Pete’s Pick of the Week: 1979 John Deere 4840

This tractor shattered the former record price of $38,500 from 3 years ago.

This 1979 John Deere 4840 with 5,671 hours sold for new record of $50,000 on 6/28/22 at a farm auction in Francesville, IN.
This 1979 John Deere 4840 with 5,671 hours sold for new record of $50,000 on 6/28/22 at a farm auction in Francesville, IN.
(Machinery Pete)

This 1979 John Deere 4840 with 5,671 hours sold for a new record of $50,000 on 6/28/22 at a farm auction in Francesville, IN.

It shattered the former record price of $38,500 from 3 years ago. The same Indiana auction had the 3rd highest auction price ever on John Deere 4440.

Here’s the story from the record-setting sale

AgWeb-Logo crop
Related Stories
Recent sales show late-model combines and tractors attracting premium prices with limited options in the traditional five- to 12-year-old range.
Despite a weak farm economy, record and near-record auction sales continue as farmers compete for quality used equipment, a trend Machinery Pete says is unlike anything he’s seen in 36 years.
Machinery Pete reports a 12.7% price jump for John Deere 8R 370s as tightening supply drives renewed strength in the tractor sector.
Read Next
Get News Daily
Get Market Alerts
Get News & Markets App