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Sep 23, 2014
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February 2014 Archive for Machinery Pete

RSS By: Greg Peterson, AgWeb.com

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.

1972 JD 4020 Sold for $30,000 Today on Indiana Auction

Feb 22, 2014

JD4020 IN  30K 

"First one to $30,000 wins it."

That was the quote this afternoon from the auctioneer with Schrader Real Estate and Auction Company selling the 1972 JD 4020 diesel, side console tractor (pictured above) with 4,180 original "1 owner" hours on a Columbia City, IN auction. He was right....it did sell for $30,000.

Bidders were salivating for this beautiful, original, low hour 1972 4020. The online pre-bid was already up to $14,950. When the live auction chant started the first bid came in at $20,000. Within 45 seconds the bidding was up to $25,000. "First one to $30,000 wins it."


$30,000 is the higheset auction sale price I've seen on a JD 4020 that wasn't a super rare Hi Crop or front-wheel assist model since a November 21, 2007 farm auction in northwest Ohio where I saw this 1972 JD 4020 diesel with only 2,499 actual "1 owner" hours sell for $31,000:

JD4020  31K

Here are a few more pics of the 1972 JD 4020 sold on the Indiana auction today for $30,000:

JD4020 IN  30K pic2


JD4020 IN  30K pic3


JD4020 IN  30K pic4


JD4020 IN  30K pic5


JD4020 IN  30K pic6


JD4020 IN  30K pic7


JD4020 IN  30K pic8


JD4020 IN  30K pic9





Brand New Planter For Sale on Iowa Farm Auction

Feb 17, 2014

 JD1770 16R IA neverused2014

Brand new. Never used.

I don't see these adjectives too often when it comes to covering farm machinery auctions. Occasionally, they come into play, unfortunately mostly on farm estate auctions where the owner has recently purchased the piece of equipment, but passed away before ever getting the chance to put it to work in the field.

That is the circumstance with the planter pictured above, a 2014 John Deere 1770NT 16R-30 CCS planter coming up for sale on a Feb. 26, 2014 farm estate auction in Mt. Ayr, IA. Here are the full specs on this planter:

"2014 JD 1770NT 16R-30 CCS planter, SeedStar XP, hyd. variable rate drive, 2 pt. hitch, pro series hoppers, Rowcommand clutches, walking gauge wheels, accucount sensors, active pneumatic down force, NT coulters w/ Yetter floating row cleaners, ProMax 40 corn disk, BRAND NEW!, SN# 1A01770YCDM755528"

I hear you wondering ou there..."Pete, what's the highest auction sale price you've seen on a John Deere 1770 16R-30 planter?" Good questions. Answer: $104,500 for a 2012 model sold on a December 10, 2013 farm auction in northwest Iowa. Here were the specs on that planter:  "2012 1770NT CCS 16R-30 planter, low acres, pneumatic down pressure, Seed Star XP monitor system, Hyd. seed shaft vari rate control, Smart Boxes new in 2013, Sharks tooth trash whippers."

So will the 2014 model 1770NT 16R-30 sell for more $$? If so, how much more? Stay tuned. We'll find out Feb. 26th. Here is a link to the Feb. 26th farm estate auction sale bill in Mt. Ayr, IA:  www.sullivanauctioneers.com/02.26.14.Bjustrom/auction.html

Here are a couple other BRAND NEW / NEVER USED items I've shot video of selling at farm auctions:

2011 JD 9770 STS Combine, 0 Hours: 11/16/12 sale central Minnesota


2010 JD 8345R Tractor with 0 Hours: 3/30/10 sale east-central North Dakota








Big Equipment, Big $$'s on Missouri Farm Auction Today

Feb 10, 2014

 Big toys for big boys on a farm auction today (February 10, 2014) in northeast Missouri. The sale was by my friends at Sullivan Auctioneers near Labelle, MO. A few sale price highights for you:

2005 Caterpillar D6R XL dozer w/ 3-shank rear ripper, 8,823 hours, sold: $120,000

CatD6RXLdozer MO  120K


2006 JD 200C LC excavator, 3,863 hours, sold: $106,000

JD200CLC MO  106K


2011 Versatile 435 4WD tractor, 715 hours, sold: $177,500

Versatile435 MO  177500


2011 Massey Ferguson 8680 tractor, 621 hours, sold: $146,000

MF8680 MO  146K


2010 New Holland T8050 tractor, 876 hours, sold: $158,500

NHT8050 MO  158500


1982 JD 8640 4WD tractor, 5,406 hours, sold: $20,000

JD8640 MO  20K


1996 Talbert 50-Ton trailer, sold: $38,500

Talbert50Tontrailer MO  38500


2007 Gleaner A75 combine, 2,158 engine hours, sold: $95,000

GleanerA75 MO  95K


1999 Case 1845C skid steer, 3,215 hours, sold: $11,700

Case1845C MO  11700


1989 IHC Loral Easy Rider 2000-C fertilizer spreader truck, 7,431 hours, sold: $28,000

IHCLoralEasyRider MO  28K


2009 JD 568 round baler, sold: $27,000

JD568 MO  27K


2009 Hesston 3312 12' discbine, sold: $14,000

Hesston3312 MO  14K


2012 Vermeer R2800 28' twin V rake, sold: $19,750

VermeerR2800 MO  19750


2012 Westfield MK100-81 auger, sold: $9,000

WestfieldMK100 81 MO  9K





Grandpa's 4020

Feb 05, 2014

Grandpas4020 FB Kyle 

Granpda's 4020.

A love story really. Love of a man and his trusty old tractor he'd used well for 48 years, but also a family love story for Grandpa/Dad. The story came my way via our Facebook page (www.facebook.com/machinerypete) this week. I got the following note from Kyle H. from Carbondale, IL:

Dear Pete: "This picture (above) is of a 1964 4020 powershift that my grandfather Gerald Palm bought new in Havana, IL. The tractor was used daily up until about 5 years ago. Grandpa always dreamed of seeing it look new again, but didn't figure he would because he had lung cancer and was getting in bad shape, so for Christmas my father and I began to bring it back to life. Before restoration the tractor had well over 14,000 hours and spent a lot of its life outside. Within a little over a month there wasn't a bolt untouched and everything rebuilt. He (Grandpa) was like a kid in a candy store to see the final product and passed away November 2012."

Here are a couple pics of the restoration work in process:

Grandpas4020 pic2


Grandpas4020 pic3

Kyle relayed more about Grandpa's 4020:

"The tractor was featured in Antique Power July/August 2012 edition. He used it to do everything from plowing to feeding livestock to using as tranportation to check cows when a pickup would get stuck. All the parts came from Deere except the tach which was an OEM red needle powershift tach which came from eBay because it is discontinued from Deere."

"He was hesitant for years to do a restoration because he loved to use the tractor and didn't want to scratch the paint whenever it would get finished!"

What a beautiful, thoughtful and truly special gift to give to your father/grandfather in the twilight of his life...his favorite tractor from a life of farming, brought back to like new condition. Like I said...a love story.





(2) JD 4440's with Higher Hours Push $30K at Auction

Feb 01, 2014

 JD4440 IL  29500

Almost $30,000. Twice.

For a pair of very slick JD 4440 tractors with higher number of hours sold at auction this past week. Today (February 1, 2014) as a matter of fact on the 1981 JD 4440 pictured above. This 1981 4440 with a total of 5,898 hours sold for $29,500 on a farm auction in west-central Illinois. This on top of the 1979 JD 4440 with 6,756 hours sold for $29,000 on a farm auction last Saturday (January 25, 2014) in north-central Ohio. I just posted a Youtube video showing that beautiful 4440 selling, here it is, enjoy:

Just more solid proof here folks with both these JD 4440's how older used tractors in very good condition are holding their value and in fact, even RISING in value as they age. Not long ago 4440's with pushing 6,000 to 7,000 hours, no matter how nice, would have had NO chance of pushing $30K at auction...but right now? You bet they do.





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