Sep 14, 2014
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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.

JD 4440 Tractor Values Up 11.5% in 2014

Jul 11, 2014

 JD4440 SK  35K

Older, but worth more money.

That's the scoop on John Deere 4440 tractor values through the first half of 2014. The iconic tractor model made by Deere from 1978-1982 is up an impressive 11.5% in value so far this year over 2013 values, despite now being 32-36 years old. Compared to 10 years in 2004, 4440 values are up 15.2% in value. Check out the data yourself below in a table showing the Ave. Auction Sale Price on John Deere 4440's over the past 18 years:

Calendar Year Ave. Auction Price High Price Low Price
2014 $22,502 $35,000 $12,000
2013 $20,190 $47,500 $6,900
2012 $17,930 $42,000 $8,500
2011 $20,480 $37,000 $9,000
2010 $19,847 $34,000 $9,500
2009 $21,475 $58,000 $6,500
2008 $20,906 $36,000 $11,100
2007 $19,576 $32,000 $9,000
2006 $20,609 $37,000 $10,000
2005 $19,181 $40,400 $6,000
2004 $19,536 $41,400 $10,600
2003 $17,456 $25,300 $500
2002 $18,209 $29,000 $8,750
2001 $18,842 $30,000 $11,600
2000 $19,500 $28,250 $11,000
1999 $19,716 $34,250 $11,300
1998 $20,601 $37,000 $13,600
1997 $21,894 $36,500 $14,500
1996 $22,567 $37,000 $14,300

* Data by www.machinerypete.com

So why are auction sale prices rising on a 30+ year old used tractor model even as commodity price levels have softened here in 2014 vs. prior years? Well. couple factors at work here I think:

1. No. of farm machinery auctions at historic low levels. Compared to 10 years ago in 2004, our data shows a staggering 53.2% drop in the No. of machinery auctions...so we're coming off an extended strong period for farm profits, folks have money and now 53.2% fewer machinery auctions taking place. More money chasing fewer nice 4440's = rising values.

2. Buyers placing increasing value on acquiring older/simpler models. "Pete, I like that I don't have to hook it up to a laptop to fix it." If I had a nickel for every time I've heard that sentiment echoed over the past few years....let's just say I'd have myself a big bag full of nickels. Late model modern tractors, combines, sparyers and planters do amazing things with computers, GPS and all manor of technology. All great....but there is definitely something to be said for the simpler, the familar, what we're used to, what we have a history with. So when the really nice John Deere 4440's show up for sale at auction now, anywhere....tons of buyer interest, which can result in things like this 1981 JD 4440 (pictured below) with 4,552 hours selling for $47,500 on a January 19,2013 farm auction in northeast Iowa:

JD4440 IA  47500

3. The start of buying nice 4440's as collector items? I know, sounds totally weird, but I think its' true. I've been writing, talking and blogging a lot the past couple years about what I call "The New Collector Tractor"...rising auction sale prices on nice original or restored tractor models from the mid 1960's - mid 1970's. Well, it feels to me like this trend now may be stretching out to encompass classic well loved tractor models from the late 1970's into the early 1980's...so bingo on John Deere 4440's.

Here is a Youtube video I just posted this morning with a closer look at rising values on John Deere 4440 tractors this year, highlighting (5) very nice ones sold around the country + video I shot of a nice 1981 model 4440 with 4,160 hours selling on a June 19, 2014 farm auction in north-central Iowa:

www.machinerypete.com

www.facebook.com/machinerypete

www.youtube.com/machinerypete

 

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