You cannot ignore the Impact of the increase in sales during 2020-22 because all those buyers no longer need to buy another tractor for the considerable future.
All the charts and farm talk kind of lost me somewhat, so Ill just ask you straight out..... is it a good time to trade in my 2004 Kubota M4800 4WD (1856 hours) with loader and 2022 6 foot rotary cutter? or keep what I have ?
Everyone has gotten used to abnormally low interest rates. Rates right now are at a historically normal and we need to get used to it. Doesn’t mean we can’t look forward to, maybe, 2% or 2 1/2% decrease but it may take a while.
A 50hp kioti was 3000 less than a 48hp Kubota when I was shopping. Kubota has better resale value and for such a minimal price difference, even the fit and finish of the Kubota was worth the price difference. 5-10k difference, I’m a kioti owner. $3k, no thx.
Hi Tractor Mike. I really enjoy your videos so please keep them coming. I have a question for you and really hope you will be able to help me with it. As you know, those old 2 cylinder John Deere tractors have that unique beat to them. Yet other 2 cylinder diesel or gas engine have a different beat. Hopefully you will be able to help me with this. Perhaps it could be the subject for one of your future videos. Many thanks and take care. Graham White, KZN, South Africa.
Is your website active? I want an add-a-grapple...but I would like to talk to you about it. I went to the website, but I saw no way to contact you. Thanks
Heaven forbid they reduce the prices of their equipment a few grand to increase demand and still make billions in profit, but the CEOs make a couple million less in bonuses. You can't expect them to give up their third beach house. But I have degrees in Economics and Finance and have owned a business since 2003, so what do I know.
@powrguy1696 JD made $30M a day in 2023. If you have an answer for what caused this situation other than blatant profiteering, please let us know, smart guy.
Supply and demand is a pretty basic elementary economic concept. Companies also have to make money when demand is up so it can survive when demand is down. Have seen it over the decades, demand goes up, lots of new companies competing for market share with their low prices, demand cools off, and the new cheap company bellies up. It happens in many industries.
Nice conversation on what happened , but the reasons ? China has developed new suppliers of row grains from Brazil, Russia , Argentina. Even if US farmers can buy cheaper equipment , to what end is that if you need to grow LESS.
Mike, it's the same as vehicles. They're too darn expensive.
Just can't imagine farming 5k+ acres of land. Crazy numbers in all that! Too bad the small farms are being squeezed out.
WHEN they want 32K for a Kubota BX 23 s and too bull headed to work with ya. Their damned lots can stay packed Far as I'm concerned
You cannot ignore the Impact of the increase in sales during 2020-22 because all those buyers no longer need to buy another tractor for the considerable future.
All the charts and farm talk kind of lost me somewhat, so Ill just ask you straight out..... is it a good time to trade in my 2004 Kubota M4800 4WD (1856 hours) with loader and 2022 6 foot rotary cutter? or keep what I have ?
depends if you have money to waste just to have something new, new doesnt equal better anymore, even more so with kubota
@@Joe-y1d2y keep what you have
Everyone has gotten used to abnormally low interest rates. Rates right now are at a historically normal and we need to get used to it. Doesn’t mean we can’t look forward to, maybe, 2% or 2 1/2% decrease but it may take a while.
Kubota is gettiing crushed by Kioti and Tym. The hobby farmer doesn't have $50k to spend on a Kubota tractor.
A 50hp kioti was 3000 less than a 48hp Kubota when I was shopping. Kubota has better resale value and for such a minimal price difference, even the fit and finish of the Kubota was worth the price difference. 5-10k difference, I’m a kioti owner. $3k, no thx.
What is your thoughts on equipment. I am eyeballing a new Krone Tedder that is $2700 off list.
This is the time to negotiate aggressively
The lumber industry done the same thing, short term thinking with long term problems
Price$$$$. The models haven’t changed throughout all hp ranges yet huge $jump.
Always enjoy these Mike and thanks for covering all the HP ranges
What are you seeing in the compact equipment markets Mike?
Hi Tractor Mike. I really enjoy your videos so please keep them coming. I have a question for you and really hope you will be able to help me with it. As you know, those old 2 cylinder John Deere tractors have that unique beat to them. Yet other 2 cylinder diesel or gas engine have a different beat. Hopefully you will be able to help me with this. Perhaps it could be the subject for one of your future videos. Many thanks and take care. Graham White, KZN, South Africa.
Is your website active? I want an add-a-grapple...but I would like to talk to you about it. I went to the website, but I saw no way to contact you. Thanks
Jimmy, shoot me an e-mail at mike@asktrasctormike.com with your phone number and I'll give you a call. Thanks!
@@TractorMike I have done a lot of business with Mike and he's super responsive.
The 4WD articulated market is up because of construction use, mainly pulling scrapers.
I'm considerig buying a small excavator. How is the small construction equipment sector doing?
Thanks, Brandon.
I hope our dealer network is strong enough to get through.the next little bit.
The Whitetail I’m guessing it scores about 170pts. And the mule is good size, congrats.
Heaven forbid they reduce the prices of their equipment a few grand to increase demand and still make billions in profit, but the CEOs make a couple million less in bonuses. You can't expect them to give up their third beach house. But I have degrees in Economics and Finance and have owned a business since 2003, so what do I know.
Apparently, not much.
@powrguy1696 JD made $30M a day in 2023. If you have an answer for what caused this situation other than blatant profiteering, please let us know, smart guy.
@@Noah_E Shocker: Most businesses are trying to make a profit.....it's what they do. You don't like it? You're not forced to buy it.
@powrguy1696 nobody has a. Issue with businesses making a profit. It is marking prices up way beyond what is reasonable that we have an issue with it
Supply and demand is a pretty basic elementary economic concept. Companies also have to make money when demand is up so it can survive when demand is down. Have seen it over the decades, demand goes up, lots of new companies competing for market share with their low prices, demand cools off, and the new cheap company bellies up. It happens in many industries.
Ty Mike interesting
in australia kubota 25% inc in 3 yrs
Nice conversation on what happened , but the reasons ? China has developed new suppliers of row grains from Brazil, Russia , Argentina. Even if US farmers can buy cheaper equipment , to what end is that if you need to grow LESS.
Greedy corporations.
Wait for those Trump tariffs....hang-on if you can!
🤔 😏 😂😂😂😂😂
Why let a foreign country make money,do something to keep the manufacturing and profits in the US,you evidently don't know tariffs
Biden continued the tariffs after Trump left office.
@LogoTimeClark true but Democrats won't admit that
@@mikelembke5121then ‘splain it Lucy
Price and Sleezy salesman trying to Nickle and dime you with useless add ons
What happened is a joe biden economy
Economy? Most farmers were waiting and hoping for Trump to win. Watch next 6 months for huge jump in tractor sales.