Yes. Values on pre-DEF, pre Tier IV good used equipment have skyrocketed higher the past 2 years. But auction prices and values on very late model used farm equipment has SHOT HIGHER lock in step. Of course the overriding SUPPLY ISSUE of both New and Used has made this a reality.
Also the ever RISING price of New iron. If you can get it. Same Truth I’ve seen at work over 33+ years I’ve been compiling auction sale price data and tracking the used equipment market…RISING cost of New pulls UP on value of good Used.
Here are the simple facts. Over past 4 months I’ve seen highest auction sale prices ever on Tractor, Combine, Corn Head, Planter, Seed Tender, Sprayer, Field Cultivator, Disk. Wow. Here are the details:
Highest Auction Price Tractor: 2021 JD 9620RX with 450 hours, sold: $625,000
Sold 1/28/23 consignment auction, Paris, MO (Wheeler Auctions & Real Estate)
Highest Auction Price Combine: 2021 JD X9 1000 with 979 engine hours, sold: $557,000
Sold 12/19/22 online auction, Hamilton, IL (Sullivan Auctioneers)
Highest Auction Price Corn Head: 2022 Drago GT1630-F 16-row, folding, sold: $178,000
Sold 12/8/22 online farm auction, Imperial, NE (Sullivan Auctioneers)
Highest Auction Price Planter: 2022 CaseIH 2160 36R-20, sold: $366,000
Sold 1/28/23 consignment auction, Paris, MO (Wheeler Auction & Real Estate)
Highest Auction Price Seed Tender: 2022 Meridian 375, sold: $51,000
Sold 1/28/23 consignment auction, Elk City, OK (North Texas Auctions)
Highest Auction Price Air Seeder: 2020 Bourgault 3320-66, sold: $571,000
Sold 12/13/22 online farm auction, Bowbells, ND (Steffes Group)
Highest Auction Price Sprayer: 2022 CaseIH Patriot 4440 with 340 hours, sold: $451,000
Sold 12/8/22 online farm auction, Imperial, NE (Sullivan Auctioneers)
Highest Auction Price Field Cultivator: 2021 JD 2230FH 69.5’, sold: $127,500
Sold 12/13/22 farm auction, Spring Valley, MN (Hamilton Auction Company)
Highest Auction Price Disk: 2021 JD 2680H 40’ High Speed, sold: $141,000
Sold 11/16/22 online farm auction, Emery, SD (Wieman Land & Auction)
33+ years I’ve been compiling auction sale price data…Never seen so many new equipment category record high auction sale prices in such a short time span. Guess that’s just the equipment world we live in here late '22 into early '23.
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Pete
Machinery Pete