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Farm equipment auctions in Arkansas have reached an all-time high with more than 60 liquidation sales since December 2024. Tractor sales are down 13% year-over-year while combine sales have crashed 48%. National combine sales collapsed 78.9% in January 2025 alone, dropping from 460 units sold to just 97. This marks the 13th consecutive month of declining equipment sales, mirroring the worst collapse since the 2015 agricultural crisis. Used equipment values are plummeting at unprecedented rates. High-horsepower tractors have fallen 18-23% from 2023-2024 levels, with some regional auctions reporting values down as much as 40%. Greg Peterson, known as Machinery Pete, confirms this is "one of the largest declines in history" and the "biggest drop I've ever seen since 2014-2015." The inventory explosion tells the full story: 300+ horsepower tractors are up 85% (nearly doubled), combine inventory is up 17%, and dealers are paying 8% interest on equipment sitting on their lots with no buyers in sight. Scott Brown, a farmer from Biggers, Arkansas, explained the impossible situation at a September 2025 meeting: "I farm 800 acres by myself, I can't afford any help, I farm with paid-for equipment, all my tractors are 50 years old, and I can hardly make this deal work. How are the guys farming 5,000 and 10,000 acres with 20 hands and million-dollar combines and million-dollar drills going to make it work?" Brown warns that "you are going to lose 25% to 30% of the farmers in this country if they don't do something." Farmers are trapped in a death squeeze: they can't afford new equipment (prices up 287% since 1990), they can't sell old equipment for anything close to what they paid (values down 18-40%), and they can't get loans to bridge the gap as banks tighten lending standards. With commodity prices projected to fall further in 2025-2026 and input costs remaining elevated, equipment auctions will continue surging. Net farm income has dropped 20% from 2023 to 2024, corn income is down 35%, and soybean income is down 36%. The Federal Reserve reports that 2% of farmers who qualified for loans in 2024 can no longer qualify in 2025. This isn't just a market downturn—it's a fundamental restructuring of who owns the land and equipment that produces America's food.