Auction
Times are different, which means trying to predict how used farm equipment values will behave coming out of a strong up cycle into a slower, tighter period in the ag economy is dangerous.
As usual, there was a ton of fireworks in the auction market at the end of 2023. One sale on Dec. 29 by Swenson & Sons in Minot, N.D., featured several incredible tractors in good condition.
Timing is everything. Machinery Pete’s recommendation for when to host an equipment auction is quickly approaching.
As it stands right now, it looks like 2022 will be the high-water mark for used construction equipment values.
The rebuilt/retrofit factor in the used planter market has been huge the past 18 to 24 months.
So far here in 2018 John Deere 4430 tractor values are Up 9.3%. Here’s a look at the Avg. Auction Price on 4430’s going back over the past 8 years.
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.