Poll: Producers prioritize equipment investments for 2021

Regardless of uncertain times and volatile market and commodity prices, when the tractor won't start or the baler goes kaput, there is usually no option except investing in a new one. 

According to an online reader poll, equipment will be the biggest investment in 2021. Progressive Forage asked, "Are you planning to make any large investments in the next six months?" with the option to choose multiple entries.

Other investment categories included land (20.9%), irrigation (7.8%) and labor (4.3%). Almost 30% of respondents said they had no investments planned for 2021.  

Are you planning to make any large investments in the next six months?

• Equipment: 37.4%

• Land: 20.9%

• Irrigation: 7.8%

• Labor: 4.3%

• No planned investments: 29.6%