We get a lot of questions about if farming is more expensive in Canada or not. Since land prices vary dramatically, we’ll answer this similar to yesterday’s post, with a fun game of ‘Guess what this costs’.
Today’s version is in Canadian $. As of when we are writing this the exchange rate is $1 Canadian = 0.75126 USD. If you want to do a quick exchange to your currency you can use the currency converter for the Royal Bank of Canada here.
For the sake of fairness, we are using the ‘posted price’ from GVE for used equipment.
4 wheel drive tractor - 9470R - 2015
Combine -S680 - 2016
Air Seeder - 1890 - 2014
Self Propelled Sprayer - R4038 - 2016
Elmers Grain Cart - 1600 bushel - 2017
—Below this line is the answers, so don’t scroll down until you’re ready :) —
$346,500 - 4 wheel drive tractor - 9470R - 2015 (approx $260,311 USD)
$453,200 - Combine -S680 - 2016 (approx $340,471 USD)
$186,800 - Air Seeder - 1890 - 2014 (approx $140,335 USD)
$435,800 - Self Propelled Sprayer - R4038 - 2016 (approx $327,400 USD)
$126,000 - Elmers Grain Cart - 1600 bushel - 2017 (approx $94,660 USD)
So, while the actual pieces and condition of used equipment varies, along with key variables like engine hours, the exchange rate is fairly favorable towards the price being lower in Canada. The notable exception would be the self-propelled sprayer, which seems to be more expensive in Canada, so we did a little more research and that seems to hold true.
Hope you had fun playing another game of ‘how much does it cost?’, and also learning about the impact of exchange rates on equipment cost.
If you have any questions you would like us to answer, or you’re curious about how to answer a question you always are asked as a farmer let us know. Comment below, or send us a message on Instagram or Facebook - we love hearing from you!