This year may not be the year to buy a brand-new John Deere X Series combine.
No matter how great it would be to raise harvest capacity by 45 percent, Canadian farmers may put off their purchase until later.
Rising farm equipment prices due to trade disruptions will alter farmers' replacement decisions says FCC.
While farmers are already cautious about per-acre equipment costs, uncertainty surrounding tariffs is adding further hesitation, potentially altering equipment replacement decisions.
FCC reports that despite current trade concerns, the Canadian farm equipment fleet is in relatively good shape, with the estimated age of most equipment at multi-year lows.
However, in the longer term, investment in new machinery will be necessary to maintain efficiency and productivity.