Tractor, combine supply to stay tight for two years: economist

Nov 25, 2022

Farmers wanting to buy a new tractor or combine need deeper pockets and patience with delivery.

“Overall demand for farm equipment is projected to remain strong into 2023, despite rising interest rates and a weakening Canadian U.S. exchange rate,” says a report by senior economist Leigh Anderson of Farm Credit Canada.

Demand is buoyed by strong farm cash receipts, even with commodity prices softening from peak levels.

Farm equipment manufacturers are expected to increase the delivery of new equipment orders but inventory levels will remain below pre-pandemic levels and “could remain tight beyond 2024.”

Disruptions in supply chains by the pandemic have reduced equipment sitting in the lot.

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Video: Dr. Emerson Nafziger: Nitrogen Fertilizer Rates for Corn

The Crop Science Podcast Show, Dr. Emerson Nafziger from the University of Illinois breaks down decades of nitrogen research. From the evolution of N rate guidelines to how soil health and hybrid genetics influence nitrogen use efficiency, this conversation unpacks the science behind smarter fertilization. Improving how we set nitrogen fertilizer rates for rainfed corn is a key focus. Discover why the MRTN model matters more than ever, and how shifting mindsets and better data can boost yields and environmental outcomes. Tune in now on all major platforms!

"The nitrogen that comes from soil mineralization is the first nitrogen the plant sees, and its role is underestimated."

Meet the guest:

Dr. Emerson Nafziger is Professor Emeritus of Crop Sciences at the University of Illinois at Urbana-Champaign, with degrees in agronomy from Ohio State, Purdue, and Illinois. His research has focused on nitrogen rate strategies and crop productivity. He co-developed the Maximum Return to Nitrogen (MRTN) model, which is widely used across the Midwest. His research spans N response trials, hybrid interactions, crop rotation effects, and yield stability.