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Planter sells for record price

GREG PETERSON 04/18/2012 @ 4:35pm 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

New York and Kansas are a long way from northwest Ohio.

Even so, auctioneer Aaron Siefker fielded calls from that far away about the 2007 JD 1750 6R-30 planter he sold on a farm foreclosure auction Monday in Casstown, OH. Despite the fact this was a small foreclosure auction featuring mostly average to rough condition equipment, still the strong buyer interest in the five year old six row planter.

It sold for $37,000, a new record high price by a whopping $9,000.

More solid proof of how values on nice condition used six row planters have exploded higher since last August. This trend jives with what I’ve been seeing on the auction front whenever smaller nice condition used combines, or corn heads show up for sale. What happens? They sell high.

So even as modern farming practices continue to push towards much larger, more computerized equipment…an odd and totally interesting trend pops up in the opposite direction: growing demand for good, used, older, smaller equipment.

The previous high auction sale price I had seen on a six-row JD 1750 planter was $28,000, on a February 9, 2008 farm auction in north-central Ohio. It had done less than 1,300 acres. Click on the link below to view all the JD 1750 Planters I’ve seen sold at auction over the last 13 years:

This Friday (April 20, 2012) I’ll have the film crew from our “Machinery Show” on RFD-TV on hand with me to film a nice farm estate auction in northwest Iowa, near Sanborn, IA. This auction features a couple of hot “smaller” capacity used equipment items, namely a 2003 JD 9450 combine with 1,769 engine hours and also a JD 494 4-row wide corn head.

Just three weeks ago I covered a nice farm retirement auction in northeast Iowa where a nice looking JD 494 corn head sold for $7,900, the highest auction sale price I’ve seen on a JD 494 corn head in over 9 years. That auction produced numerous new record high auction sale prices. Here’s a YouTube video I posted with sale highlights (JD 494 corn head shown at 7:00 mark of the video):

I mentioned values on good used 6-row planters have exploded higher. Here’s more proof: (3) JD 7200 6R-30’s sold for $20,000, $20,000 and $20,250 since August; numerous JD 7000 6R-30 planters selling at auction in the $7,000 - $9,800 range since late last year. And perhaps the topper, a White 6100 6R-30 sold on a March 17, 2012 farm auction in northeast Iowa for $20,500, a new record high auction sale price on a 6-row White 6100 by $9,000.

See what I mean?


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