Buying and Selling Used Farm Equipment

Abstract
It’s impossible to farm without the right equipment, and that equipment doesn’t come cheap. But there
are alternatives to buying new, off the lot, at full retail price. There are bargains to be had.
Like used cars, there is a healthy market for used farm machinery. If you are looking to buy or sell, here
are some basics you should know.
i. Introduction
Farmers rely on their equipment to get the job done. With unpredictable weather and other factors
always bearing down on farmers, unreliable machinery can make farming close to impossible.
But finding reliable machinery does not mean buying brand new equipment at full price, not when the
market for used farm equipment is so healthy. This is good news for both interested buyers and sellers.
Still, whether you are looking to make a used farm equipment purchase or make some money from a
sale, there are a few things you should know before getting started.
ii.
Used Farm Equipment Market Outlook
Trends for used farm equipment suggest the market is strong.
Successful Farming reports that, according to dealer surveys, just shy of half (47%) of dealerships say
that they have too much used equipment inventory in stock. That trend has in fact decreased in recent
years. Dealer surveys from 2016 showed that almost 60% of dealers said their inventories were too high.