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Machinery Pete: Values on tractors in rough shape

Agriculture.com Staff 07/09/2009 @ 1:11pm

Quite often in my column here online, in print for Successful Farming magazine, or in my "Machinery Pete" segments of our Machinery Show on RFD-TV I talk about auction sale prices that run on the high side.

I guess maybe just human nature to focus the spotlight and our attention on the really nice stuff, the eye opening high sale prices that leave the crowd talking. But I've got news for you.

It ain't all shiny out there.

Nothing you didn't already know there. In fact, the majority of equipment I see sold at auction definitely would not fall into the "excellent" condition category. A lot of it is "fair" to "poor." But it doesn't matter to me what condition a piece of used farm equipment is in. If it sells at auction, all I'm concerned about is getting the sale price and as much description on that piece of equipment as possible, good or bad.

It's still all about current value. What's it worth? About keeping more money in your pocket if you're buying, selling or trading used equipment...whether that piece of used equipment is late-model shiny, or seen its better days.

A post this past week in the Machinery Talk discussion group here on www.agriculture.com got me headed in this direction. The poster asked:

"What would a 4440 be worth in rough shape?"

I looked in our website and found 953 JD 4440's we've seen sold at auction. Sure, you probably heard about the 1982 4440 with 47 hours sold back in March on an auction in west-central Illinois for $58,000, but what's a junky 4440 worth?

Looking at our data, it appears around $11,000 - $13,000.

Just like on the shiny new stuff, no need to wonder what its really worth. Just look at what other folks have recently paid for similar ones, in this case, for 4440's in poor condition.

Click on the links below to see what I'm talking about. I have pulled auction sale price data from our web site on a few popular tractors. Click each link to pull up auction prices on that Make/Model. I have highlighted the lowest sale prices.

What's it worth in rough shape? Now you know.

Quite often in my column here online, in print for Successful Farming magazine, or in my "Machinery Pete" segments of our Machinery Show on RFD-TV I talk about auction sale prices that run on the high side.

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