Farm equipment and machinery manufacturers faced labor and raw material shortages during the COVID-19 pandemic, and that shortage is extending into the 2021 crop year. Many farmers report long wait times to get the parts they need to conduct seasonal maintenance ahead of and during spring crop planting, and machinery companies are confirming the supply logjams. Current grain market prosperity isn’t helping, as new machinery orders are are as high as they’ve been in decades, by some measures the highest in almost 30 years. In some cases, new tractor orders are being delayed by as long as eight months, according to some dealers, as North American tractor supplies shrink to their tightest levels in almost 20 years, new data show. The logjams have some global manufacturers looking to shift production from different parts of the world to the U.S. to meet continued strong demand. See more on the farm machinery supply situation.
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