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Machinery Pete: Current prices are key to accurate valuations

Agriculture.com Staff 02/09/2006 @ 8:52am

The memory made me smile.

Fourth grade science class. Our teacher, Mrs. Sullivan, was old school. Her pronunciation of certain words seemed to be old world to all of us little smart alecks at North Side Elementary in Benson, MN, circa 1975. What especially got us was when she'd say the name of a particular neighboring town about 30 miles down the road. Monte - vi - deo.

As know-it-all 11 year olds, we snickered, preferring the two syllable version "Monta - video".

I got to thinking of Montevideo this week as I looked in our upcoming auction database on our Web site. Nice farm auction coming up on February 24th, featuring a 1998 JD 7810 MFWD tractor with 2,095 hours.

Hmmm, wonder what it will sell for?

I don't know about you, but whenever I'm trying to assess current value, I like to hang my hat on current sale price data on similar items. Note my emphasis here on the word current.

This has never been more important than right now. This used equipment market has been so strong the last three months you really need the latest, freshest data to be able to make solid valuations. Case in point, the JD 7810 tractor on the upcoming auction in Montevideo. (See the chart below to view the 7810's we've seen sell at auction since December 2005.)

 

Year

Hours

Condition

Price

Date

Location

Specifications

1997

4500

G

$56,000

1/27/2006

NCCO

MFWD, radar, performance monitor, 14.9-46 duals, Power Quad, 3hyd, air seat

1997

2200

G

$59,800

1/17/2006

WCIL

MFWD, duals

2000

1446

G

$70,500

1/11/2006

NWIL

MFWD, 18.4-42, HUB DUALS, POWER QUAD, 5 SPEED, FRT. WTS, FRT. FENDERS, WHEEL WTS, 3 HYD., QH

2001

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