The weather is finally starting to turn warmer and (sometimes) sunny in many areas of the country. The latest Pete’s Pick of the Week comes from the Eastern Corn Belt, where many growers are still waiting on fields to dry up before putting pedal to metal and going full boar into the #plant25 season.
Pete’s Pick of the Week
This week’s eye-catching machine comes to us from a Kiko auction that took place on Saturday in Diamond, Ohio. Machinery Pete says the sale featured a fine selection of low hour, single owner, well-conditioned machinery for the taking, but a pair of machines in particular drew his attention.
A 2013 New Holland T7 260 tractor with 1,226 hours on it (shown above) sold for $152,000. The T7 was among a fleet of six New Holland tractors at the sale, Pete says.
And a 2024 Kinze 3505 planter with low acres planted (172) sold for an even $100,000 at the same Ohio auction.
He says last Wednesday’s PurpleWave.com farm auction near Oakley, Kan., was another notable sale, with an Orthman 1tRIPr (One Tripper) 40-foot, 30-row strip tillage tool going for $90,000.
Promising Auction This Week
Pete adds it might pay off to check out the Kerr Auction online sale that finishes up Tuesday, April 22, in Mount Pleasant, PA.
He added he is excited to see how much cash a Case IH 8920 Magnum tractor (shown above) with 2,887 hours on it will end up fetching. It’s not every day you can track one of these machines down with less than 3,000 operating hours on it, Pete says.
“There’s a lot of very nice equipment on that sale, so that will be interesting for sure,” he says.
Go to KerrAuction.com to see what’s up for auction and to register to bid. You can also check out this video preview Pete put together and shared on Facebook:
The State of the Used Farm Equipment Market
Looking at the bigger picture, Machinery Pete says two buyer behavior trends are playing out across the used farm equipment auction market:
- Even with budgets tightened, he says there is still solid buyer demand for good condition, low-hour used equipment.
- The used combine market, which is usually six to 12 months ahead of the high horsepower tractor segment, is starting to firm up value-wise after two years of high supply price erosion. The segment today is only down about 10% overall, which Pete is taking as a good sign used tractor values could firm up in the near future.
“Good condition, low hour used is still bringing out the buyers,” he told AgriTalk host Chip Flory on Monday. “We’re seeing prices firmer on the combine side, but what will the dealer market do this summer? Last year we saw a huge flow of late model tractors and combines from the dealer lot into the auction market, which caused prices to drop. Will we see the same this year?”
