A financial expert says the price of new and used agriculture equipment has become more volatile because of supply chain disruptions.
Brent Verploeg with DLL – an entity of Rabobank – tells Brownfield equipment in the market is scarce because of missing parts. “Tires, certain plastic claps, certain computer chips and certain items that are missing to finish out that build. If you look at manufacturer’s lots, they’re full of equipment half built.”
He says the shortage of new equipment has many farmers buying used machinery and that demand makes it challenging to create financing options.
