In case you were wondering…the calendar flipping to 2022 has not affected used farm equipment values.
Still HIGH and going HIGHER.
Proof today, January 5, 2022, from the Matthew Baumgardner farm retirement auction in Weston, OH by Whalen Realty & Auction (www.whalenrealtyauction.com). Check out these super strong sale prices - 2 new records:
1991 JD 4455 with 3251 hours, sold: $84,000
Pete’s Note: “$84,000 is 4th highest auction price ever on 4455 sold without a loader…and the 3rd highest auction price on 4455 the past 7 weeks. Wow”
HIGHEST AUCTION PRICES ON JD 4455 TRACTORS sold w/out Loader
2000 JD 8410T with 2488 hours, sold: $116,000
Pete’s Note: “$116,000 is new record high auction price on 8410T by $21,000 over previous high of $95,000 which was 16 years ago on 2/2/06 farm auction in Winchester, IL”
HIGHEST AUCTION PRICES EVER ON JD 8410T TRACTORS
2008 JD 8530 with 2907 hours, sold: $193,000
Pete’s Note: “$193,000 is tied highest auction price on 8530 in nearly 8 years, since 4/29/14 sale in New Virginia, IA”
HIGHEST AUCTION PRICES ON JD 8530 TRACTORS PAST 8 YEARS
2013 Challenger MT855C with 1368 hours, sold: $247,000
Pete’s Note: “$247,000 is new record high auction price on MT855C…$27K over prior high of $220,000 from 4/14/15 sale in Tisdale, SK”
2016 JD S680 with 1222 engine hours, sold: $266,500
Pete’s Note: “$266,500 is the highest auction price on an S680 combine in 17 mo., since 8/17/20”
So obviously even without the Year End Tax Buyers demand for good condition used farm equipment remains scalding HOT. Used inventory levels on dealer lots across North America are the tightest I’ve seen in my 32+ years and of course the lovely supply chain issues remain with us into the New Year making availability of New farm equipment problematic in addition to steep price increases on what New equipment you are able to get.
And so we keep moving forward…stay tuned.
View full sale price report from today’s Baumgardner farm retirement auction in Weston, OH here: tinyurl.com/MachineryPete-Baumgardner
Pete
Machinery Pete