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Parting with a beloved tractor

GREG PETERSON 09/27/2012 @ 10:22am 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

Yes, I love farm equipment and I love auctions.

But you know what the biggest fun has been for me these past 23 years building my Machinery Pete business? The people I’ve met along the way, folks from all over, from all aspects of the ag world. Folks I’ve met out at the sales and also folks I’ve only met and visited with on the phone, through email or online.

Guys like Pete Weisenberger of Flora, MS.

Pete reached out in a recent email and wondered if I could help him. Here’s how our conversation went:

Mississippi Pete: “I have a 1964 Farmall 806 Tractor in good condition with a little over 6,500 hours. What general range of value can I expect? It runs very good, and has had VERY little use over the past 15 years. I've kept it more as a collector's item than for working. I'm located in west central Mississippi. I bought it at a farm auction near my home in October 1990. Thanks.”

Machinery Pete: Sounds like a nice tractor. Average Auction Price on IHC 806s has run between $4,000 - $5,400 for the past 6 years. High sale prices each year usually in the $8K range, low sale prices down under $2,000. Nice original condition well cared for tractors from the mid 1960's to the mid 1970's are now what I call the "NEW COLLECTOR TRACTOR". You bought your 806 22 years ago....so you were way ahead of the curve with this trend :-) If you were looking to sell it the things to pull forward and be very up front about in any advertising you'd do would be:

  1. those 6,500+ actual hours
  2. fact you've owned it for 22 years, you bought it local
  3. very good condition...bought & loved over the years as a collector tractor (not hard labor, etc.)

Then the key thing would be to utilize the internet and social media to really GET THE WORD OUT on this very nice well cared for IHC 806 for sale. If you were looking to sell I could direct you to a number of free internet sites to list the tractor on (one being www.agriculture.com), couple other tips in terms of wording your listing, etc.

Any chance you could email me a pic of you with your 806? I'd love to see it :-) Let me know if by chance you were looking to sell it.”

P.S. I covered an auction in Corinth, MS this past January...some of friendliest folks I've encountered in my travels.”

Mississippi Pete: “Seems I paid $4,500 for it in 1990. One correction: I've owned it since 1990 except for about a year (2005-2006?), I sold it to a local friend of mine who actually cleaned it up and painted it. Really made it look good. I had to buy it back. I couldn't part with it. As much as I'd love to keep it forever, I'm getting older and just need to sell this and other stuff I've collected. No one else in the family wants it.

It certainly hasn't been worked hard. With hot batteries, it cranks like nothing I've ever seen. I've got it under a shed at a friend's place now. It hasn't always been shedded, but seems no worse for the wear. Light tillage, mostly bush hogging, some planting and cultivating in the early 1990s. Here are some pictures of my pride and joy, my 1964 Farmall 806. It cranks and runs like a top, hardly used at all the last 10-12 years.”

Click on the link below to view the last (286) IHC 806 tractors I’ve seen sold at auctions all around the U.S. and Canada over the past 16+ years. If you are interested in this IHC 806, go to our Machinery Pete Facebook page and drop me a note, or send me an email message and I could put you in touch with Mississippi Pete to talk turkey on his prize 806.

  • www.Machinerypete.com (1-yr. subscription $69.95; 1-week $10)
  • "auction results" 319,325 sale prices on ALL types of equipment. Updated daily
  • "upcoming auctions" free searchable list of equipment on upcoming sales
  • "dealer equip." free searchable list of equipment for sale by dealers
  • "Who Makes it?" searchable database of farm equipment Mfg's
  • "Classifieds" free place to list your used equipment for sale
  • Machinery Pete blog...see what Pete's yakking about
  • Machinery Pete YouTube videos (click on video player image on homepage)
  • Pete's new Facebook page  (lots of pics & info uploaded daily)
  • Machinery Pete's 2011 Auction Price Guide: $19.95, call 800-381-0423

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