Source: HOOSIER AG TODAY, 3/29/20 


Tractors would likely be moving at a quicker rate this year as farmers across rural America need to replace some aging machines. However, Bloomberg says there is very little movement of farm machinery in the U.S., plus European production is being hampered by shortages across the industry supply chain. Trade war uncertainties and low crop prices kept farmers from shelling out cash to replace their implements. Now the uncertainty brought on by the COVID-19 pandemic is only making matters worse as no one can say for certain how long it will last or how much it will damage the economy.

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