If I have heard this joke once, I have heard it a thousand times. “The best thing about 2020 is that it over!” 2020 was a year filled with challenges — everything from a pandemic to someone paying you to take their oil, literally.
The run-up to the 2014 auction season was one of disbelief and dismay. The amount of used equipment on the market was no joke, and it was getting worse every day.
I talked to many people in 2019. All of them had a similar story to tell about the year: it wasn’t terrific. It was either too wet or too dry; planting was hot and dry or cold and wet.
There was a large absolute dealer auction held on Aug. 8, 2017, in north central Illinois. It’s always fascinating to compare wholesale auction sale prices from dealer/consignment/online auctions vs. traditional farm auctions.
Let’s talk big square balers. I saw a very nice 2011 model Massey Ferguson 2150, one owner, only produced 7,800 bales, sell for $51,000 at a farm auction in northeast Iowa.
June 1, 2017, was the day John Deere unveiled its new S700 Series combines. I posted a video from the event at lunch time that day. I suspected there would be a lot of interest out there in farm country. By the next morning the video had 7,385 views.
I’m sure too it’s no surprise to you hear me say that over nearly 3 decades tracking auction sale price data I’ve found “farm” auctions tend to produce the strongest sale prices. This makes sense.
Trends with used farm equipment values are always top of mind with me as I pour through the different types of data (auction price data, dealer listing price data, search traffic data) our Machinery Pete business churns out daily. There are two trends I want to pull forward and touch on here with you as the calendar flips to March 2017.
The auction price caught my eye as soon as I saw it: $39,000 for the 2013 John Deere 569 round baler on a Nov. 3, 2016, farm auction in central North Dakota.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at Titan Machinery’s Q4 and FY 2025 earnings, and the improvement in inventory levels over the last 2 quarters
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
At Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.
Finance Scope is able to provide the best financing opportunities for equipment dealers and customers through a diverse mix of lending companies under one single platform. Our large group of lenders, allows for competitive rates regardless of credit scores. Additionally, dealers and customers have access to the industry’s best expertise surrounding finance and lease structures, for all purposes, within the agricultural and construction industries. We provide all of this into one online platform to provide our customers with the best available tailored finance solution for their equipment.