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Nice used tractors selling for record prices

Agriculture.com Staff 08/09/2007 @ 10:00am

I have never seen the demand this strong for good used tractors.

Never, not in my nearly 18 years of tracking auction sale prices.

Let me shed some light. Take the 1999 model CaseIH MX200 mechanical front-wheel drive tractor with 1,555 hours that sold last Saturday (July 28, 2007) on a farm auction in southeast Minnesota.

It sold for $72,000.

How high is that? See for yourself. Click on the link below to pop up all the CaseIH MX200s I've seen sell at auction the last five years.

Click here to download a PDF with expanded auction price data on CaseIH MX200 tractors.

Skim through the 32 MX200s sold and you'll find only three that sold for more money. One was just a couple months back, a 1999 model with 916 hours that sold on an auction north-central Iowa for $75,000.

But check out what a 2000 model MX200 with only 241 hours sold for back on January 15, 2002, in north-central Iowa - $74,000. Now compare that to the first two MX200s in our table.

Even though they are older and have more hours, they're simply worth more now.

Here's more proof of the red hot market for very good condition used tractors. Another farm auction last Saturday, this one in northwest Illinois, sold a 1991 CaseIH 5140 two-wheel drive tractor with 1,892 hours for $35,000. That's higher than any 5140 mechanical front-wheel drive tractor I've seen sell in the last 11 years.

By a mile!

Again, see for yourself.

Click here to download a PDF with expanded auction price data on CaseIH 5140 tractors.

Just shows the level of pent up demand out there currently for these very high quality used tractors. Not just the red ones setting sale price records either. Two Saturdays back (July 21, 2007), a 1990 JD 4255 two-wheel drive tractor with 1,578 hours sold for $44,250 on a northwest Ohio auction. That is the highest selling two-wheel drive 4255 I've seen in over six years.

Click here to download a PDF with expanded auction price data on John Deere 4255 tractors.

New ones aren't getting any cheaper, and it seems we're looking at fewer and fewer number of auctions as each year passes. Add it all up and I look for this trend to continue. The really nice used tractors will continue to attract extremely strong buyer interest on upcoming auctions and on dealer lots around the country.

I have never seen the demand this strong for good used tractors.

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