Search traffic for used livestock equipment on MachineryPete.com was very strong early in 2016. In the first two and a half months, searches in the “Livestock Equipment” category were up 28.4% versus the last two and a half months of 2015. Searches for grinder mixers were up 14.7%. But search traffic wasn’t the only thing up—so were auction prices.
At a March 12, 2016, farm auction in north-central Indiana, a very nice Gehl 170 grinder mixer sold for $18,000—a new record high auction price for that model. The previous record was $16,000 for a like-new 2005 model Gehl 170 at a Dec. 1, 2006, farm auction I covered in west-central Minnesota. I remember that sale—all of the equipment was like-new and it was a frigid -15°F Minnesota winter day.
Another Gehl grinder mixer sold on March 12, 2016, at a north-central Indiana farm auction—an older model 100 for $4,600. The sale tied for the fourth highest auction price in nearly nine years. At least until I got the report from a northwest Missouri farm auction the same day, where a Gehl 100 sold for $5,900.
Livestock equipment is topping the charts—this 1999 Case 75XT skid steer sold for $20,000 at a March 5, 2016, Minnesota farm auction. The Gehl 170 Grinder Mixer sold for $18,000, at a March 12, 2016, farm auction in north- central Indiana.
Bottom line: Livestock farmers will pay a little more for a used grinder mixer in good condition.
Search traffic in the “Hay and Forage Equipment” category was also up a sharp 66.7% for the first two and half months of 2016. This jives perfectly with the strong buyer demand and higher auction prices I’ve been seeing for hay equipment.
One example that leaps to mind is the Case IH 600 forage blower that sold for $7,000 at a Nov. 7, 2015, farm auction in southeast Minnesota. The prior high auction price was $6,500 at a Nov. 30, 2013, farm auction in northeast Ohio. That blower had been only used once.
Another sign of strong buyer demand in the used Hay and Forage equipment sector is the average auction price on John Deere 568 round balers—up 3.1% from $16,204 in 2014 to $16,703 this past year.
I’m seeing the same scenario with used skid steers. Check out the data table at right. Much like used 10- to 15-year-old tractors, there are many older skid steers, such as the following Case IH models, holding or increasing in value:
- 1845C: 1996 model, 880 hours, sold for $20,000 on Oct. 2, 2014, in Michigan, second highest price in U.S.
- 40XT: 2002 model, 444 hours, sold for $15,400 on Aug. 27, 2015, in Nebraska, highest price in 11 years
- 430: 2005 model, 874 hours, sold for $18,300 on May 23, 2015, in Illinois, second highest price in six years
- 75XT: 1999 model, 1,215 hours, sold for $20,000 on March 5, 2016, in Minnesota, new record price
- 85XT: 745 hours, sold for $20,750 on Jan. 10, 2015, in Pennsylvania, highest price in 15 years
- 90XT: 2000 model, 1,200 hours, sold for $28,000 on Nov. 25, 2015, in Minnesota, highest price in 16 years
I found the 1999 Case 75XT skid steer with 1,215 one-owner hours that sold for a record $20,000 to be quite interesting. The previous record price was $18,950, from a Feb. 2, 2000, dealer auction in south-central Minnesota—16 years ago. It only had 200 hours on it at the time.
So the Case 75XT at the March 2016 auction in Minnesota was 16 years older, had 1,000 more hours and still went for $1,150 more.
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