NEWS
"Total Market Isn't Dead"
Marcia Zarley Taylor DTN Executive Editor
Mon Jun 15, 2015 10:37 AM CDT

BELZONI, Miss. (DTN) -- Inventories of used ag equipment have flooded farm dealerships nationwide, with dealers and stock analysts expecting the situation to worsen before it gets better.

"Growers have the newest fleet of equipment in the last 40 years. They can run without high repair bills," notes Wade Litton, general manager of Wade Inc., a John Deere dealership with 11 locations in the Mississippi Delta. Well-tooled operations, combined with an abrupt collapse in grain farm incomes and uncertainty over Sec. 179 depreciation, means Litton doesn't expect equipment markets to bounce back much until 2017.

Andy Goodman, president of the ...

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