Planter prices

Agriculture.com Staff 05/15/2008 @ 10:30am

The cold, wet spring of 2008 continues.

Jim, a Wisconsin farmer, called me yesterday wondering what his IHC 5088 tractor with 5,400 hours was worth. He mentioned he'd been thinking of selling it for some time, and had just never gotten around to it. But continued muddy fields kept him from planting again yesterday, so he had some unwanted down time.

So Jim called me to talk IHC 5088 tractor values.

I told him I thought he was in the right neighborhood with his proposed asking price of $17,000 for his tractor, a two-wheel drive model with just over 1,000 hours on a complete overhaul.

Click here to download additional sale price data on IHC 5088 tractors sold at auction.

I had another conversation with an Iowa farmer last week who told of getting one, then two, then three tractors stuck in the mud. Ugh. Hang in there guys. Hopefully field conditions will improve here very soon.

In lieu of actual planting, how about we take a look at current trends in used planter values? Check out the table below, showing average auction sale prices and average dealer advertised prices on a few 12R-30 planters. This data comes from the "Calculator" pricing tool on my Web site (www.machinerypete.com).

Untitled Document

Make/Model

Average 2008 Auction Price

Average 2007 Auction Price

Average 2008 Dealer Advertised Price

Average 2007 Dealer Advertised Price

JD 7000

$3,488

$3,675

$8,040

$7,535

JD 7100

$3,092

$2,295

$7,000

$5,238

JD 7200

$16,996

$12,685

$17,682

$17,033

JD 7300

$10,700

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