On June 3rd, 2010 I did a conference call with a stock analyst from Merrill Lynch. Periodically I get calls from folks on Wall Street looking for insights into the used farm and construction equipment markets. I’m always happy to talk used iron, as I’ve been tracking auction prices for 20+ years now.
The conversation turned to used combines, specifically used combines values. How have they been holding up. I talked about the premium I’ve been seeing folks willing to pay for the really good condition used combines sold on farm retirement or estate auctions the last couple years.