At this year’s Farm Progress Show, Ag Equipment Intelligence asked Case IH North America Vice President Kurt Coffey if he thought rising interest rates could put a damper on cash purchases in the future and push growers toward more leasing.
Coffey said interest rates could change buying habits, though with how much cash is still in the market, they haven’t seen it yet. However, Coffey said the situation could “drive more leasing in the near…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
