Machinery Pete: The Records Keep Rolling In
OK, it is time to vote. Which sale price below from the Nov. 6 farm retirement auction in Keymar, Md., do you find the most surprising?
Can you believe, five of the six machines set record auction prices?
Let’s look at that John Deere 7810, which sold for $170,000. The previous high price on a 7810 was $137,600, which was set during a March 13 farm auction in Essex, Ontario. (The $137,600 was in U.S. dollars.)
But is that result more amazing than the 1990 Ford 4610 selling for $36,500? That was a staggering $22,500 above the prior record, which was set 20 years ago during a Dec. 29, 1999, farm auction in Hagerstown, Md. I guess it’s clear if you have a nice Ford 4610 you’re looking to sell, find buyers in Maryland.
Let’s not forget that 2000 Case 1845C skid steer that sold for $41,000. The previous high price on an 1845C was $30,500, which was set on Aug. 27, 2011, at an auction in Weldon, Iowa.
HIGH HOURS, HIGH PRICE
My vote is for the one non-record price in our list: the 1996 John Deere 8300 tractor that sold for $82,500. The highest price for an 8300 was $117,000, which was set on Aug. 18 at a farm sale in Monroe Center, Ill. (1995 model, 875 hours). The one that sold in Maryland was the highest price on that model with 4,800+ hours — and it had almost 7,200 hours.
After the Maryland auction, I covered a farm retirement sale in New Hartford, Iowa. I saw more record-high prices on a John Deere 7230R tractor ($179,000) and on a 2013 John Deere 6125R with a loader ($124,000). The previous high price on a 6125R with a loader was $106,000 and set six years ago.
Watch "Machinery Pete TV," which features results from the Keymar, Md., auction.
THE PERFECT EQUATION
How did we get here? Supply chain issues. Year-end tax buyers. Strike at John Deere. Tight dealer inventories.
We now have the hottest used farm equipment market I’ve ever seen, and that Nov. 6 auction in Maryland is the hottest auction I’ve seen in my 32 years of tracking prices.
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