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.
In 2000, the highest auction price paid for any tillage tool that year was $28,500. Today, that number tops $140,000 and easily ranges from $80,000 to $120,000.
Thirty combines recently sold on an online dealer auction, and this John Deere S780 with 374 engine hours topped the sale.
Auction prices on good used self-propelled sprayers have shot skyward the past two years. In fact, the 11 highest auction prices ever on sprayers have all occurred in the past 28 months.
When availability becomes more prevalent — pricing changes
While the drought of 2023 is straining crop conditions, there hasn’t been any drought concerns when it comes to auction prices on used farm equipment, including most types of harvest equipment.
The data I compile and analyze is so striking and consistent that 15 years ago I named it The Limbo Line. The line being the 10-year-old mark.
Used four-wheel-drive tractor values and auction pricing have been on fire the past 18 to 20 months. Premiums are being paid for slightly older pre-DEF, pre-Tier IV four-wheel-drive models in nice condition.
Auction prices have been amazing in the last year — especially in the last six months. Check out the equipment category record-high auction prices just since November 2022.
A 28-year-old, low-hour tractor draws attention during online retirement auction.
Located in Ohio, this Farmall C was restored by the original owner.