The John Deere 4020 tractor has been a fan favorite for quite a while. Manufactured between the years of 1963 and 1972, the John Deere 4020 may be one of the most talked-about John Deere tractors ever! Many different components of this tractor make it so popular, including the synchro-range transmission, its full power steering, and the quality and longevity this machine brings to the table. This blog will uncover the record-making John Deere 4020 auction results. So, let’s dive in!

Check Out Our Inventory of Used Tractors

A Brief History of the John Deere 4020

Between 1960 and 1962, more than 40,000 4010 tractors were sold, which led to the development of the John Deere 4020. The success of this machine was inevitably passed onto its new design, making the John Deere 4020 a best-selling John Deere tractor model, with more than 177,000 machines purchased. This John Deere tractor model provided operators multiple front-end options, such as single-wheel, tricycle, and even Roll-o-Matic. The 4020 offered additional tire sizes, which can be adjusted to match different row crops. A major reason this tractor was so iconic, though, was the machine’s overall design.

What is the Value of a John Deere 4020 Tractor?

The price of a John Deere 4020 tractor depends on its condition, age, and any extra features added. A working 4020 tractor in the US can sell for around $20,000 to $23,500. Factors like maintenance, usage hours, and market demand can influence its value. It’s smart to do research and inspections before buying to ensure you get a good deal.

What Are the Best Features of the John Deere 4020 Tractor?

This vehicle’s most innovative feature was its Power Shift transmission, allowing for movement between gears without the clutch. The rollover protection structure, which went from the top of the cab into the rear axle, saved the lives of many farmers who operated on steep terrain. While this machine was a game-changer for safety, the John Deere 4020 also provided its operators with a new sense of comfort while in the cab. Updated features include deluxe seats and hydraulic controls, which replaced cumbersome levers at the front of the cab. This paved the way for future designs at Deere.

How Much Horsepower Does a 4020 John Deere Have?

The John Deere 4020 Diesel tractor has a six-cylinder engine that produces 84 drawbar horsepower and 91 PTO horsepower. It comes standard with a John Deere Synchro-Range transmission with eight forward speeds and two reverse speeds, but a power shift transmission is available as an option. Other available options include dual rear wheels and an enclosed cab with heat and air conditioning.

What Are the Different Versions of the John Deere 4020 Tractor?

The John Deere 4020 has three different body types: row crop, standard, and Hi-Crop. In addition to the three body types, the 4020 was also available with variations for the engine, transmission, and cab.

The Original John Deere 4020 Tractor

Watch a tour of an original John Deere 4020 tractor, which has never left the factory. Discover the specs of the model 4020 as well as how modern 4020 tractors have changed over time.

What Are the Famous John Deere 4020 Auction Results Recorded? 

Below are some standout John Deere 4020 auction results that showcase this wonderful tractor’s enduring appeal and value.

John Deere 4020 Tractor Sold in Minnesota

On June 18, 2011, an estate sale in Steen, MN (southwest Minnesota) for Bill DeYager by Polk Auction Company saw the sale of the John Deere 4020. This auction featured Bill’s amazing line of “Next Generation” Deere tractors, so 10 and 20 Series models. The tractors highlighted at this auction included a 1971 John Deere 2520 “high crop” sold for $74,750 and a new record high auction sale price of $50,000 on a very rare John Deere 4020.

1972 John Deere 4020 Tractor Sold in Indiana

On February 22, 2014, in northeast Indiana, a consignment auction sold the 1972 John Deere 4020 diesel tractor. This 4020 sold for the fourth highest sale price ever—$30,000—largely due to its “originalness” that stood out to bidders.

The sale was led by Schrader Real Estate and Auction Co. Inc. Bidding opened at $20,000. Within 30-35 seconds, bids were up to $25,000. The buyer demand was palpable. The final price was $30,000.

1970 John Deere 4020 Tractor Sold in Illinois

This 1970 John Deere 4020, with 5,762 hours, sold for $26,000 at an August 14, 2010, farm auction in northwest Illinois. It was a “one-owner” diesel with a side console.

John Deere 4020s Sold Across the US

This 1971 John Deere 4020 tractor with “unknown hours” sold for $18,000 at an April 7, 2012, farm auction in northwest Michigan.

This 1972 John Deere 4020 with 3,660 hours drew intense bidding interest on a March 24, 2012, farm auction near Bremen, OH, on a sale by Leith Auctions. Recent agricultural equipment auctions highlighted the rising bidder’s interest in acquiring nice condition John Deere 4020 row crop tractors.

A March 24, 2012 farm auction in southeast Ohio—near Bremen—featured a very nice 1972 John Deere 4020 open station tractor with 3,660 hours. It sold for $28,000.

Then, on April 7, 2012, at a farm auction in northwest Michigan, a 1971 John Deere 4020 tractor with “unknown hours” in good condition sold for $18,000. 

The coming push of the new “collector buyers” on the Deere 20 Series tractors, made from 1964-1972, is helping to drive prices higher on these nice 4020s. Yes, buyers are paying premiums to acquire the nicest condition 4020s to use around the farm. Still, they are increasingly bidding against folks looking to collect these low-hour or original-condition older gems.

1963 John Deere 3010 Tractor Sold in Ohio

This 1963 John Deere 3010 diesel tractor (restored) sold for $15,500 at a collector auction in Johnstown, OH, on June 15, 2013.

Where Can I Find a John Deere 4020 Tractor? 

You can find a John Deere 4020 tractor at your local John Deere dealer. These dealerships are located throughout the country and are the best place to find the specific model you are looking for. Simply visit the nearest John Deere dealer and inquire about the availability of the John Deere 4020 tractor. They can help you find the right model to suit your needs.

If you enjoyed this post or want to read others, feel free to connect with us on FacebookPinterestTwitter, or Instagram!

You might also like: