Home / Machinery / Used Equipment / Auction sale prices / The times are a changing

The times are a changing

Agriculture.com Staff 11/16/2006 @ 10:00am

A few years back, NBC news anchor Tom Brokaw came out with a book titled "The Greatest Generation." The book focused on the times and trials of our forefathers who fought and lived through World War II. I loved the book.

As a culture, I don't think we pay the respect we should to our elders. We live in a now society. Everything is about today. I just think there is so much we can learn when we stop, take some time and ask questions of folks older than we are. Then we need to listen.

I got thinking about different generations on Tuesday of this week. Late in the afternoon I received auction sale price reports from two auctions held that day (November 14, 2006). They could hardly have been more different.

The first was a small farm auction from south-central Illinois. The auction wasn't advertised too widely. The equipment was in good shape, but older. Here's what a few items went for.

1980 IHC 1486 tractor, 4,200 hours, new A/C: $9,400

IHC 1586 tractor, 5,400 hours, 200 hours on overhaul & new TA: $10,000

IHC 806 tractor, 6,000 hours, diesel, turbo, duals: $6,700

1985 IHC 1440 combine, 2,000 hours, clean: $9,000

IHC 1043 4-row narrow corn head: $1,600

IHC 1300 9-foot sickle mower: $375

CaseIH 900 12R-30 planter: $3,400

1977 Ford F700 truck, 361 V8, 15' bed, 44,800 miles: $900

Untitled Document

Like I said, the two sales couldn't have been more different. The Nebraska auction, featuring all the late-model equipment, obviously needed to be more widely advertised, and it was. Interested parties could bid live online for items on this auction at the http://www.proxibid.com Web site, plus other regional farm Web sites.

Let's compare.

The combine on the Illinois sale, a nice 1985 IHC 1440 with 2,000 hours sold for $9,000. The combine on the Nebraska sale, a 2006 JD 9860 STS with 330 engine hours, sold for $185,000.

What do you think farmers from the "greatest generation" would have said if you told them back in the 1940s that someday in the future a used harvester would sell at auction for $185,000?

Maybe next week when you're sitting around the Thanksgiving table waiting for that piece of pumpkin pie, ask your father or grandfather. Then listen.

A few years back, NBC news anchor Tom Brokaw came out with a book titled "The Greatest Generation." The book focused on the times and trials of our forefathers who fought and lived through World War II. I loved the book.

CancelPost Comment
MORE FROM AGRICULTURE.COM STAFF more +

Farm and ranch risk management resources By: 07/07/2010 @ 9:10am Government resources USDA Risk Management Agency Download free insurance program and…

Major types of crop insurance policies By: 07/07/2010 @ 9:10am Crop insurance for major field crops comes in two types: yield-based coverage that pays an…

Marketing 101 - Are options the right tool… By: 07/07/2010 @ 9:10am "If you are looking for a low risk way to protect yourself against prices moving either higher or…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Global Issues for a Younger Generation