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Machinery Pete: Record sale price on 1967 IHC 706 tractor

Agriculture.com Staff 03/29/2006 @ 8:17am

They say records are made to be broken.

Some just take longer than others. Bob Beamon comes to mind. The U.S. athlete set the world long jump record at the 1968 Summer Olympics. Not just set the record, shattered it actually, adding an amazing 21 ¾ inches to the old mark.

Beamon's record leap stood for 23 years.

I'm kind of thinking the record setting sale price we saw this past Saturday (March 25, 2006) for the 1967 IHC 706 tractor sold in central Michigan will stand for quite a while. It sold for $11,750.

How high is that?

So why did this 1967 IHC 706 tractor with 4,870 hours sell for $11,750 in central Michigan Saturday?

You put a couple older cherry condition tractors like this together on a farm auction where all the local folks know how well the seller has cared for his equipment over the years and you've got a recipe for high sale prices.

Or maybe it was just something in the air Saturday.

Just more proof, I guess, of how very strong the current used farm equipment market is.

They say records are made to be broken.

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