Auction
Detailed service history helps 2,546-hour combine top $99,000 at Minnesota auction.
Machinery Pete warns farmers to act now before any increase in corn prices triggers a repeat of 2022’s all-time high auction prices.
Grandson buys late grandfather’s John Deere 4450 for $44,000 as record-breaking New Holland sales highlight value of well-maintained equipment.
Penfield, Illinois auction delivers record sales while nearly-new 8R 370s fetch $385K at separate Missouri sale.
A 2024 John Deere S780 fetched $414,000 at auction, breaking typical pricing patterns and pointing toward robust year-end values.
Recent sales show late-model combines and tractors attracting premium prices with limited options in the traditional five- to 12-year-old range.
Despite a weak farm economy, record and near-record auction sales continue as farmers compete for quality used equipment, a trend Machinery Pete says is unlike anything he’s seen in 36 years.
While big-ticket items are seeing a slight pullback, a scarcity of 5- to 12-year-old inventory is driving record values for dependable machinery.