Used Machinery
The question often comes up, “What is the best way to expand your farming operation?” My answer is: Have two pairs of glasses.
It’s back to the old days. At least, that’s where it appears we are headed with machinery auctions.
Looking back at the planting category in the first half of 2014, there are divergent trends emerging based on equipment type, size and age.
Looking back at the planting category in the first half of 2014, there are divergent trends emerging based on equipment type, size and age.
And “twin sister” consecutive serial number Massey Ferguson tractors sell in Canada.
I’ve seen a lot of New Holland 256 hay rakes sell at auction in my day. To be exact, during the past 19 years, that number is 332.
I’ve come to expect that auction prices for used machinery will go up at the end of each year based on a trend that’s more than a decade strong.
Machinery Pete analysis can now include search traffic data.
Here are a few of the hottest spots I’ve seen in the used machinery market.
Farm Journal Field Days was designed to arm you in just the ways Peterson describes, featuring ag leaders of all kinds and topics ranging from crisis management and turn around tips to weather trends.
This 1970 John Deere 4520 was a treasured tractor for Nick Sievers, as it was the first tractor he ever owned. Deciding to exit farming was a tough decision, but one that came with a gift of compassion and unity.
As we close out 2019, I want to share some interesting numbers from my daily study of used farm equipment values.
There’s an amazing “story” on this 1990 JD 4955 2WD with only 958 hours on it.
Keep an eye on 1-to-3-year-old machines still under warranty and slightly older tractors.
On a Dec. 12, 2019, online dealer auction in central Minnesota, Machinery Pete saw a combine sell for the highest auction price — ever.
This 2011 Challenger MT755C with 3684 hours sold for $108K yesterday on a northeast IL farm auction.
Used tractor values remained strong right through the end of 2018.
“Seems like 20 years ago we could afford a new combine.” This was a comment recently shared by a Top Producer reader. I thought I’d take a stab at addressing the topic.
When times are tough, buyer attention shifts to high-quality used machinery.
There is real value in looking to buy a 4-to-8-year-old used tractor—or combine, or any piece of farm equipment.
The cabs of combines and tractors during the fall and spring are usually covered with dirt, grease, mysterious substances, and various remnants of fast food debris.
At an auction in northwest Nebraska, Machinery Pete found some interesting prices on some machinery from the 1970s. Among his finds? A 1978 John Deere 4840 powershift.
In early 2015, the trend of leasing tractors took off. Machinery Pete called it “the year of the lease.”
Machinery Pete is constantly keeping his eye on what’s happening in the machinery market. Recently, skid steers have been catching his eye.
One of the most popular and best-known tractors John Deere has manufactured is its 4440.
On Friday, an auction in Iowa created a lot of interest, mostly due to a particularly rare International 7588.
Any debate about heat in the tractor collector market has been dispelled in the last few weeks. According to Machinery Pete, muscle tractors from the early 1970s have been the sweet spot.
A 1974 John Deere 4430 with 2,021 hours recently sold for the second-highest auction price ever for a 4430 on April 5.
In May, one of the hottest sectors of the used equipment market was square balers.
As new equipment makes its way to the market, Machinery Pete is pulling out the crystal ball and looking ahead to auction prices in the distant future.