Tuesday, September 07, 2010














 

Pete's Point of View

Greg Peterson, Publisher
a.k.a. Machinery Pete

Machinefinder.com
 
1991 JD 4755 MFWD tractor with 4294 hours (683 on new engine) sold for $54,750 on east-central Illinois sale Wednesday - 1/9/2010
 

WOW: STRONG PRICES FROM EAST-CENTRAL ILLINOIS SALE WEDNESDAY
I just got a sale price report from my good friends at Bauer Auction Service, prices from the farm retirement auction they held Wednesday (Jan. 6th) near Newton, Illinois (east-central IL). A nice line of clean used equipment. I've listed a few sale price highlights below. I don't think there can be much doubt....the extreme scarcity of farm auctions (just not many sales in 1st 1/2 of January, anywhere in U.S) is having a pronounced affect on used equipment values, especially on TRACTORS.

  • 1991 JD 4755 MFWD tractor with 4294 hours (683 on new JD engine): $54,750
  • 1978 JD 4640 tractor with 7083 hours (2000 hours on engine overhaul): $27,250
  • 1970 JD 4020 diesel console tractor (no cab) with 5930 hours: $9,750
  • 1990 JD 9500 combine with 3026 engine hours: $26,000
  • JD 918 platform: $4,800
  • JD 643 6-row corn head: $5,100
  • EZ Trail 510 auger cart, like new: $8,400
  • 1976 Ford F750 grain truck, 14.5' grain bed, 59K total miles: $4,250
  • 1974 IHC Loadstar 1600 grain truck, 14.5' grain bed, new brake system, 45K miles: $4,700
  • CaseIH 496 24' disk: $10,800
  • White 6200 12R-30 corn/13R-15 soybean planter: $23,500
  • JD 724 24' 5-shank soil finsiher: $7,000
  • DMI 527 Ecolo-Tiger disc chisel, 5-shank: $8,400
  • IHC 27' rotary hoe, front fold: $1,250

    With so few auctions around and implement dealer lots still not exactly bursting with real good condition tractors with a bit of age on them, what we see are very strong prices like these paid for the (2) headliner tractors on this east-central Illinois auction. $54,750 for the 1991 JD 4755......I've only seen (6) 4755's sell for more $$ at auction over the last 10+ years. The highest auction sale price on a JD 4755 I've seen? $61,500 for the 1990 model 4755 with 3766 hours sold this past August 2009 on a sale in northeast Indiana.

    * (3) NEW AUCTION VIDEOS TO POST ON WEB SITE THIS WEEKEND *
    Fun stuff. We'll be posting (3) new auction videos this weekend in our "Machinery Pete Video" section on our homepage. We'll have highlights from (3) sales....one in northeast Missouri featuring about the nicest White 2-155 tractor you'll ever see; another video from west-central Illinois featuring an amazingly nice AC 8070 MFWD tractor; and finally a video with highlights from a southeast Iowa farm sale where super clean JD 7820 & 7810 tractors sold for very strong prices. So check back and click on the "Machinery Pete Video" link on our homepage to check out these (3) new videos.

    2000 JD 8110 MFWD TRACTOR WITH 2062 HOURS SOLD FOR $88K ON NW OHIO SALE
    The sale, a farm auction, was last Saturday (Jan. 2, 2010) by auctioneer Aaron Siefker in northwest Ohio. Aaron sent me a sale price report earlier this week and reported strong buyer interest in the equipment. The sale prices certainly reflected that. Here are a few more sale price highlights from this auction:

  • 2005 JD 1590 15-foot no till drill: $32,000
  • 1995 IHC 8100 truck, tandem, L10 Cummins, 20' Scott steel grain bed, 241K miles: $27,000
  • 1959 JD 730 gas standard tractor with factory 3pt (1 of only 292 built): $16,000

    * JOIN ME IN ORLANDO NEXT WEEK FOR 2010 AG CONNECT EXPO *
    I will be doing a 1 hour seminar on Wednesday, January 13th in the Innovations Theater at the 2010 Ag Connect Expo. If you're planning on attending this great farm show, drop by my seminar.....we'll talk trends in the used farm equipment market and open things up for some "Ask Machinery Pete" Q&A's. Here's a link to the Ag Connect Expo's web site: http://www.agconnect.com . If you can't make the Expo next week check back here to Machinerypete.com.....I'll have my handheld HD camera and will take a fun stroll around the equipment show floor and will post a new video in our "Machinery Pete Video" section highlighting some of the hot new machinery offerings at the show.

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