Machinery Pete:

Agriculture.com Staff 04/13/2006 @ 8:29am

Every week or two I like to drop an email to subscribers of our Web site. It's sort of a quick update on what I've been seeing in terms of auction sale prices.

In my last email update I highlighted auction sale prices from some very nice farm auctions in late March that featured large, later-model equipment, big dollar tractors, combines, planters, etc.

A few days later I got an email back from one of our customers. He mentioned how the figures were interesting, but never in his wildest dreams could he ever imagine owning and operating the type of equipment I shined our spotlight on. The dollar figures were mind boggling to him.

The business of farming has never been more diverse.

I was reminded again of this fact last week during my annual appointment with my tax accountant. After finishing up the number work, we got visiting with his partner. Seems he lives a little ways outside of Rochester (MN) and farms on the side. Call him a hobby farmer.

He mentioned he owns a Ford 4000 tractor and was wondering what it was worth. This guy, like my customer that dropped me the email, probably isn't interested in what a 2002 Deere 9650 STS combine is worth. Simply doesn't apply to his operation. If you are interested, check out these facts.

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Time Period

Average Auction Price

Average Dealer Ad Price

2006

$83,813

$130,391

2005

$99,333

$128,970

2004

$107,700

$144,089

The highest selling 2002 model 9650 STS we've seen sell at auction so far in 2006 was one with 1,298 engine hours in good condition. It sold in mid-March, in southeast Minnesota, for $101,000. Overall, the highest selling 9650 STS was the 2003 four-wheel drive model (excellent) with 970 engine hours that brought $120,000 at an auction in southeast Iowa in early March.

I looked back a bit further in our data. I found one 2002 model JD 9650 STS combine that sold at auction during the calendar year 2002, when it was brand new. It sold for $152,000 (0 hours, 4WD, Contour Master, Greenstar, loaded, sold in northeast Missouri). I also found one 2002 model a dealer had listed for sale, new back then, at $173,900.

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