Monday, March 24, 2008

Used Equipment Prices Still Going Up

As with all things in the agriculture economy right now, the prices of used pieces of equipment are also on the rise. Greg Peterson of Successful Farming has been tracking these prices for many years and this is his latest observation:

Yesterday (March 19, 2008) on a farm auction in extreme southwest Indiana, a 1994 model Ford-NH 8340 tractor with 1,156 hours sold for $25,000. This tractor had front-wheel assist, cab and was in good condition. Click here to view more auction sale prices from this Indiana auction.

Back on March 1, 2008, I saw another 1994 model Ford-NH 8340 front-wheel assist tractor (106 horsepower) sell at auction. This time in northeast Missouri. That tractor had 3,850 hours and sold with a Ford 7410 loader. The tractor and loader sold for $30,000.

Here are a couple other recent examples. On March 13th, a JD 6715 tractor (105 horsepower), mechanical front-wheel drive with 800 hours sold for $43,500
on an auction in north-central Wisconsin. The next day (March 14th), a 2006
model JD 6715 mechanical front-wheel drive tractor in like new condition sold
for $50,000 on a sale in northwest Ohio.

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