AgDay
Hosted by Haley Bickelhaupt, AgDay provides the nation’s farmers and ranchers with the latest news, weather and business headlines, and features the people and places unique to the industry and small-town America.
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In early 2015, the trend of leasing tractors took off. Machinery Pete called it “the year of the lease.”
On Friday, an auction in Iowa created a lot of interest, mostly due to a particularly rare International 7588.
Any debate about heat in the tractor collector market has been dispelled in the last few weeks. According to Machinery Pete, muscle tractors from the early 1970s have been the sweet spot.
As new equipment makes its way to the market, Machinery Pete is pulling out the crystal ball and looking ahead to auction prices in the distant future.
In May, one of the hottest sectors of the used equipment market was square balers.
A 1974 John Deere 4430 with 2,021 hours recently sold for the second-highest auction price ever for a 4430 on April 5.
Machinery Pete goes to Beverly, Ohio for this week’s Tractor Tales.
Smaller horsepower tractors, less than 40 to 50 horse, have been the hottest section of the used tractor market for the last year.
Every tractor tells a tale, and while traveling the country, Machinery Pete encounters numerous machinery stories.
Machinery Pete keeps a pretty close eye on trends, and he says skid steer prices are doing well at auctions.