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Supply chain shortage is driving up prices. Farmers are worried it could grow worse.
Joel Everett said he was astounded when a lightly used 2009 John Deere tractor sold at his last auction in Strawberry Point, Iowa, for tens of thousands of dollars more than it had cost fresh off the production line more than a decade ago.
Quality farm equipment is getting hard to find amid the supply chain shortage, many farmers and experts said, and its scarcity is driving up prices and raising questions about whether farmers' harvests and next year's planting season could be affected.
Some farmers are concerned that the shortage could grow worse after 10,000 John Deere workers went on strike last week. The company had reported record profits this year, and United Auto Workers union members walked off the job at 14 manufacturing plants when it refused to raise wages above 6 percent.
MORE: https://www.msn.com/en-us/news/us/s...rs-are-worried-it-could-grow-worse/ar-AAPGZGB