Farm equipment outlook 2026: used equipment and livestock support modest sales growth

The farm equipment market has been slowing for several years due to declining crop prices and rising operating costs, which have squeezed farm profits. Reduced profitability, combined with high equipment prices, has constrained equipment sales. The big question is: how long will the weakness persist and where are the opportunities?

In this outlook, we look ahead to the coming year with sales projections for new and used equipment and highlight trends in Canada’s agricultural implement manufacturing sector. While the industry remains in a downturn, trade uncertainty adds another layer of complexity. Ongoing negotiations and potential tariff changes could influence commodity markets and farmer confidence, shaping purchasing decisions in 2026. Despite these challenges, we identify areas of opportunity.

New equipment sale weakness expected to persist

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