Used agricultural equipment inventories saw significant year-over-year declines at the end of 2025, with planters dropping 24% and high-horsepower tractors down 16%, creating a tight supply environment.
The market for used four-wheel drive tractors is currently a buyer's market, with prices down approximately 12% year-over-year due to overproduction in late 2023, though values for late-model, low-hour units remain strong.
A clear price divergence exists: late-model, low-hour equipment is holding its value well, while older, higher-hour machinery (e.g., 10+ years old) is experiencing price softening.
The used semi-truck market is identified as a significant, but likely short-lived, buying opportunity due to a current lull in new truck production.
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Concerns Raised
Softening market values for older, higher-hour equipment (10+ years old).
High cost of ownership and replacement for wear items like tracks and undercarriages.
Potential for a credit crunch to impact farmers' purchasing power for used equipment.
Significant value reduction for tractors with undesirable specifications (e.g., scraper use, no PTO).
Opportunities Identified
Current buyer's market for used four-wheel drive tractors due to recent price declines.
A short-lived "golden buying opportunity" is predicted for the used semi-truck market.
Strong and resilient prices for sellers of late-model, low-hour equipment due to tight supply.
Ability to acquire older, high-hour equipment at a significant discount if willing to take on maintenance risk.