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Pete's auction preview video

GREG PETERSON 11/04/2010 @ 11:02am 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

I like this idea.
For the last year and a half I've been zipping around the country shooting video of machinery auctions then posting the video highlights on our Machinery Pete YouTube channel (http://www.youtube.com/user/machinerypete). But a new idea: video "before" the auction. A video preview of the upcoming auction. A chance to see and hear the equipment on the sale, maybe talk a bit with the owner.
I like this idea. A lot.
Okay, here's our first crack at this idea, with the help of auctioneer Mark Younger of Younger Land & Auction Company of Maryville, Missouri. Mark has a fantastic farm retirement auction coming up Saturday, November 13th near Reserve, KS (northeast KS). A great line of late-model Deere equipment on this auction. Here's your video preview:

As I mention in the preview video, I will be at this auction Saturday, November 13th in Reserve, KS to shoot video. I'll also have our film crew with the "Machinery Show" on RFD-TV along with me to shoot the auction. Should be fun. Oh, by the way, Season 4 premiere of the "Machinery Show" is tonight, Nov. 4th, at 8 PM CST (DirecTV 345, Dish 231, check your local cable listings. Also Sunday night 9 PM CST).
Now let's look at some of the headline equipment items on this auction. What are they worth? Let's start with the 2009 JD 9670 STS combine. Here's my list of auction sale prices I've compiled on other JD 9670 STS combines:

Let's move on now to the heads, a 2009 JD 612C 12-row chopping corn head and a 2009 JD F625 25' bean platform. Good video of both these heads in action, thanks Mark! So what are they worth?

Now I'd offer a little qualifier to our auction price data from the past year. Since July 2010 I've noticed auction sale prices trending generally higher on very good condition equipment. This trend has even picked more speed of late. Proof of that came last Saturday (Oct. 30th) on a farm auction in central Ohio. On that sale by my auctioneer friend Larry Wigton, a JD 4440 tractor in excellent condition with 3,301 hours sold for $34,000.
Yep, $34,000. Larry reports to me the sale and specifically that 4440 sold for $34K have been the talk of local coffee shops this past week. I guess so.
Also consider we're wading into November right now and the last three years I've noticed a real uptick in auction sale prices come November and December. Not hard to figure out why. The year-end tax buyer crowd. This crowd just keeps getting bigger and bigger. This November with commodity prices surging higher will we see auction sale prices strengthen further?
Stay tuned.
One more item on the Nov. 13th auction in Kansas, a 2009 JD 1790 24R-20 planter. Check out other JD 1790's I've seen sold at auction the last couple years:

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