Recent used farm equipment auction activity shows a market gaining momentum and stability with harvest and the fall auction busy season just over the horizon.
Machinery Pete witnessed that renewed energy and enthusiasm from farmer-buyers in person at Freddie Berger’s farm estate auction on July 14 in Mandan, N.D. The sale featured a huge fleet of used machinery — more than 10 Bobcat skid steers, 12 UTVs, a row of wheel loaders and feed trucks — and there were strong prices across the board.
Yet, it was a gently-used hauler truck (pictured below) that has stuck in Pete’s craw a few days later.
“The one that got me was a 2023 Peterbilt 537 truck with a Sioux Automation 4600 box — only had about 2,300 miles on it, so it was going to be high — it came in at $181,475,” Pete says. “Pretty much across the board everything was strong: the hay equipment, loader tractors, all of it.”
Speaking of loader tractors, those machines have been red-hot on the auction circuit, Machinery Pete adds.
At a sale in Rogers, Ohio, last week, a pair of low-hour John Deere 6M loader tractors also caught his attention. A 2023 6120M with 65 hours (pictured above) sold for $122,500, beating the previous auction record high for that model by $2,500.
A 2023 6140M with 252 hours and no loader sold for $112,500. Machinery Pete says that’s the second-highest auction price all time for that year/model.
Taking stock of used machine supplies across the auction market, Casey Seymour is seeing “tractors trend line down, planters trend line down and sprayers trend line down.” At the same time he is also seeing “combines peak up; we kind of expect that because a lot of those machines are coming on for fall harvest. But for the most part it feels like inventory is contracting.”
One market force that has taken Seymour and Pete somewhat by surprise is the ongoing downturn in used high horsepower row crop tractor demand. Normally, the guys expect those machines to be moving steadily right now while utility tractor activity settles down, but that trend has flipped.
In the months ahead, Machinery Pete says a handful of ag lenders and industry insiders he’s met with are bracing for a large wave of farm estate auctions. It’s an unfortunate but direct result of the low profitability, high operating expense environment grain farmers have been mired in for two years now, he admits.
“I think that last quarter of the year, and especially in those last couple weeks in November, I really feel like we’re going to start seeing a lot of positive (auction) movement that will carry over into ’26,” Seymour says. “Now, that said, we’re going to need to see some movement on commodity prices.”
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