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.
This 2002 John Deere 8420 sold on a May 4 farm auction in DePere, WI.
After seeing 25,000 sales of used disks come and go, Machinery Pete showcases three, each one from a different manufacturer, that have captured the highest prices farmers have ever paid for a tillage tool – so far.
Having tracked machinery values for three and a half decades, Greg Peterson, aka Machinery Pete, knows there are a lot of moving parts to watch.
This 1986 Steiger Cougar 1000 with 2931 actual hours sold for record price of $50,000 on 2/25/23 consignment auction in Columbia City, IN by Schrader Real Estate and Auction.
People want to attribute the skyrocketing used equipment values solely to inflation, but that hasn’t been the engine driving prices higher. Nope. Here’s the real issue.
Strong used equipment values have been a theme for the past 18 to 20 months, and Machinery Pete doesn’t see that story changing anytime soon. During National Farm Machinery Show he revealed why those prices could last.
The seller was from Washington. The tractor sold for asking price ($140K) in a day.
Can you buy a new planter now? Nope. And you can’t find many used models on dealer lots either. So, when the right used planter like this Kinze 4705 shows up at auction, we see tears of joy for the seller.
If you follow my reporting, you know predictions don’t tend to be in my stoic Norwegian data guy DNA. But New Year’s resolutions are about pushing our personal boundaries. I’m game, so here it goes.
Check out this pair of tractors that sold on Dec. 3 in Missouri.