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Hot prices on Wisconsin auction

GREG PETERSON 02/23/2012 @ 9:47am Greg Peterson writes "Machinery Pete" column for Successful Farming magazine and appears on the Machinery Show on RFD-TV, talking about trends in the used equipment market

Two very interesting tidbits from a real nice farm auction Monday in west-central Wisconsin:

  1. 1997 CaseIH 8920 MFWD tractor with 1,641 “1 owner” hours, always shedded, never used in winter, sold for $96,000. The owner paid $71,000 for this tractor new back in 1998. New record high auction price here at $96,000, besting previous high sale price of $88,000 set just on December 3, 2011, on a farm auction in northwest Illinois for a 1997 8920 MFWD with 1,582 hours.

  2. Miller 4-row 3pt. cultivator sold for $1,700. Wow. I checked our auction sale price data and that is $700 higher than any Miller 4-row cultivator I’ve seen sold at auction over the last 16+ years. The previous high sale price ($1,000) came on a February 23, 1996 farm auction in this same west-central Wisconsin region.

16 years later and a similar one sells for 70% more money. Wow.


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