outlook

New farm equipment sales expected to be slow in 2024: FCC Report

New farm equipment sales expected to be slow in 2024: FCC Report

Dec 5, 2023 | 9:06pm
Farm Credit Canada is projecting new farm equipment sales in 2024 to slow down, based on a variety of factors. In FCC’s Canadian Farm Equipment Market Outlook, the conclusion is based on high interest rates, increased equipment prices, a decline in commodity prices, drought in Western Canada, and tighter revenues in the livestock sectors. A […]