Machinery Pete - Equipment Auction News
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This latest rise in used equipment values is, frankly, breathtaking.
Four other record auction prices were set at this sale.
In this current period, I am seeing very strong auction prices on a variety of equipment categories — from tractors in good condition to hay equipment.
The current farm equipment market is all about availability.
What does everyone want? Tractors in good condition, with low hours, often 10 to 20 years old. Why? The price of new equipment just keeps going up every year.
The rebuilt/retrofit factor in the used planter market has been huge the past 18 to 24 months.
The rising prices of corn and soybeans had farmers in the buying mood big time in the last few months of the year.
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Machinery wholesale values are nearly equal to retail values.
Here are a few of the hottest spots I’ve seen in the used machinery market.