I’ve been seeing lower horsepower in really good condition are holding value very well. Here’s an example, a 1995 Massey Ferguson 399 (95 hp) with 2,250 hours sold for $20,400 on Aug. 23 at a farm auction in east-central Iowa. The former record price was $19,900 from a Jan. 28, 1998 auction in southeast Indiana. That was a 1991 model with 970 hours.
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