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I-State, Flip Flop Farms - Congrats on the New Quad
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Massey1155
Posted 4/18/2024 09:46 (#10711304 - in reply to #10711040)
Subject: RE: I-State, Flip Flop Farms - Congrats on the New Quad



NW Iowa		U.S. Used Planters

Planter inventory levels have begun trending sideways with only marginal month-over-month changes; levels decreased just 0.24% M/M in March. However, inventory levels are still elevated compared to March 2023, up 41.66% year over year, which has exerted a downward pressure on values.
Asking values decreased 2.57% M/M, increased 6.43% YOY, and are beginning to trend lower.
Auction values have fallen at a higher rate than asking values. There is a 70% spread between asking and auction EVI; an EVI spread this high has not been observed since May 2015. Following consecutive months of decreases, auction values dropped 16.1% M/M and 15.45% YOY in March.



U.S. Used Combines

Used combine inventory levels showed a modest M/M increase of 1.72% in March after consistently rising for several months, now standing at 17.28% above the previous year’s figures. These steady inventory increases have led to falling auction values.
Asking values remained steady in March, down slightly by 0.29% M/M, up 7.9% YOY, and trending sideways. With auction values falling, however, Sandhills anticipates asking values will fall as well.
Auction values decreased 3.56% M/M and 2.14% YOY and are beginning to trend lower.



U.S. Used Tractors 100 Horsepower and Greater

Inventory levels in this category rose 2.5% M/M and 53.61% YOY. Significantly high inventory levels have put downward pressure on values for several months. If the current trends persist, values will drop further.
Asking values experienced a modest decrease of 0.76% M/M in March but remained higher YOY, at 5.11%. Asking values are trending sideways.
Auction values decreased 2.57% M/M and 0.71% YOY in response to high inventory levels. Auction values are trending sideways.



U.S. Used Compact and Utility Tractors

Inventory levels of used compact and utility tractors in Sandhills’ U.S. marketplaces continued a downward trend that started in January, decreasing by 3.75% M/M. However, inventory levels continue to be higher than last year’s figures, up 17.66% YOY in March, and are trending sideways.
Asking values showed a slight decrease of 0.77% in March after several months of decreases. Asking values were down 2.37% YOY.
Auction values declined 1.37% M/M and 3.97% YOY and are trending down.
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