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.
It Ain't All Shiny
Jul 19, 2013
I'll be honest. I'm not the neatest guy in the world.
Ask my wife. She's put up with my semi hoarding, never toss anything tendancies for 24 years now. Maybe that's why I'm always so awed by farm operations and machinery sheds kept spic and span, neat as a pin. As I've written, bloged and talked about for years now, farm auctions featuring these meticulously kept and cared for equipment always produce very strong sale prices.
Then there's the other end of the spectrum.
Farm equipment that hasn't seen the best of care. Left outisde. For decades. Trees and shrubs growing up and through the rusted out iron. Even so, I'm no less drawn to farm auctions featuring this type of equipment for sale. As I like to say..."it ain't all shiny out there."
This morning I got looking at pics of farm equipment for sale on an August 1, 2013 farm estate auction in Glenwood, MN (west-central Minnesota), a sale by my friends at Henslin Auctions. Let's say this stuff has..."character." Here are a few pics:
I'm just as interested to find out what all these items sell for as the big, shiny new stuff. Same principal applies...whether you're looking to buy, sell, trade or appraise a rusty old piece of junk, or a 1-year old used combine...what's it worth? Is it worth $350? $375? $280,000? $285,000?
Two weeks after this August 1st farm auction featuring a bit "rougher' equipment, Henslin Auctions (www.henslinauctions.com) will experience the other end of the iron spectrum, selling shiny, big, low hour equipment items on their August 15th farm auction in Princeton, MN. On that sale is a 2011 John Deere 8285R tractor with 246 hours and the ILS package. Here's a pic:
Variety is the spice of life. Can't wait to find out what all this stuff goes for.