Learn how to better manage your machinery investments from Greg Peterson, a.k.a. "Machinery Pete." He's been researching and analyzing machinery auction prices for more than 20 years.
Video: Nice Smaller Equipment on MN Auction Today
Sep 07, 2013
Fun to cover auctions like this.
With nice condition small, older used farm equipment. I love the big, shiny, late-model expensive stuff at auction too, but just something about a sale like today's farm auction in Kenyon, MN that makes me smile. And apparently a lot of other folks too, judging from all the conversations I had at the sale today. I met a guy from Wisconsin who drove over because..."this is the stuff I farmed with."
Sale prices held up very well I thought. Strong, competitive bidding on (4) items in particular...the IHC 710 3-18 plow, the New Holland 355 grinder/mixer, a New Holland 489 9' haybine and finally the last item on today's auction, a nifty 1993 JD 6400 2WD open station tractor with only 905 actual "1 owner" hours. Here's what they went for:
IHC 710 3-18 Plow...sold: $2,200
NH 355 Grinder/Mixer...sold: $8,000 (pictured above)
NH 489 9' Haybine...sold: $5,200
1993 JD 6400 2WD Tractor with 905 hours...sold: $31,300
Here's a Youtube video I shot, you can see these (4) items as they sold on today's auction with my comments posted along the way through the video + more items on the sale, including that hard to find IHC 3088 tractor with 3,329 hours and a Year Round cab:
Lots more auction sale price data pouring in from all over...stay tuned.