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Watching Illinois auction today

Agriculture.com Staff 11/24/2015 @ 8:13pm

My eyes today (January 28, 2010) are trained on central Illinois.

A very nice farm auction by Mike Maske and Mike Hall, a retirement auction for Lyle McWard. Good line of equipment up for sale. Nice farm sales like this stick out like a sore thumb right now because the month of January has been SO slow in terms of the number of auctions.

According to data on upcoming machinery auctions we've been compiling for over 15 years, the first 26 days of January 2010 saw 55% fewer machinery auctions than the first 26 days of January 2007. Go back five years and it's even more pronounced, 64.5% fewer machinery auctions this month vs. the first 26 days of 2005.

As for the auction today in central Illinois, here's a list of some items for sale:

2000 John Deere 9550 combine with 1,737 engine hours

1999 John Deere 693 corn head

2000 John Deere 925F grain platform

EZ Trail 672 25' combine header trailer

1990 John Deere 8560 4WD tractor with 4,726 hours, $20K spent on John Deere remanufactured engine

2008 John Deere 6430 MFWD tractor with 618 hours and John Deere 673 loader

1993 John Deere 7800 2WD tractor with 4,415 hours

Brent 644 gravity wagon

Kilbros 385 gravity wagon

John Deere HX15 batwing mower

MC 180SB 15' shredder

Top Air 500 gallon sprayer

1999 Ford F350 pickup, V10, 4x4, 84K miles, white

2001 Honda Rancher ES ATV, 518 miles

How do you know what each of these items is worth? What's a fair price? What's the going rate? You certainly don't want to go into a sale like this, or any potential buying situation, simply guessing at price. Or simply going on vague retail prices. Best and most helpful I think to know what other folks have recently paid for similar items.

So, here you go. Just click on any of the pieces of equipment in the above list and you'll see the auction sale price data I've compiled on that item the last few years.

Untitled Document Now comes the fun part. Seeing how these recent sale prices compare to what each of these items sells for on the auction today in central Illinois. Will sale prices continue to trend higher given the lack of sales this month? We'll see. I'll catch up with auctioneer Mike Maske after the auction and post the sale prices in my "Machinery Pete" blog at www.machinerypete.com.

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