Tuesday, September 07, 2010














 

Pete's Point of View

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

Ironplanet.com Online Auctions
 
1988 Ford-Versatile 876 tractor with 6687 hours sold for $25,000 on recent north-central Kansas farm auction - 1/20/2010
 

SALE PRICES FROM NORTH-CENTRAL KANSAS FARM AUCTION
I got a sale price report today from Corey Mikkelsen with Mikkelsen Real Estate & Auction of Superior, Nebraska from a nice farm auction they had back on November 10, 2009 down across the border in north-central Kansas. Here are a few sale price highlights:

  • 1988 Ford-Versatile 876 tractor, Designation 6, 6687 hours: $25,000
  • 1979 JD 4640 tractor: $14,500
  • 1996 JD 9600 combine with 3307 engine hours: $40,500
  • 1999 JD 925 25' flex head, full finger auger: $9,300
  • JD 925 25' rigid head: $4,500
  • 2003 JD 1860 36 no-till air drill, 20R-15, JD 1900 bulk trailer( fair): $53,750
  • 1994 Kent Series V field cultivator, 46': $10,000
  • Krause 4991 disk, 30': $11,000
  • A&L 57 grain cart: $5,750
  • Henke B240-247 feed wagon: $5,500
  • NH 355 grinder/mixer, worked good: $875
  • WW Stock trailer, 16': $1,000
  • Westfield WR 80-41 auger, like new: $3,100
  • 1993 NH 2250 swather, 2007 HS Series 18' haybine head: $18,000
  • 2003 NH BR780 round baler, monitor, extra sweep: $7,100
  • Pride of the Prairie hay trailer: $6,800

    What I like to do when these auction sale price reports come in, is to zero in on specific items, see how the new sale price compares to others we've seen recently and back through the years. Let's take that Ford-Versatile 876 TRACTOR for example. Here's some data I found in our "auction results" database, kind of interesting:

    Auction Prices on Ford-Versatile 876 Tractors Over the Years

  • $25,000: 1988 model, 6687 hours, sold 11/10/09 in north-central Kansas
  • $26,000: 1991 model, 7120 hours, sold 4/21/09 in northwest Minnesota
  • $32,000: 1989 model, 6379 hours, sold 6/30/08 in east-central North Dakota
  • $20,000: 1985 model, 6055 hours, sold 12/1/07 in south-central Montana
  • $28,000: 1985 model, hours?, sold 1/10/07 in west-central Illinois
  • $23,500: 1987 model, 4800 hours, sold 2/1/05 in north-central Indiana
  • $24,500: 1989 model, 4850 hours, sold 2/1/05 in southwest Nebraska
  • $27,500: 1992 model, 4006 hours, sold 7/30/04 in east-central North Dakota
  • $44,750: 1993 model, 1295 hours, sold 3/21/03 in south-central Kansas
  • $34,000: 1990 model, 6396 hours, sold 12/13/00 in southwest Minnesota
  • $42,000: 1991 model, 3095 hours, sold 11/4/99 in southeast North Dakota
  • $64,000: 1993 model, 456 hours, sold 2/24/96 in northeast South Dakota

    I wonder how many hours that 1993 model Ford-Versatile 876 sold on the South Dakota auction back in February 1996 has on it now??

    * ARTSWAY BUYS MANURE SPREADER LINE FROM RODA MFG. *
    Here is a press release that came today (January 20, 2009) from Artsway, announcing their purchase of the manure spreader line from Roda Mfg:

    ARMSTRONG, Iowa, Jan. 20 /PRNewswire-FirstCall/ -- Art's Way Manufacturing, Inc. (Nasdaq: ARTW), a leading manufacturer and distributor of niche agricultural machinery, equipment and services, is pleased to announce the Company completed the previously announced acquisition of the manure spreader product line of Roda Manufacturing, Inc., Hull, Iowa. www.rodamfg.com. At closing, Art's Way Manufacturing paid approximately $1,189,000.

    The product line includes The H Series - a non-commercial, high quality, low maintenance pull-type manure spreader that comes in 400, 600 and 800 bushels. The V Series - a commercial spreader with removable vertical beaters, adjustable apron speed and a reversible apron. The HV Series - combines the best of both the H and V Series. These units are rugged, reliable and available in 20', 22' and 24' box length with either horizontal or vertical beater options. They also feature a durable one-piece frame design and a triple apron.

    J. Ward McConnell, Jr., Chairman of the Board, said, "Our entire team is extremely pleased to complete this product line acquisition because we believe it will be earnings accretive immediately, hold a compelling valuation, is an outstanding fit with our industry leading forage equipment and is a key element in our 'roll-up strategy'. This vertical acquisition allows us to expand and round out our product line, improve our niche manufacturing leadership position, build our asset base for revenue growth and increase shareholder value. I know our dealers will be very excited to be able to offer this outstanding line of manure spreaders to their customers."

    About Art's Way Manufacturing, Inc.
    Art's Way manufactures and distributes farm machinery niche products including animal feed processing equipment, sugar beet defoliators and harvesters, land maintenance equipment, crop shredding equipment, plows, hay and forage equipment, manure spreaders and top and bottom drive augers. After market, service parts are also an important part of the Company's business. We have two wholly owned subsidiaries. Art's Way Vessels Inc. manufactures pressurized tanks and vessels; Art's Way Scientific Inc. manufactures modular animal confinement buildings and modular laboratories.

    PETE'S TAKE: I've noticed just the last 2-3 weeks here that general business activity in the wider economy appears to be picking up, evidenced by purchase deals such as this one. Good to see strong companies like Artsway out there looking to buy, looking for active ways to achieve continued growth and ways to reach more customers with new solutions. I hope their new manure spreader line works out well for them. Here's a link to Artsway's web site: http://www.artsway-mfg.com

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