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Auction exceeds expectations

GREG PETERSON 03/17/2011 @ 2:52pm 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

South Dakota yesterday. Illinois on Saturday.

I love March, the busiest month of the year for machinery auctions. Quite a day yesterday out just south of Wessington Springs, South Dakota (east-central SD). Steffes Auctioneers had a huge farm auction for a farmer downsizing his very large farming operation out of the livestock biz. There were (9) 2010 model tractors on this auction.

Now you see why I was out in South Dakota yesterday.   

How did the sale go? Well, I'd say another strong one. When the final sale total comes in over 25% above what an experienced knowledgeable auction firm like Steffes Auctioneers had the sale pegged at, yeah, you can say it was a strong sale. Here's a Youtube video clip I just posted of the highlight tractor on yesterday's sale, a 2010 JD 9630T with 441 hours and DuraBuilt 36-inch tracks. This baby was dolled up, 1000 PTO, 5 hyd., deluxe cab, Auto Trac ready, HID lights and the balance of warranty remaining:

I'll be posting another Youtube video later today (March 17th) with more highlights from yesterday's auction in Wessington Springs, SD, so check out www.Machinerypete.com for those.

So what made the sale yesterday so strong? Trucks and livestock equipment namely. An incredible number of semi trucks on this auction. First to sell was a 2008 Kenworth T800, factory day cab, ISX Cummins, 485 HP, 18 speed auto shift, Merritt aluminum headache rack, aluminum grill guard, push 3rd axle, 4:11 axle ratio, showing 153,956 miles.

Sold for $91,000.

Wow, what variety on livestock equipment. Steffes Auctioneer Randy Kath, a hay and livestock specialist out of Steffes Litchfield, MN office, told me at the sale yesterday that when the 2nd ring moved over to the area where the livestock equipment was set up, there were 350 folks waiting. No surprise then that strong bidding ensued.

Here are a few snippets for you: Cattlelac 560 feed mixer, single axle, scale $18,500; Lorenz 1633 stack mover, 1000 PTO, one season use $17,250; Rowse 20-wheel heavy duty V rake $25,500; Haybuster 2650 bale buster processor, like new $15,000.

Saturday (March 19th) I'll be down in northern Illinois for the 27th Annual Leland Lions Club consignment auction. This annual sale has turned into the biggest day of the year in little Leland, IL. Last year's auction drew over 2,100 registered bidders and 4,000 folks to Leland on sale day. Wow. The auction is a fund raiser for the Leland Lions Club, which puts the money raised to fantastic local causes throughout the year.   

Check out this Youtube video I posted telling the cool story behind annual auction:

As I mention at the end of the video, I will be distributing "Free 10-day pass" cards to our www.Machinerypete.com web site at the bidder registration table Saturday at the Leland, IL auction. Should be a fun day at the sale with five or six rings selling most of the day. The line of equipment? One mile long. I can't wait.

www.Machinerypete.com (1-yr. subscription $69.95; 1-week $10):

  • "Auction results" 263,611 sale price 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's 2010 Auction Price Guide: $19.95, call 800-381-0423
  • Pete's new Facebook page
  • See the latest Agriculture.com columns from Pete

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