Machinery Pete - Equipment Auction News
Get the latest farm equipment news, auction trends auction results from Machinery Pete on AgWeb, including Pete’s Pick of the Week.
Check out used farm equipment listings on MachineryPete.com.
When comparing 2023 to 2022, the average auction price for a John Deere S780 combine dropped $54,977, or 15.8%. How low will that number go?
For example, at Lawrence Crom’s retirement auction, his like-new 2021 Case IH Maxxum 150 tractor sold for $133,000, plus a $1,250 online buyer fee. That’s a new record-high auction price on that model.
Machinery Pete shares a unique combine recently listed for sale and what it means for your farm’s equipment plan going forward.
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.
The price of new machinery pulls up on the price of used equipment - but this effect is quickening.
Three recent farm auctions in Kentucky, Missouri and Iowa provide perfect examples of how supply is rising yet prices are still strong for used tractors, particularly pre-DEF, pre-Tier IV models in good condition.
Supply is rising while demand is falling. This points to better used planter buying opportunities late this year and into 2024.
The top five trends Machinery Pete predicts for 2024.
Despite increased inventory on dealer lots, auction prices have remained high on good condition loader tractors in the 150-hp range through the big four-wheel-drive and large track units.
Timing is everything. Machinery Pete’s recommendation for when to host an equipment auction is quickly approaching.