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Post by schwartzie on Oct 21, 2021 10:57:53 GMT -5
Biden’s Supply Chain Crisis Leaves Farmers Without Much-Needed Equipment
316 Supply Chain Affects Farm Equipment and PartsWPTV News 5 KATHERINE HAMILTON20 Oct 2021 4:28 Farmers stand to be hit hard by President Joe Biden’s supply chain crisis if they are unable to get the equipment they need before harvest time, NBC News reported Tuesday. “Crops can be damaged if they are planted or harvested late, and the insurance provided by the Agriculture Department requires that seeds are put in the ground and produce is pulled by a particular date to be fully insured,” according to the report. Matt Ackley, the chief marketing officer of Richie Bros. Auction, told the outlet that prices for farm equipment are also “growing considerably.” Richie Bros. Auction is reportedly one of the world’s largest auction sites “dedicated to the sale of heavy equipment.” Since last year, the price index for tractors has increased 19 percent. “The company’s website, where it hosts online auctions, has attracted more than 161 million visitors and 1.3 million bidders in 2021 — that’s up by 15 percent and 19 percent respectively from the same time a year ago,” according to the report. Continued at link
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