The Big Dip
Mon Oct 5, 2015 11:29 AM CDT

CHARLOTTE, N.C. (DTN) -- When Iowa farmer and financial consultant Chris Barron asked two experts to appraise the year-end value of his family's farm equipment last December, he was shocked by the damages. Overall, their equipment line had depreciated 29% compared to year-end 2013 -- about triple the adjustment absorbed by the state's average land values.

"I don't know how it could go too much lower," Barron said. "But it gave us a reality check."

The farm equipment industry expects price erosion in used equipment to slow to the single digits in 2015. Still ...

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