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.
JD Planters on North Dakota Farm Auction Sold to Online Buyer From South America
Jul 10, 2013
You never know these days.
Where buyers might come from at a machinery auction. Case in point: a July 1, 2013 farm retirement auction in little Northwood, ND, population 941, in the northeast corner of North Dakota. (2) older John Deere planters and a Farm Fans grain dryer sold to an online buyer from South America.
Auctioneer Harley Camperud had this auction on www.Proxibid.com with "live" internet bidding. Clearly it paid off as the whole sale was very strong in terms of auction sale prices, including a 1998 JD 9400 4WD tractor with 4,900 hours sold for $74,000. But it was the items heading to South America that caught my attention:
JD 7300 12R-22 planter sold for $12,500 to buyer from South America
JD 7100 8R-30 planter sold for $4,000 to buyer from South America
Farm Fans CMS 10E grain dryer sold for $600 to buyer from South America
Auctioneer Harley Camperud has been in the business for 47 years and knows these days the key is to spread the word far and wide on all your sales. But South America...for a pair of old John Deere planters and an old grain dryer? Yep, that's where they're headed. Camperud told me there was another online bidder from near Afghaistan on this July 1st auction in northeast North Dakota.
Amazing times we're living in, don't you think?
For more auction pricing information, visit www.Machinerypete.com.