I’ve been yakking about it for years…
- Smaller used farm equipment in good condition < $50K tends to sell STRONG
Hard proof continues to roll in from all over North America, yep, even in these days of COVID-19, amid all the myriad challenges the ag community faces, even as auction firms have scrambled to switch from live on site auctions with online bidding to online and phone bid only virtual auctions.
Good condition used still LOT cheaper than New.
The recent Horst farm equipment auction April 8, 2020 in Shelby, OH (north-central Ohio) by our good friends at The Wendt Group (www.thewendtgroup.com) is a perfect example.
“We had strong prices again Pete,” said auctioneer Kevin Wendt. “The seller was hoping for for $200K and the sale generated nearly $350K.”
Wow…small farm auction - used machinery sold nearly 75% above expert advance projection.
Wendt said the sale took place in an Amish influenced community so they allowed local folks to bid through the auction firm’s agents, calling them back each day. Here’s a sale price report from this 4/8/20 Shelby, OH small farm auction followed by pictures and sale highlights:
PRICES FROM HORST FARM AUCTION 4/8/20 IN SHELBY, OH
- Data by www.MachineryPete.com
Challenger 45 with 5745 hours: $39,000
Pete’s Note: “Highest auction price on Challenger 45 in 23 mo.”
Agco LT75A with 3115 hours & Loader: $28,250
CaseIH Farmall 85U with 3457 hours: $22,250
Case 550G dozer: $16,500
New Holland FP240 forage harvester: $14,750 (no heads)
Heads Sold Separate: 3PN 3-Row Corn Head $5,500 and 29P 9’ Hayhead $3,200
Jay-Lor 4425 mixer: $14,000
Pete’s Note: “3rd Highest auction price on 4425 in 5+ years”
Hesston 1340 12’ Discbine: $11,252
Pete’s Note: “2nd Highest auction price in 3 years”
White 6100 6R-30 planters: $11,500
Pete’s Note: “Highest auction price on 6-row 6100 planter in 7+ years…since 1/7/13”
Hardi Ranger 2200 600 Gal. Sprayer: $10,750
Aerway AWST-150 CCT 15’: $10,050
Case 430 skid steer with 7400 hours: $10,000
(2) Miller Pro 5200 forage boxes: $5,700 and $5,250; Miller Pro 5300: $9,000
CaseIH 2500 4-shank ripper: $7,050
Unverferth Rolling Harrow II 23’ double basket: $6,000
Gehl 170 grinder/mixer: $6,000
Killbros 385 gravity wagon: $3,200
Pete’s Note: “Avg. Auction Price on last (59) Killbros 385’s sold = $2,529 (High $5,500; Low $700)”
Link to searchable list of equipment for sale on Upcoming Auctions: https://tinyurl.com/y6j4wrts
Pete
Machinery Pete
www.MachineryPete.com