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Buyers willing to travel

Agriculture.com Staff 01/10/2008 @ 9:30am

Thirteen was not an unlucky number last Saturday for Kentucky auctioneer Robert Blackford.

Blackford had a very nice farm auction January 5, 2008, in southwest Kentucky. Not a huge sale, just really good quality stuff. Blackford reported after the sale that despite an iffy weather day, 600 bidders registered. A very healthy number for sure, but what really caught his attention (and mine) was the fact that the bidders represented 13 different states: ND, SD, PA, KS, IL, IN, KY, TN, AL, OH, NE, IA and NY.

Not exactly all neighbors to the bluegrass state.

Just solid evidence that in this very tight market for good quality used farm equipment, prospective buyers will definitely travel, great distances in many cases, for a shot at that exact piece of equipment they're after.

One thing that caught my eye on this auction was the CaseIH 7140 tractor. A 1988 model mechanical front-wheel drive with 4,340 hours, it sold for $49,000. Not too long ago, it was pretty rare that I'd see 7140s approaching $50,000. Looking in our database of auction prices, I found only one CaseIH 7140 sold for at least $49,000 from October 1999 through mid-November 2006.

Since then I've seen four 7140s sell for $49,000 or more. The highest went for a whopping $55,250, that one a super nice 1992 model 7140 with 2,485 hours sold December 14, 2007, on a sale in northwest Iowa.

Click here to view all of the CaseIH 7140s, I've seen sell at auction for the last 11 years.

What else has caught my eye here lately?

I've seen four Rogator 854 sprayers sold at auction in the last few weeks, one just down the road from me here in southeast Minnesota, that one a 2002 model with 2,837 hours, 1,000 gal. tank and 80-foot booms. It sold December 14, 2007 for $65,000.

Click here to view more Rogator 854 sale prices.

One last chunk of sale price data for you, just for fun, all the Dodge pickup trucks I've seen sold at auction over the last 10 plus years.

Click here to view the Dodge pickup truckprices.

Thirteen was not an unlucky number last Saturday for Kentucky auctioneer Robert Blackford.

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