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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 8330 Tractor Sold for Record Price on Iowa Auction

Jul 01, 2013

Low hour used tractors continue to sell for red hot prices on farm auctions all over North America.

More proof came Saturday (June 29, 2013) at the southwest Iowa farm auction I covered. The sale was near Lenox, IA. A 2008 JD 8300 tractor with only 277 hours sold for a new record auction price of $210,000. Here's Youtube video I shot at the sale with my comments dropped in: 

From 2007 up through 2011 I only saw (1) JD 8330 tractor ever crack $150,000 at auction, that being the 2009 model 8330 with 526 hours sold for $154,000 on a 12/10/10 farm auction in northeast Missouri. Since early 2012 how many JD 8330's have I seen sell over $150K?

Seven. Here's the list:

Make Model Year Hours Price Date Area*
JD 8330 2009 1022 $152,200 3/22/12 ECMD
JD 8330 2009 970 $151,000 3/22/12 ECMD
JD 8330 2009 1070 $151,000 12/6/12 SEIA
JD 8330 2008 1102 $157,000 2/22/12 WCNY
JD 8330 2007 850 $167,000 8/24/12 SWMN
JD 8330 2006 694 $167,500 4/27/13 WCSK
JD 8330 2008 277 $210,000 6/29/13 SWIA

* Area sold: SWIA = southwest Iowa, etc.

Pretty massive jump in price there on Saturday's southwest Iowa auction, don't you think? $42,500 over the previous record high auction sale price of $167,500. But folks, I've been seeing similar record sale prices smashed on really good condition, low hour used tractors for quite a while now. One thing I've got my eye trained on currently:

The growing sale price difference based on TYPE of machinery auction. These farm retirement and estate auctions with good equipment are producing these premium sale prices, record smashers like the JD 8330 on Saturday's sale. Meanwhile auction prices on the larger consignment and dealer auctions have been drifting a bit "softer" here late Spring 2013 into Summer.

Stay tuned.

Here are a few pics of some of the nice JD 8330's I've seen sold at auction the past 18 months:

2009 JD 8330 with 1022 hours sold for $152,200 on 3/22/12 farm sale - east-central Maryland

2009 JD 8330 with 1,022 hours sold for $152,200 on 3/22/12 farm sale in east-central Maryland

2008 JD 8330 with 1,102 hours sold for $157,000 on 2/22/12 farm sale in west-central New York

2008 JD 8330 with 1,102 hours sold for $157,000 on 2/22/12 farm sale in west-central New York

2007 JD 8330 with 850 hours sold for $167,000 on 8/24/12 farm sale in southwest Minnesota

2007 JD 8330 with 850 hours sold for $167,000 on 8/24/12 farm sale in southwest Minnesota

2008 JD 8330 with 277 hours sold for $210,000 on 6/29/13 farm sale in southwest Iowa

2008 JD 8330 with 277 hours sold for $210,000 on southwest Iowa farm sale on 6/29/13.

 

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