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Big auctions close out 2011

GREG PETERSON 12/28/2011 @ 1:35pm 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

Any big plans end of 2011 parties?

Me? Yep, I’ve got plans. I’ll be covering (2) very large farm machinery auctions this week, one today (Dec. 28th) in Plainview, MN, a farm auction by Steffes Auctioneers featuring (3) Caterpillar track tractors and (2) Caterpillar Lexion combines. Then on Friday (Dec. 30th) I will be down in Mason City, IA to cover Gehling Auction’s huge absolute inventory reduction auction for Mason City Red Power, Inc.

Friday’s auction in Mason City, IA features (31) mostly late model Combines, including (22) Combines from model year 2009 to 2011. Wow. (8) of those combines are CaseIH 7120’s, ranging in engine hours from 238 to 1,050. What do you think they will sell for? Check the other CaseIH 7120 combines I’ve seen sold at auction the last couple years below:

Pete’s auction prices on CaseIH 7120 Combines

I will be shooting video at both today’s and Friday’s auctions and will post video to our Machinery Pete YouTube channel after the sales. Used farm equipment values have steadily risen on most all types of equipment categories throughout 2011. The run up in used values picked up additional speed beginning in August and got another big jolt when November rolled around. So now here come (2) large auctions to close out 2011. How will things sell?

We’re about to find out.

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