August 4, 2010
1,280 John Deere 4020 tractors.
That’s how many I’ve seen sold at auction over the last 14 years. That’s how many 4020 sale prices we’ve got in our “auction results” database at Machinerypete.com. I’m sure the number is well over 2,000 4020’s sold in my 21 years of tracking auction sale prices.
The nicest one I’ve run across? Hmm, don’t have to think about that too hard. Would have to be the 1972 4020 with 2,499 one-owner hours sold on a farm auction November 21, 2007 in northwest Ohio.
Sold for $31,000.
We all know the Deere 4020 is an iconic tractor model. Made from 1964-72, the 4020 was and is still a staple of farm life all over North American and beyond. Emotional attachments to 4020’s run deep and strong. How many little farm boys and girls learned how to drive with dad or grandpa on the family’s 4020? Too many to count.
Any time a really nice 4020 with low hours pops up on the auction market now…..B-I-G interest. Like the 1970 4020 sold March 6, 2010 on an auction in north-central Oklahoma. It sold with a JD 725 loader for $27,500. Even if you take off a generous amount for the loader, you’re still looking at a sweet 4020 that just brought in the $20,000 range.
Can you imagine what a 4020 with under 1,000 actual hours in mint condition would be worth?
A big part of what I do for a living compiling all the sale price data I do is spotting current and predicting coming trends in the used equipment market. One trend that I have NO doubt will only continue to gain momentum?
Very nice JD 4020 tractors will continue to attract growing interest in the years and decades to come. Here’s another pic of a super nice 4020 emailed to me this week by Terry Johnston of Waterloo, IA. Terry’s dad bought this diesel 1972 model 4020 (PS, 2 hyd., side console) on an auction in east-central Iowa back on November 27, 1998 for $21,500. Currently it has only 2,840 hours. The Johnstons are the second owners.
This tractor is worth more than $21,500 now I’d say.
What are your memories of JD 4020 tractors as a kid? Drop a comment here and let me know. How about this one….what’s the nicest JD 4020 tractor you’ve ever seen? What do you think it was worth?
About Machinery Pete: Greg “Machinery Pete” Peterson has been working in the agricultural industry for 21 years and details agricultural equipment prices and trends at his website, Machinerypete.com. Greg also writes columns for Successful Farming magazine, Implement & Tractor magazine, Agriculture.com web site and also appears on the Machinery Show on RFD-TV.