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Grain trucks selling high in Canada

GREG PETERSON 04/05/2012 @ 8:08am Greg Peterson writes "Machinery Pete" column for Successful Farming magazine and appears on the Machinery Show on RFD-TV, talking about trends in the used equipment market

I don’t know where to start.

Values on good condition used farm equipment have been exploding higher here in 2012. The trend only accelerated in late March on here into early April. So many examples of amazing auction sale prices I want to tell you about. I’ll just start with yesterday, April 2, 2012. Here are a few sale price highlights from a super nice farm retirement auction in west-central Saskatchewan, Canada:

  • 2000 JD 7610 MFWD tractor with 1,256 hours: $90,000

  • 2005 CaseIH STX450 4WD tractor with 851 hours: $195,000

  • 2010 Seed Hawk 66’ seeding tool, 12” spacing: $155,000

  • 2005 Bourgault 6550 tow behind air tank: $87,000

  • 1996 Rogator 854 sprayer with 3,437 hours, 100’ boom, 800 Gal.: $77,500

  • 2007 Bobcat S300 skid steer, only 75 hours: $55,000

  • 1987 IHC S1900 tandem axle grain truck, 20’ steel box, 422,470 Kilometers: $57,000

  • 1981 IHC S2554 tandem axle grain truck, 20’ steel box, 184,621 Kilometers: $57,000

Kramer Auctions, Ltd. sold the pair of IHC grain trucks choice. The buyer took both, for $57,000 each. “It was crazy,” said auctioneer Brendan Kramer. “Jaws dropped when he said he'd take them both! The whole sale was nuts.”

Check out the price on that 2007 Bobcat S300 skid steer…$55,000. How about what the 2000 JD 7610 tractor sold for? $90,000, a new record high auction price I’ve seen, topping the previous high sale price of $82,750 for a 2001 model 7610 with only 318 hours sold back on a April 19, 2008 auction in east-central Missouri. Check out the auction sale prices I’ve compiled on JD 7610’s below:

Oh, the conversion rate from Canadian $$’s which the prices I listed above were in to our U.S. dollars? With a 1.00955 conversion rate each of those sale price listed above converts to jus slight MORE $$ in U.S. dollars. So those (2) IHC grain trucks from the 1980’s sold for $57K each….make that $57,544 in U.S. dollars.

What I had planned to lead this week’s column with were prices from last Saturday’s (March 31, 2012) farm auction I covered in northeast Iowa, a sale by Sweeney Auction Service out of Waukon, IA. This was a retirement auction for Bob & Joyce Halverson. Another “red hot” sale.

Here are a pair of YouTube videos I shot at this auction. The first video has general sale highlights, including a new record sale price on the Gehl 125 Grinder/Mixer and the JD 980 24’ Field Cultivator. The 2nd video features the 2004 JD 8120 MFWD tractor with 1,033 hours sold for another new record high auction sale price:


Video of 2004 JD 8120 Tractor selling for record price



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