Moving Iron: Shifting Demand as Tweeners Give Way to Bigger Horsepower
Description
In this episode of Moving Iron with Casey Seymour and Greg Peterson, the guys break down a fast-shifting ag equipment market where inventory is tightening but prices remain surprisingly firm. Despite last year’s steep declines, auction prices for big iron—like the 8R 410 and 9RX 640—slipped only about 3% in 2023, even as the supply of these models at auction fell by more than two-thirds. The crew digs into what this means for dealers, buyers, and farmers navigating an equipment landscape where scarcity premiums may become the new normal. Casey and Greg explore the rising demand for high-horsepower machines and how “tweener” tractors are being squeezed as producers shift to larger models. They also look at the rapid speed of tech adoption in agriculture—fueled by connectivity, data, and social channels—and agriculture’s continued role as a technology leader, from early GPS integration to today’s precision tools.
Market analyst Sean joins the discussion to unpack USDA reports, corn price swings, and how policy decisions and year-end buying strategies are shaping commodity values. With some skepticism surrounding the next USDA release due to the government shutdown, the team points to the January report as the one to watch. Buckle up—it’s time to move some iron.
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