News
Today’s agriculture headlines and expert perspectives serving farmers, ranchers, crop consultants, livestock nutritionists and the entire U.S. ag community.
This fall and winter, I was frequently asked, “Pete, when is the other shoe going to drop?” This is a good question, as the used farm equipment market was on fire.
This 2005 John Deere 7420 with 2619 hours and new 741 loader from Nebraska was listed For Sale By Owner last week on MachineryPete.com
This 1979 John Deere 4440 with 4533 hours and 1981 John Deere 8440 with 5625 hours sold for strong prices on a 1/28/22 farm auction
I’m here to report used values have actually continued to RISE.
Now the question is: “Machinery Pete, these prices can’t last, can they? Prices and values have to fall, right?”
This tractor is up for sale on March 19.
After we saw so many new records set for machinery prices in 2021, I began to sense a collective response across the ag space as the calendar slid into 2022.
Inflation+. No, that is not a sad new streaming service to rival Disney+, but it could well have been the name of my Machinery Pete blog in the past 15 months.
This tractor sold for a new record price by $65,000.
A 40' drill sold in Kansas for $103,000.
This tractor shattered the former record price of $38,500 from 3 years ago.
Used combine values continue to remain in Machinery Pete’s “red hot” category this summer.
A pair of good used tillage items sold hot on a July 21, 2022 online farm auction in Delta, IA.
The sheer volume of high-to-record auction prices for used equipment in good condition has been nothing short of amazing.
Check out how this tractor sold on Oct. 1 in Nebraska
Volatility was the headline in the commodity markets this week. From fears Russia was invading Poland to then news the U.N. Grain Deal would be extended, the commodity markets saw extremes.
Most now look for President Biden to increase his use of executive orders and regulations to fulfill some other goals, including those in the coming farm bill.
If Upside gets USDA approval next, the company said it could start pumping out 50,000 pounds of “no-kill” meat products every year.
The Black Sea Grain Initiative has been extended for 120 days from Nov. 18, without any changes. The deal is bearish for U.S. corn and wheat exports, which are already lagging.
Is Mexico’s recent corn buying spree a coincidence, or are they front loading ahead of their GMO ban?
Pelosi is to step down as leader of the Democratic Party in the House, a position she has held since 2003. House Majority Leader Steny Hoyer says he will remain in Congress but won’t seek a leadership position.
I’ve seen the same trend for the past 10 months with used mid- to high-horsepower tractors, combines and planters. Now, the trend is in self-propelled sprayers.
This John Deere 8230 topped $212,000.
This porcelain neon milk glass hood sign sold for $108,000 on Aug. 26 Dave Anton collector auction in Greenville, SC.
In the past year, 85 grain trailers have sold for more than $40,000 at auction. In 2018, only six sold that high. Why would buyers pay such high prices? They want machinery — now.
This 2010 John Deere 9330 4WD with only 415 hours sold on Sept. 5 at a consignment auction in Dexter, MN
Farmers are asking, ‘Do I chisel first and then apply anhydrous? Or will I get better results doing the opposite?’ Get Ferrie’s answer and his insights on addressing hybrid weaknesses to harvest more corn in 2023.
It’s time to play offense and defense. The new reality of the farm equipment landscape means you can no longer take a lackadaisical approach to purchasing new or used equipment.
In USDA’s November crop report the agency put soybean yields in Wisconsin at 54 bushels per acre with record corn yields at 182 bushels per acre. Yield results from the field are backing up that forecast.
Many larger farmers are apprehensive about using cover crops to Flip their Soil, and that is also true in drier climates.