auction

1983 JD 4050 2WD Tractor Sold for $44,000 on Iowa Auction

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.

John Deere 7510 Tractor Sold for Record Price on Missouri Auction

January 3, 2012

This 2001 JD 7510 tractor with 830 hours sold for a record auction sale price of $82,000 on a December 28, 2011 farm auction in Memphis, MO

I’ve seen record auction sale prices fall throughout 2011 on used tractors from 130 horsepower, 180 HP, 200 HP on up the big monster 4WD model tractors. But it isn’t just the big boys going up in value.

A 2001 John Deere 7510 mechanical front-wheel drive tractor (115 HP) with 830 hours sold for a new record high auction price of $82,000 on a nice farm auction December 28, 2011 in Memphis, MO (northeast Missouri).

4 John Deere Tractors Sell for Record Prices at Iowa Auction

December 15, 2011

Wow, only 400 acres.

That’s all Ronald Gramenz farmed near Independence, IA. But Mr. Gramenz had quite a line of impressive, very low hour John Deere equipment. This past Tuesday, December 6, 2011, I traveled to Independence, IA to cover the estate farm auction for Mr. Gramenz. Sullivan Auctioneers out of Hamilton, IL had the sale. So how did the sale go?

Wow!

1999 JD 8100 Tractor Sold for $105K on Ohio Auction

November 22, 2011

John Deere 8100 tractor at Auction

The John Deere 8100 Tractor

This 1999 John Deere 8100 tractor with 1,340 hours sold for a new record high auction price of $105,000 on a farm sale in northwest Ohio last Saturday (Nov. 19, 2011)

How fast and how high have used tractor values been rising? Let me show you.

Deere made their model 8100 tractors (160 HP) from 1995-1998. Just about one year ago exactly, on a November 16, 2010 farm auction in east-central Nebraska, a 1997 JD 8100 MFWD tractor with 1,455 hours in “excellent” condition sold for $91,000…a new record auction price I had seen on a JD 8100.

1988 JD 4450 Tractor with 8,570 Hours Sold for $41,000

November 3, 2011

John Deere 4450

Used John Deere 4450 at Auction

This usedĀ John Deere 4450 tractor with 8,570 hours in very good condition sold for $41,000 on an October 27, 2011 farm auction in northwestern North Dakota.

People have been asking me the same question for a while now. “Is the used tractor market really that red hot right now Pete?

Yep. Maybe even hotter than I wrote about last month. It certainly shows up in the numerous record high auction sale prices I’ve seen all across the U.S. and Canada on very low hour used tractors. But now this trend is even showing up on nice used tractors with much, much higher hours.

14-Year Old Deere Combine Sells High

October 11, 2011

Used John Deere Comines at Auction

Used John Deere 9500 Combine

This 1997 John Deere 9500 combine with 2,148 engine hours sold for $65,500 on an August 13, 2011 farm retirement auction in southeast Minnesota. That is the 4th highest sale price Machinery Pete has seen over the past 10 years.

Cooperative weather in the Midwest has had combines rolling in the fields this past week. Some new, some not so new.

You’d be surprised what some combines with a bit of age on them are worth. More than you might think. The key is condition and history of care. Show me an older combine that has been exceptionally well cared for up for sale on a farm auction and I’ll show you some hot and heavy bidding action.

JD 4055 Sold for Record Price in Pennsylvania

September 26, 2011

John Deere 4055 Tractor

Used John Deere 4055

This John Deere 4055 2WD tractor with 2,462 hours sold for $46,000 on a farm auction near Gettysburg, PA September 10, 2011

The record stood for 15 years and 7 months.

$45,000 was the highest auction sale price I had ever documented on a John Deere 4055 tractor. That sale price was all the back on February 1, 1996 on a farm auction in southwest Iowa, where a 1992 model 4055, two-wheel drive with only 339 hours, in excellent condition, sold for $45,000. 4055’s are 105 horsepower and were made by Deere from 1989-92.

1978 JD 4040 Tractor Sold for $33K on Missouri Sale

September 8, 2011

John Deere 4040 Tractor

Used John Deere 4040 Sells Big

This “1 owner” tractor sold on a September 2, 2011 farm auction in north-central Missouri

Modern farming is a big diverse world.

Easy to focus on the ever increasing size & complexity of all types of equipment needed to farm these days, but the daily stream of auction sale price data that comes across my desk and into our www.machinerypete.com web site speaks to the wonderfully diverse nature of farming today.

JD 8345R & 8110 Tractors Sell High on Minnesota Auction

August 22, 2011

Used John DeereĀ 8345R

I covered a very nice farm retirement auction yesterday (Aug. 18, 2011) in Northfield, MN, located just south of the twin citites.

Lots of well maintained, low hour and late model tractor equipment on this auction. The owner, Lawrence Schweich, was retiring due to some health problems. Great crowd at the sale yesterday. Sale prices? Very strong I thought, particularly on a pair of John Deere tractors.

1998 JD 8200 Tractor Sells for Big $$

August 1, 2011

Illinois Auction is a Big Hit

This tractor sold on a July 21, 2011 farm auction in Lincoln, IL for $71,000. That is the 2nd highest auction sale price Machinery Pete has seen in past 15 years on a 2WD 8200

The price of Gold has been skyrocketing. Gold is seen as an alternative investment with an upside.

What else is “as good as gold” as an investment? Well, based on the auction sale price data on all types of farm & construction equipment I’ve been compiling now for nearly 22 years, you could make a strong argument for John Deere tractors being “as good as gold”.