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.
Hot Prices on Small Equipment on Wisconsin Auction
Aug 28, 2013
I'm at the 2013 Farm Progress Show this week. Shiny new big stuff everywhere. Tons of buyer interest, strong sales. Great.
But you know where the real action is? On really good condition smaller used farm equipment. I'm talking a scorching "hot" market. Don't believe me? Just chew on the sale prices on the following items sold yesterday (August 27, 2013) on a farm auction in central Wisconsin:
IHC 1250 Grinder/Mixer: $9,000 (new record sale price)
Bush Hog 10' Offset Disk: $4,450
New Idea 324 2-Row Corn Picker: $3,000 (Highest sale price in U.S. since 12/12/99)
And I'll leave you with this...a Youtube video clip below of the sweet Allis Chalmers 7020 tractor with only 2,780 hours sold on yesterday's central Wisconsin farm auction for another new record high price ($15,750):
The shiny new big stuff is awesome, but the old, small stuff in really good condition is hard to find and when it does show up for sale on farm auctions? Bring your checkbook and be ready to bid, and big again.