Since the outbreak of COVID-19 we’ve been constantly monitoring the market. On our Tradus Blog we share the latest updates and tips for both buyers and sellers. Recently we’ve researched the impact of COVID-19 on the agricultural industry in March 2020. Find out what we’ve discovered.
Search for agricultural equipment continues
In the first month the COVID-19 pandemic reached a global scale, the market showed minimal response. Compared to a month earlier, the search volume in March 2020 went down by just a little over seven percent. As a comparison, the drop in interest in used agricultural machinery that the market observed during the financial crisis in 2009 was much steeper.
Less volatile industry
Usually the interest in capital goods such as agricultural machinery takes a dive when a crisis hits. However, because of the steady demand for agricultural products, this sector proves to be less volatile than other industries. A good sign, especially when considering the role of the agricultural sector in supplying food to the population.
There are other reasons why we see such a small decline in searches for used agricultural equipment. With many production lines being temporarily closed, the supply of new machines will stagnate. Buyers looking for new equipment may turn to used tractors, used harvesters, and other used farming equipment. This could even lead to an increase in demand for used machines – despite the crisis.
Last but not least, crises always force companies to perform budget cuts. Every expense is extensively weighed, which means investments in machinery have to be carefully considered. When investing on a tight budget, turning to used instead of new equipment could prove to be a smart decision.
Where we come in
In these times Tradus proves to offer a valuable tool to businesses looking for smart investments. See how our heavy machinery marketplace can help you.
Large online marketplace
Our large online marketplace offers a wide range of heavy equipment in every shape and size – including farming equipment. Our farming section alone has fifteen different subcategories, each with their own subcategories.
Advanced search options
To make your search for the right equipment easier, we’ve implemented detailed search options for farming equipment. These search options allow you to search equipment down to the smallest detail.
Our heavy equipment sellers have all been manually pre-approved to ensure scammers have no business on our platform. In addition to pre-approving sellers, we constantly monitor our marketplace and take any complaints very seriously.
Well-documented used equipment
Most of our sellers put a lot of effort in providing detailed and truthful information about the items they offer. This gives you the opportunity to check as much as possible online, and saves you time and hassle.
Speaking of saving time and hassle: Have you seen our unique Tradus Market Value Tool? Helping buyers and sellers alike, this tool helps determine the fair market price of an item. Imagine the time you’ll save not having to research prices anymore!
Found the perfect used machine, but in a country where they don’t speak your language? No worries. Our translation software will make sure you can communicate with the seller problem-free.
Take a look on our marketplace
Interested to see what we can do for you? Find your next used farming vehicle or machine today on Tradus. Browse our used agricultural equipment now!