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Discussion Forum
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Re: A word about tractor values

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JMS/MN

04-28-2002 18:07:57




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I fully agree with Steve- too many times tractors go for ridiculous prices- I don't like going to weekend auctions because the folks coming out from the cities, looking for some nostalgia tractor, having a fat checkbook, simply can outbid those of us who stayed in the country, worked the land, and are looking for these tractors and machines to continue our farming operations. They have no idea of the true value of the tractor but have some pastoral remembrances of visits to Grandpa's farm and want a piece to remember. Oftentimes they buy what they know absolutely nothing about. I prefer weekday auctions, where my competition is my fellow real farmer. That's what establishes true value.

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Hal

04-29-2002 17:48:10




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 Re: Re: A word about tractor values in reply to JMS/MN, 04-28-2002 18:07:57  
I too would prefer weekday auctions. However it is a fact of life that most farm auctions are on weekends; if you limit yourself to weekdays you will miss some good sales. I have found that the best way to learn the value of auction tractors and equipment is to keep attending a lot of auctions, both locally and in nearby states. Just keep going, whether you buy or not. Not only will you have a better idea of values but you are more likely to come upon the occassional good buy, even the dealers know this. But attending auctions costs; it costs you time, money for travel etc, but can be entertainment for some as well. Personally I feel that if you looking for used equipment that you are actually going to put to use, then farm auctions (not consignment sales), are the only way to go.

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JHunt

04-28-2002 22:17:23




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 Re: Re: A word about tractor values in reply to JMS/MN, 04-28-2002 18:07:57  
I think you are focusing on the wrong part of this problem, which is a lack of common sense by this fellow. If someone here said that a certain tractor was worth $XXXX dollars period, regardless of shape I would agree with you. I have yet to see this here or anywhere else for that matter. Even if someone just posted "up to $XXXX" that would imply to anyone with the intelligence of a house fly that that would be for an exceptional example of that tractor and that a junk version of the same tractor would be a whole lot less. A good exaple is a guy I know who fancies himself to be quite the old car buff. He considers the values in the Old Car Price Guide as if they were carved on a stone tablet in Moses' back pocket when he came down from the mountain. To him, if a car is deemed to be in #3 condition, it is worth exactly what it says in that book, not a penny more, not a penny less. There can be alot of variation of what #3 would be ie. some piece of junk dolled up to #3 condition, or a solid unrestored car that needs substantial work to be a great car. To me, the second car is worth alot more, but to him they are exactly the same. This is how folks who lack common sense get themselves into trouble. Usually, except in this very unusual case or if you want something these guys are bidding on pretty bad, you can get a good laugh out of it at their expense. I certainly feel for the guy that had to shell out the big price for his father's tractor and it isn't a position I would want to be in under the best circumstances, but he is more a victim of lack of common sense rather than anything that was read on this or the other board. There is alot of this stuff that happens at auctions and usually the internet isn't involved at all. Usually a lack of self control or ignorance is all it takes.

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Steve (WI)

04-29-2002 05:26:32




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 Re: Re: Re: A word about tractor values in reply to JHunt, 04-28-2002 22:17:23  
JHunt,

I somewhat have to agree with you but let's not forget about regional factors and pricing. And using the example of your friend...As he apparently comes off as an expert on old car pricing it is easy to see how his pricing suggestions can breed ignorance in the uninformed. That is why I suggested using caution in valuations.

Im not trying to start an arguement nor am I picking on Ron for his 4-26 post...but read Rons response to a pricing question...wide open for misunderstanding...Agree?

There is nothing anyone can do about an individuals lack of common sense and folks will continue to get "burned" at auctions and sales regardless of what I say or do. I never suggested not helping out with values...just be carefull in doing so.

Steve

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JHunt

04-29-2002 21:51:39




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 Re: Re: Re: Re: A word about tractor values in reply to Steve (WI), 04-29-2002 05:26:32  
Forgetting about the regional factors, condition of tractor, etc. is exactly what I am calling a lack of common sense on the part of the person asking. In posts I have read when someone asks about values, someone almost always suggests that these factors are something to think about, anyway. I don't think you can ask for much more than that. I think this situation is more of an abberation than an everyday occurance. Like I said in the the post above, it just as easily could have went the other way, preventing somone from running up the bid. It would be my guess that it would be more likely to go that way. I never read Ron's original post, and seeing what he posted above, I don't think he'd like my opinion on it no matter what it was.

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Bryan Smith

04-29-2002 06:00:27




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 Re: Re: Re: Re: A word about tractor values in reply to Steve (WI), 04-29-2002 05:26:32  
Jhunt is right on the money. Common sense has to come in somewhere. Quite honestly, if that had been my Grandad's WD I wouldn't be moaning over $1600, even though WDs sell for $800 to $1200 around here in SC. I'd be glad that I was able to buy the tractor at $1600 for the value to me would be priceless. Just wish I could find My Grandad's WC, WD, WD45 or D17 now ...! We can give representative samples of values in our area (as I did above) and it's up to the end user to figure out what it's worth to him/her. That fellow in California that bought the wide front end CA for $25,000.00 (represented at an antique auto auction as rare and possibly the last one in existence) - now if I had done that I wouldn't be happy ....! Again, it was his decision and ultimately his responsibility to find out something about what he was bidding on.

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Steve (WI)

04-29-2002 07:58:15




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 Re: Re: Re: Re: Re: A word about tractor values in reply to Bryan Smith, 04-29-2002 06:00:27  
This is probably the last thing I'm going to say on this subject for it is up to the individuals conscience. Brian, the $800+ this man had to pay might not mean that much to someone with the extra money, but as you can safely assume, $800 goes a long way in helping a small farm stay afloat. (These "poor" folks are milking 50 head and are seriously struggeling not to lose the family farm. Competing with the huge corporate farms is nearly impossable for thier goal is to run the small to mid-level farmer out of business. As you probably know they have been quite sucessfull...Wisconsin has been losing an average of 3 family farms per DAY!)

The gentelman whom bid against the farmer thought he did find out something about what he was bidding on...HERE ON THIS SITE. Again, prices are largely regional and market driven. For example, my brother lives in S.E Michigan where WD's in good condition easily pull in over $2000. Here, I've never seen a WD go for over $1200 (great shape,excellent tires/rims)save once...Caused by our friend whom was innocently mis-led by a well-meaning individual probably living hundreds of miles away.

Steve

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Bryan Smith

04-29-2002 13:05:30




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 Re: Re: Re: Re: Re: Re: A word about tractor values in reply to Steve (WI), 04-29-2002 07:58:15  
This goes back to the original thought, Steve - if I were on the bare edge on finances in my business, regardless of how much I want the tractor, I won't buy it. It would be wonderful to have, but how much will it contribute to the farm? Or will it take $$ away from the farm in repairs and restoration? Sometimes missing one of these is a blessing in disguise.

I work with the Extension Service and know quite well the straights small farmers are in. I'm also a small farmer and have to operate it with my Dad part-time because of the current economic situation. I know he wanted the tractor, but life isn't fair (as I've found out many times).

I know you're incensed about this, but it was the guy's choice to buy the tractor. And if the other guy had been informed - by other folks at the auction - that family was involved he may have backed off sooner. Or may not.

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markp

04-30-2002 20:38:03




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 Re: Re: Re: Re: Re: Re: Re: A word about tractor values in reply to Bryan Smith, 04-29-2002 13:05:30  
I do agree with steve about the subject matter he proposed,however I believe that common sense should be used by the buyer of an old tractor. A seller is going to get as much as he can and if some city-slicker wants to pay double out of ignorance or stupidity it is his right. I am restoring a B currently not to farm with but to plant and maintain food plots for hunting season.I do however need a working tractor. I have come across two additional b's that I can scrap out for parts only one guy wants $900.00 and the other $250.00 the $900.00 tractor can continue to grow weeds through the engine block because no matter how much I want it I refuse to pay that much for junk.

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