The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Learn how to better manage your machinery investments from Greg Peterson, a.k.a. "Machinery Pete." He's been researching and analyzing the machinery market for more than 26 years. Let Machinery Pete help you find and value your next piece of farm equipment at MachineryPete.com.
Sale price report on (41) Tractors sold at auction from last Thursday through Saturday:
Auction Prices on Tractors Sold Nov. 29 - Dec. 1 (2018)
* Data by http://www.MachineryPete.com
One tractor from this list of recent auction sale prices that really jumped out at me is the 2008 John Deere 8530 with 904 hours sold for $187,000 last Thursday (November 29, 2018) on a farm auction by the Steffes Group (http://www.steffesgroup.com) in Lake Park, IA. $187,000 is the highest auction price on a John Deere 8530 in exactly 4 years. More proof here of how HOT really nice condition, lower hour, pre Tier IV tractors are right now. Here's a picture of it:
That same day, last Thursday, I was up in Barrett, MN covering another super nice farm auction by the Steffes Group, the retirement auction for Randy and Connie Reuss. We filmed this auction for our Machinery Pete TV show (watch online here: http://www.MachineryPete.com/mptv). This farm sale featured a pair of really clean Case IH Quad Trac tractors, a 2014 model 500 and a 2012 model 550. Here's video I filmed of them selling:
No comments have been posted to this Blog Post