February 6, 2012
This 1983 JD 4050 2WD tractor with 3,975 hours sold for a new record auction sale price of $44,000 on a January 14, 2012 farm auction in west-central Iowa.
Values on used 100 horsepower and under tractors are going up.
Proof came in the form of two recent farm auction sales in January 2012. First on a January 14, 2012 farm auction in west-central Iowa, a very nice 1983 model JD 4050 2WD tractor with 3,975 hours sold for $44,000, a new record high auction sale price.
The previous high auction price I had documented for a JD 4050 sold without a loader was $38,000, for a 1988 JD 4050 2WD with 1,527 hours in “like new” condition, sold on a November 28, 2008 farm sale in southeast Iowa.
Another very strong auction price on a used < 100 HP tractor came on a January 28, 2012 farm sale in southeast Virigina, where a 1991 JD 2955 2WD tractor with 7,500 hours sold for $16,000 (no loader). Two years prior in the same southeast Virginia region, a 1990 JD 2955 2WD tractor with 5,626 hours sold for $11,750.
Older, but worth more money. That’s the current reality in the used tractor market, even on smaller under 100 HP models.
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.