Machinery - General
As I look to the future of the farm equipment market, I find myself looking back to draw on lessons I’ve learned in the past decades.
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.
Now the question is: “Machinery Pete, these prices can’t last, can they? Prices and values have to fall, right?”
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.
A 40' drill sold in Kansas for $103,000.
A pair of good used tillage items sold hot on a July 21, 2022 online farm auction in Delta, IA.
Check out how this tractor sold on Oct. 1 in Nebraska
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