• Home
  • Archives
  • Contact Us
    • About
  • Reporters
  • Affiliates
  • Affiliate Support
  • Sports

Nebraska Radio Network

Nebraska News and Sports

  • Legislature & Government
  • Politics
  • Economy
  • Agriculture
  • Husker Sports
  • All Topics
  • PostsComments
You are here: Home / Agriculture / Big crop yields bring optimism for boost to farm equipment sales

Big crop yields bring optimism for boost to farm equipment sales

December 13, 2016 By Nebraska Radio Network Contributor

farm-equipmentFarm equipment sales have lagged the past few years, but there seems to be more optimism heading into 2017.

Tom Junge, of the Iowa-Nebraska Equipment Dealers Association, says this fall’s record or near-record crop yields have improved the outlook.

“Generally, there’s some optimism that maybe we’ve hit our low and we’re going to be bouncing back,” Junge said. “There has been some good activity after harvest because a lot of people had better-than-expected crops. So the bushels are going to help offset some of the lower commodity prices.”

Equipment dealer Steve Kayton, with Nebraska Equipment of Seward, says sales of big ticket items are still slow.

“It seems like anything under $50,000, we’re getting a lot of interest in. But once you get over that $50,000 mark, people are kind of thinking about it,” Kayton said.

One of the challenges for dealers is the large number of equipment auctions in the country, according to Kayton.

“There are so many auctions out there. People come in (to a dealership) and price a lot of things, but then they wait for that auction,” Kayton said. “It’s tough to compete against the auctions.”

Kayton says their parts and service business has been excellent. Junge and Kayton made their comments at last week’s Nebraska Power Farming Show in Lincoln.

Reporting by Ken Anderson, Brownfield Ag News

 

Share this:

  • Facebook
  • Twitter
  • Google

Filed Under: Agriculture, Business, News

Ricketts, Erstad team up for “Live Well” initiative

Husker Spring Game tickets to go on sale February 6th

Husker women on the verge of a win streak

Huskers land walk-on commitment from Kearney QB

Huskers fall at Rutgers 76 to 69

More Big Red News

Featured Stories

Senator warns medical marijuana opponents: petition drive waits in the wings (AUDIO)

Attorney General cautions Nebraska against legalizing medical marijuana (AUDIO)

Legislative leaders see a lot to like in Gov. Ricketts’ proposals (AUDIO)

Gov. Ricketts reveals two-year spending plan, calls for property tax relief in State of the State address (AUDIO)

Turnover rate at Nebraska prisons drops (AUDIO)

TwitterFacebook

Husker Sports

Copeland suffers season-ending injury Saturday, ending his college career

Huskers Drop Third Straight, Falling to the Buckeyes 70-60

Ricketts, Erstad team up for “Live Well” initiative

Husker Spring Game tickets to go on sale February 6th

Husker women on the verge of a win streak

Get our news delivered to your inbox:

Enter your email address:

Delivered by FeedBurner

Copyright © 2019 · Learfield News & Ag. LLC