November 23, 2010
Sums up my reaction to the auction sale price report I received the other day from a November 16, 2010 farm auction near Waco, NE. The sale was by good friends Ron & Mark Stock with Stock Auction Company. Prices on this auction were through the roof high.
1997 John Deere 8100 MFWD tractor with 1,443 hours (pic above): $97,000
1993 John Deere 7800 MFWD tractor with 3,260 hours: $76,500
1999 John Deere 9510 combine with 1,400 engine hours: $89,500
2002 John Deere 893 8-row corn head: $30,000
$91,000 for that John Deere 8100 tractor? That’s the highest auction price I’ve ever seen on an 8100. Folks that’s going back 14+ years and a total of (259) JD 8100’s I’ve seen sold at auctions all over the U.S. and Canada. Next highest sale price I’ve seen? $86,000 just last year on a 12/11/09 auction in north-central Indiana for a 1997 JD 8100 with 2,428 hours.
Think end of the year November and December is a good to sell really nice used equipment? Yep, sure is.
$89,500 for the 1999 John Deere 9510 combine? The highest auction sale price I’ve seen on a 9510 combine since 2001.
I asked auctioneer Mark Stock to tell me about this fantastic auction:
“The machinery was always inside and just like new,” said Stock. The buyers were from all over the country and the bidders over the internet were very active. The 8100 tractor sold online to Minnesota. Bidders in attendance on site came as far as CA, TX and Florida. The sale lasted just under 2 hours. This was an auctioneers dream sale. Grain prices and farmers with end of year disposable dollars influenced the sale but it was the quality that attracted the crowd.”
Just shows the lengths folks go to and the premiums they’re willing to pay for exceptionally well cared for used John Deere farm equipment.
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.