Interesting day today (April 29, 2014) covering a farm auction in south-central Iowa (New Virginia, IA).
I saw continuation of a pair of trends I've been seeing in the used equipment market for a while now. First, VERY strong buyer demand for good condition used hay/forage equipment. Last week I saw a new record auction sale price on a New Holland 256 hay rake on a farm auction in east-central Wisconsin ($3,500). That same sale also saw a record auction price on a New Holland 488 haybine ($10,750). One new record set on the Iowa auction today and another close call. The record price came on a pair of Gnuse forage wagons which sold choice for $10,500 each. The near record came on a JD 3950 forage chopper, which also sold for $10,500.
Money flowing from the livestock & dairy sectors here in early 2014.
The other trend I noticed today? Late model combines and 4WD tractors struggling to go for what the sellers hope they'd bring. Today's sale had a 2010 Claas Lexion 740 combine (pictured above) with 1,000 engine hours. It was a "No Sale" at $184,000. Another "No Sale" on today's Iowa farm auction was the 2012 JD 9560R 4WD tractor with 437 hours...it was a "No Sale" at $261,000. Word was the owner was needing close to $300K on it.
Here is a Youtube video I just posted showing these items selling on today's sale:
Here are a few more highlights from today's rainy, overcast sale:
Schuler 5020 spiral mixer wagon, 1 year old: $24,000
2008 JD 8530 Tractor with 1,500 hours: $205,000
2011 Krause Dominator 18' disc chisel: $26,500
Hagedorn 276 Hyd. push manure spreader: $18,250
1999 JD 8300 MFWD Tractor with 4,156 hours: $75,000
Stay tuned for more auction sale price highlights and trend analysis based on auction sale price data as it pours in from around North America.
Partial Taxpayer Victory on Horse Farm Case
Morning Comments Full Report - Weather bulls hang on