NEWS
Machinery Outlook
Jim Patrico Progressive Farmer Senior Editor
Wed Jan 20, 2016 10:13 AM CST

The farm equipment industry won't remember 2015 fondly. Sales of new equipment continued a two-year slide; used equipment began to pile up on dealer lots and production lines slowed, causing employee layoffs.

Looking ahead to 2016, the industry sees a largely unchanged ag business environment and can only hope the trend line will at least flatten and not continue downward.

Over the last couple of years, manufacturers have tried to help move used equipment by offering certified pre-owned programs. The idea was to provide a type of extended warranty that would entice customers to buy used equipment.

Congress tried to ...

Quick View
Related News Stories
(none currently available)