Illinois farmers will have to wait to get new farm equipment. Jerry Beard of Beard Implement Company in Arenzville recently told The Center Square that farmers in the region will have to pay top dollar for new equipment and wait until 2023 to get it.
Since the start of the year, the wait times on farm equipment have started to increase significantly. According to the report, Beard says wait times have doubled since the start of this year. Beard says he just fights for products to make sales. Beard also alleges that some of the major manufacturers of farm equipment raise prices when the equipment arrives.
Despite the frustrations, says Beard, overall, 2021 has been a good year for Beard Implements. Beard also told Center Square that it was the reverse issue of the business in 2013, 2014 and 2015, when commodity prices plummeted and they had both new and used equipment that they had to deal with. ‘they couldn’t sell.
According to Association of Equipment Manufacturers report, 136,227 tractors have been sold since the start of this year through May, a 26 percent increase over the same months last year. Combine sales increased 13% to 1,774 over the period.
It appears to be another supply chain issue, unable to meet demand in the country.