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Outlook varies for farm equipment sales during COVID
By Bill Schaefer
For Idaho Farm Bureau Federation
POCATELLO - While the U.S. economy continues to slowly recover from the impacts of COVID-19, a recent report indicates that U.S. agriculture enjoyed record net farm income during 2020.
Net farm income in Idaho and the United States are both estimated to have increased substantially in 2020.
With the increased farm income, said UI Agricultural Economist Garth Taylor, Idaho farmers and ranchers should be sheltering their increased revenue with land or equipment purchases.
Where are they going to shelter this? Taylor asked rhetorically. Well, they re going to incur some additional expenses and try to update their equipment line and try to buy land and other expenses. ....

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