The cost of New farm equipment sure has RISEN over the years, hasn’t it?
Same with Used.
Let’s take used Tractors. Tonight I dug into our www.MachineryPete.com auction sale price data going back 30 years, to 1990, and pulled together here a fascinating hard cash look at indeed how incredibly used Tractor values have climbed over the years. Sink your teeth into these numbers:
HIGHEST TRACTOR AUCTION PRICES - MARCH 1990
- $44,500: JD 4450 MFWD with 1289 hours, farm auction, west-central Wisconsin
- $42,500: JD 4650 MFWD, ? hours, farm auction, southeast South Dakota
- $41,000: 1987 JD 4450 2WD with 300 hours, farm auction, west-central Minnesota
HIGHEST TRACTOR AUCTION PRICES - MARCH 2000
HIGHEST TRACTOR AUCTION PRICES - MARCH 2010
Here’s Machinery Pete Youtube video I filmed of the highest selling Tractor back in March of 2010…a 2010 model JD 8345R with 0 hours on it, never used, selling for $227,500 on a farm estate auction in Page, ND by the Steffes Group: https://www.youtube.com/watch?v=LSdcz_Mxi0I&t=38s
HIGHEST TRACTOR AUCTION PRICES - MARCH 2020
- Data by www.MachineryPete.com
So from high auction sale Tractor price of $44,500 30 years ago, to $110,000 20 years ago, to $227,500 10 years ago…and $385,200 today.
Wow.
Time flies. So do used Tractor values.
Pete
Machinery Pete
www.MachineryPete.com