Tractor News What is driving up the demand for tractors?

[Hay Dude]

Many people are deciding that even though it might be a stretch to buy now and they might not even need it now, but due to the economic catastrophe of possible hyperinflation, its buy now, or perhaps never be able to buy at all!

 

[ovrszd]

Wow...my neighbor has the exact same tractor. Very nice ...

Thanks. I really like it. Handy size. Very well equipped for it's age.

 

[ovrszd]

Many people are deciding that even though it might be a stretch to buy now and they might not even need it now, but due to the economic catastrophe of possible hyperinflation, its buy now, or perhaps never be able to buy at all!

That'll change when we reset.

 

[Steppenwolfe]

Thanks. I really like it. Handy size. Very well equipped for it's age.

You know, they actually are a great tractor. My neighbor would never get rid of his...

 

[Steppenwolfe]

Many people are deciding that even though it might be a stretch to buy now and they might not even need it now, but due to the economic catastrophe of possible hyperinflation, its buy now, or perhaps never be able to buy at all!

 

[Hay Dude]

Yeah because people run out and buy tractors in record numbers now because prices are forecasted to drop…..

Yup

From a July-‘21 New York Post article:

”Inflation tends to be a self-fulling prophecy. If people expect inflation to increase, they will buy goods now rather than wait, driving up prices.“

Source: https://nypost.com/2021/07/12/why-were-on-path-to-a-70s-like-inflation-disaster/

 

[Torvy]

That'll change when we reset.

That will be at least 4 years. This will more likely take a decade to fix.

 

[jyoutz]

By design of our government using subsidies to control volume.

Farm state politicians are extremely powerful. And corn ethanol is a huge wasteful giveaway of tax dollars.

 

[rScotty]

That will be at least 4 years. This will more likely take a decade to fix.

Do you think it needs a "fix"? It looks like a normal cycle to me. I think we last saw it to this extent in 2008 - and for roughly similar reasons although in a different financial sector.

 

[jyoutz]

Thanks. I really like it. Handy size. Very well equipped for it's age.

I’ve always liked those 1980s Ford tractors and wished they were still made.