This week’s Pete’s Pick of the Week puts a tractor in the spotlight: a 2019 JCB Fastrac 8330, with 4,174 hours, sold for $112,000. Steffes Group, Inc. hosted a reduction sale for KJ Farms in Hoisington, Kan. This is the highest auction price in 20 months for a Fastrac with over 4,000 hours.
Machinery Pete credits the Steffes Group’s marketing plan for getting top dollar for the tractor. The auction listing had 217 photos.
“Give me every angle, good or bad; it just tells potential buyers we are being as transparent as we can,” Machinery Pete says.
Machinery Pete Notices Shifting Prices and Inventory Levels
Machinery Pete is starting to see slight changes in used equipment prices – the shock of diesel prices is starting to sink in. For example, a sale in Ohio on May 9 had a completely restored 1972 John Deere 4000 diesel that sold for only $14,000. A 1984 GMC K3500, also completely restored, sold for $29,000.
While the number of equipment auctions in 2026 is up 19.5% through May 7 compared with last year, the number of one- to three-year-old items sold at auction is down by 19.9% overall, including:
- Tillage is down 28.6%.
- Planting/seed is down 25%.
- 100- to 174-hp tractor is down 23%.
- Harvesting equipment is down 13.7%.
While it’s too early to know the extent of softening prices and inventory levels, he continues to hear reports of high late-model tractor values. On a recent AgriTalk segment, Machinery Pete and host Chip Flory attributed the increase to:
- Farmers have been focused on acquiring the best condition of used machinery.
- The cost of new machinery remains high.
- The supply of later-model used machinery has been tightening.
Upcoming Machinery Auctions
Looking ahead at the week, Machinery Pete is watching a consignment sale by Adam Marshall Land and Trust Auction in Kearney, Neb., featuring:
- 2005 John Deere 8120 2WD with 3,301 hours
- 2008 John Deere 9570 STS with 1,637 hours
- 2000 John Deere 8110 Tractor 2WD with 6,230 hours
- 2020 Fast 9553PTF Sprayer with a 500-gallon tank
On Thursday, Ritchie Bros. will be having a sale that features 15 tractors, 14 combines and nine sprayers, including:
- 2024 S780 John Deere with 480 engine hours
- 2024 S780 John Deere with 508 engine hours
- 2023 John Deere X9 1000 with 350 engine hours
- 2021 Claas Trion 740 with 377 engine hours
