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Used combine shopping

GREG PETERSON Updated: 12/20/2012 @ 3:23pm 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

Looking forward, looking back.

It’s what I do every day tracking auctions on used farm and construction equipment. What’s coming up for sale? When and where? What did similar items just sell for? Let’s take the example of a JD 9560 STS combine. I look in our “upcoming auctions” section of our www.machinerypete.com website and find:

  • 12/29/12 farm auction, Hudsonville, MI…2006 JD 9560 STS 4WD combine with 1,400 engine hours, 1,050 sep. hours (above). 

OK, so now what is a machine like this worth? I hop into the “auction results” database in our website and find 40 that sold at auction over the past few years, and 14 sold so far in 2012. Click on the link below to see for yourself:

I find these very recent 9560s that have sold at auction:

  • $130,000: 2005 model, 1,219 engine hours, 12/7/12 farm auction north-central IN
  • $117,000: 2005 model, 1,643 engine hours, 11/7/12 farm auction south-central NE
  • $120,000: 2005 model, 1,296 sep. hours, 11/29/12 dealer auction southeast MN

I look in the calculator pricing tool in our www.machinerypete.com website and find data on JD 9560 STS combine values:

  • Average auction price this year: $107,321
  • Average dealer advertised price this year: $149,156

The highest auction sale price I’ve seen so far this year (and also in the past four years) was $147,000 on an August 11, 2012, farm retirement sale in southeast Minnesota for a 2005 model in very good shape with 1,224 engine hours. Here’s YouTube video I shot at that auction, including footage of the combine selling:

www.Machinerypete.com (1-yr. subscription $69.95; 1-week $10)

  • "Auction results" 326,740 sale prices on ALL types of equipment. Updated daily
  • "Upcoming auctions" free searchable list of equipment on upcoming sales
  • "Dealer equip." free searchable list of equipment for sale by dealers
  • "Who Makes it?" searchable database of farm equipment manufacturers
  • "Classifieds" free place to list your used equipment for sale
  • Machinery Pete blog...see what Pete's yakking about
  • Machinery Pete Youtube videos (click on video player image on homepage)
  • Pete's new Facebook page  (lots of pics & info uploaded daily)
  • Machinery Pete's 2011 Auction Price Guide: $19.95, call 800-381-0423

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