← Front page

Marketplace · Friday, September 4, 2026

Farmers Cope with Rising Costs by Repairing Older Equipment

Due to soaring diesel, fertilizer, and machinery prices, farmers are increasingly relying on older, non-computerized equipment that is easier and cheaper to repair. This trend is driven by budget constraints and the high cost of new machinery, with farm equipment sales declining.

companyAssociation of Equipment Manufacturers

The tape

3 quotes
Diesel prices hit an all-time high today, $5.85 a gallon. That's tough for a lot of industries, but especially tough for farmers, who are also dealing with higher fertilizer costs, and farming machinery prices that are reaching historic highs.
More likely, we'd we'd, uh, update if we had, uh, financial resources and the, uh, justification for it. We have a budget, we have to live within.
Kellogg
Farm equipment sales have declined by more than 20 percent this year, according to data from the Association of Equipment Manufacturers.
Heard on Marketplace — “Wage growth disappoints, published Friday, September 4, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.
Transcribed via Gemini audio transcription · $0.04
Farmers Cope with Rising Costs by Repairing Older Equipment — Heardvine