This week’s Pete’s Pick of the Week is a used green and yellow machine from a tractor class Pete says is “just red hot” now.
On Wednesday, July 16, a Big Iron Auctions online sale auctioned off a pre-def, mid-horsepower 2008 John Deere 7730 tractor (16,161 hours) for $150,250. The machine (pictured above) came from Henderson, Iowa, and it garnered the fourth-highest auction price ever on that make/year/model despite being nearly 20 years old.
“The real Machinery Pete stat I would leave you with is this model 7730 is pre-def, so it’s 15-plus years old now,” Pete says. “The nine highest auction prices ever (on pre-def machines) have all come in the last four years. It just shows the sharpening and increasing farmer demand for good condition, used pre-def tractors.”
Pete adds tractors in the sub-200 to 150 mid-horsepower segment are “the hottest thing going in the used market,” and he thinks that’s at least partly due to the versatile machines being driven up in value by livestock producers riding strong balance sheets with cash to spend.
Upcoming auction action to watch
For Pete, the end of July is an interesting time on the used farm equipment auction circuit. Dealers will typically begin moving more machines off the lot and onto the auction circuit to free up retail space and sell equipment farmers in their local service area have not shown interest in buying.
There are two sales to watch this week that fit that bill.
On Wednesday, Merit Auctions is holding an online auction that combines inventory from H&R Agri-Power, a Case-IH and New Holland dealer with stores in Kentucky and four other states, and Trueland Equipment, a John Deere dealer with stores in Indiana and Ohio. The sale kickoff is set for 10 a.m. CT online. You can check out the lineup of equipment here.
Here is a video preview for the Merit Auctions online sale Pete pulled together and shared on Facebook:
Also on Wednesday, McDougal Auctioneers is holding a no-reserve, preharvest sale in the Canadian province of Saskatchewan that kicks off at 11 a.m. CT. The docket for that sale features 39 used combines and a fleet of draper heads and other fall harvest goodies. Check out the full auction lineup for that sale here.
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