Keep pulling the thread on Andy Campbell.
Andy Campbell predicts that used farm equipment prices will be significantly higher in the fall than they are now, assuming a decent growing season.
Used row crop tractor values have been rising sharply since December, with some dealers now having to source tractors from the wholesale market to meet customer demand.
The supply of used planters on dealer lots has decreased by 50% from its peak in 2023.
Inventories of used 100 to 175 horsepower tractors have dropped by 25% in the last year.
Inventories of used semi-trucks have declined by nearly 20% in the last year.
Inventories of used planters have decreased by 23% in the last year.
Tractor Zoom data on row crop tractor auction values has historically correlated with the USDA's net farm income figures.
In mid-2025, auction values for row crop tractors predicted a downturn in net farm income, contrary to the USDA's initial projection of a drastic increase.
The John Deere 8R tractor series now includes models with up to 540 horsepower in a non-articulated frame, changing market classifications for high-horsepower tractors.
High levels of aged inventory, defined as equipment sitting on dealer lots for over a year, create a strong incentive for dealers to lower prices on four-wheel drive tractors.
The current oversupply of four-wheel drive tractors is a lingering effect of COVID-era supply chain disruptions for components like wire harnesses and chips.
Andy Campbell believes the spring and early summer present the best buying opportunity for high-horsepower four-wheel drive tractors.