Used Farm Machinery Market Increasing Over Last 10 Years
chris sandler 01/29/2013 @ 11:46am Just a guy who lives in Maine, has friends, has family, and has a good time.
Over the past decade, used farm machinery, specifically tractors, have seen steady growth in auction selling prices, according to Greg Peterson (aka Machinery Pete)As a whole, 2012 saw an all-time high value increase for used farm machinery, reported Peterson in a column for Agriculture.com.
Machinery Pete scours the U.Sfor tractor auctions to report on the final selling price of the used farm machineryIn 2012, Peterson gathered data from hundreds of auctioneers across all varieties of used tractors for sale and documented the record high prices, their increase in value since the initial product release, and how many work hours the tractor has loggedAccording to Machinery Pete’s data, the high selling prices reported from this year’s used tractor auctions coincide with the steady value increase used farm machinery has seen over the past decade.
Machinery Pete claims the data speaks for itself: “Quite often, I drive the point home by highlighting another new record-high auction sale price from somewhere around the U.S