Sarnia

Farm Machinery Sales Dip Over Summer

As prices for major grains have declined over the summer, so have farm machinery sales.

Robert Meier, territory sales manager for CASE International, feels it's all just part of the ebb and flow of the business.

When asked if the slow down in land values was also a factor, Meier admits it's likely in the back of buyers' minds.

"People look at their total asset and that's maybe depreciated somewhat. It's psychological, slows them down from going too much," says Meier.

Meier says dealers have experienced increasing sales for a number of consecutive years, so a slow down was expected. However, he feels as long as yields are decent for the next year or two, farmers will continue to spend.

He also notes most dealerships should be able to handle the lull in sales, as there's plenty of used machinery now available.

Many dealers are at Canada's Outdoor Farm Show in Woodstock this week.

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