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.
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.
A special John Deere 830 tops an equally impressive online auction of more than 25 antique tractors and a few miscellaneous pieces of equipment.
As it stands right now, it looks like 2022 will be the high-water mark for used construction equipment values.
A Bobcat Toolcat, a Polaris Ranger and a John Deere Gator have all topped $30,000 at auction.