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Used baler values falling

GREG PETERSON 05/25/2011 @ 3:58pm 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

512 pieces of equipment up for sale today (May 25th) on www.Bigiron.com's online auction. (6) of the first 85 items sold were round balers. Here's the scoop:

  • 2003 NH BR780, baler in WY, done 5,000 bales: $7,001
  • JD 567, baler in NE, twine only, done 26,600 bales: $7,500
  • JD 567, baler in NE, twine only, done 13,500 bales: $10,452
  • 2006 JD 567, baler in KS, done 9,847 bales, 1 owner: $15,002
  • 2008 JD 568, baler in NE: $18,501
  • 2008 JD 568, baler in NE: $22,500

Values on used round balers have fallen from a few years back. More available for sale, less buyer demand = softer used values. Take NH BR780's. Here's the breakdown from our "Calculator" pricing tool at www.Machinerypete.com:

NH BR780 Round Balers: Auction Values

  • Avg. auction price 2011: $7,761
  • Avg. auction price 2010: $9,153
  • Avg. auction price 2009: $10,744
  • Avg. auction price 2008: $14,350

So a 45.9% drop in value vs. three years ago. Pretty steep drop. Now compare those "hard cash" average auction sale price figures from the past three years to retail price values on NH BR780 round balers:

NH BR780 Round Balers: Dealer Prices

  • Avg. dealer advertised price 2011: $18,537
  • Avg. dealer advertised price 2010: $17,815
  • Avg. dealer advertised price 2009: $17,143
  • Avg. dealer advertised price 2008: $18,363

See the disconnect? Three years ago in 2008 NH BR780's sold at auction for 78.1% of the average dealer advertised price. So far this year? That ratio has dropped all the way down to 41.9%. Probably explains why I've been hearing things like a large dealer in eastern Iowa who a few months back just plain quit taking in round balers on trade.

Going beyond average prices, have a look for yourself at what NH BR780's sold for two or three years ago at auction vs. the (8) I've seen sold so far this year:

Here's a YouTtube video with highlights of a chilly, windy, rainy farm estate auction I shot last Thursday (May 19th) in south-central Nebraska that featured (2) 2007 model JD  568 round balers:

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

  • "Auction results" 270,971 sale price 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 Mfg's
  • "Classifieds" free place to list your used equipment for sale
  • Machinery Pete blog...see what Pete's yakking about
  • Machinery Pete's 2010 Auction Price Guide: $19.95, call 800-381-0423
  • Pete's new Facebook page
  • See the latest Agriculture.com columns from Pete

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