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 4955 Sold for $77K on Minnesota Auction
Aug 09, 2013
1990 JD 4955 tractor with 4,436 hours sold for new record auction price of $77,000 on August 8, 2013 farm auction in Bird Island, MN
"We had a wild one."
That was the quote I got last night from long-time auctioneer friend Allen Henslin about the farm auction sale Henslin Auctions, Inc. had yesterday (August 8, 2013) in Bird Island, MN. Basketball fans in the Land of 10,000 Lakes know Bird Island as the home of the boy's Class A state basketball champions back in 1980 & 1981. I know Bird Island as a beautiful little farming town in west-central Minnesota, not far from where I grew up.
So a "wild" farm auction yesterday, what was Allen Henslin referring to? Let me give you (2) examples:
1. 1990 John Deere 4955 MFWD tractor with 4,436 hours, sold: $77,000
2. CaseIH 496 25' disk, sold: $21,000
Those are both new record high auction sale prices folks. You can see a pic of the JD 4955 above, a real beauty. Just a continuation of the trend I've been tracking/following now for a LONG time....rising premiums being paid at auction for very nice condition used tractors with bit of age on them (color doesn't matter), like this 23-year old JD 4955 with 4,436 hours.
$77,000 smashed the previous record auction sale price of $69,500 which was set not long ago, on a March 9, 2012 farm auction in southeast Michigan. That JD 4955 was also MFWD and had 4,170 hours and was in "Excellent" condition. Here's a pic of that tractor:
1989 JD 4955 tractor with 4,170 hours sold for $69,500 on 3/9/12 farm auction in southeast Michigan
There was another recent auction sale price record set on John Deere 4955's, this time on a "2WD" model sold on a December 7, 2012 auction in north-central Indiana where a 1991 model with 4,600 hours sold for $54,000. Here's a pic:
1991 JD 4955 2WD tractor with 4,600 hours sold for $54,000 on 12/7/12 auction in north-central Indiana
Ok, now let's touch on the other new record high auction sale price set on yesterday's farm auction in Bird Island, MN...the CaseIH 496 25' disk sold for $21,000. I've seen (472) sold at auction the past 17+ years. The previous high auction sale price I'd seen was $18,000 on a January 31, 2012 auction in northeast Indiana. That CaseIH 496 disk was an 18 1/2 foot model. Both of these prices are examples of another trend I've been tracking for some time...RISING used tillage values. Here's a pic of the CaseIH 496 disk sold yesterday for $21,000:
To keep an eye on farm equipment available on upcoming auctions around the country, go to www.machinerypete.com and click on the "upcoming auctions" link, over 3,000 items in there today.