Agriculture

Agriculture

Industry Challenges

The agriculture industry is always changing.

  • Farm Equipment Sales are Slowing 

    Following years of demand and high farm profitability, many farmers have stopped buying and financing equipment, mainly due to inflation and slimming margins. 

  • Financing Farm Equipment is More Difficult 

    Tough credit conditions, including rising interest rates and a more stringent lending environment, have caused equipment sales to slow.

  • Market Volatility is Causing Concern 

    A decline in commodity crop prices has forced farmers to consider low-cost alternatives, such as used and rental agriculture equipment, rather than buying new.