years

The used farm machinery market, most notably tractors, has seen a steady growth over the past decade. Used tractor values have gone up in recent years, which was especially apparent in 2012. Experts predict that the increased value for used tractors isn’t expected to stop anytime soon. For the used farm machinery market as a whole, it’s encouraging to see the value of used tractors grow over the past 10 years.

There are a number of factors that have contributed to the value increase in tractors. One factor is the price point on new farm machinery, especially tractors. Technology has played a pivotal role in the evolution of farm equipment and newer tractors tend to have the newest technology. Used farm equipment if well taken care of, can last forever and doesn’t lose value as quickly has other vehicles such as cars and trucks. While used farm equipment is still expensive, it’s often substantially less expensive than buying a brand new tractor.

There are several great places to look for used farm equipment including auctions, online and through various ads. If you are a farmer in Ontario you would be familiar with the very popular publication – AgBuyer’s Guide.

Video: Dicamba Returns for Georgia Farmers: What the New EPA Ruling Means for Cotton Growers

After being unavailable in 2024 due to registration issues, dicamba products are returning for Georgia farmers this growing season — but under strict new conditions.

In this report from Tifton, Extension Weed Specialist Stanley Culpepper explains the updated EPA ruling, including new application limits, mandatory training requirements, and the need for a restricted use pesticide license. Among the key changes: a cap of two ½-pound applications per year and the required use of an approved volatility reduction agent with every application.

For Georgia cotton producers, the ruling is significant. According to Taylor Sills with the Georgia Cotton Commission, the vast majority of cotton planted in the state carries the dicamba-tolerant trait — meaning farmers had been paying for technology they couldn’t use.

While environmental groups have expressed concerns over spray drift, Georgia growers have reduced off-target pesticide movement by more than 91% over the past decade. Still, this two-year registration period will come with increased scrutiny, making stewardship and compliance more important than ever.