New Retail Price of 1971 766

A friend was discussing his grandpa's 766 diesel w/ TA and we were trying to figure out what he might have paid for it new. 34" tires. I said somewhere around 9,000 dollars. Am I close?

According to the Tractor Data web site, the price in 1976 was $13,400 so I would say you are a little low at $9000 for 1971.

Inflation was pretty bad from 1973 onward meaning large annual increases in price. Or look at it another way things from a few years prior cost considerably less. What
would you guess for 1971? I figures on a 766 that they went up by close to 1,000 dollars per year on average. Also, 34 inch tires should knock off another few hundred
versus coming with 38 inch.

It's crazy how fast prices increased back then. Tractordata showed a 706 listed for $6100 in 1967. It
doesn't give any specifics on how the tractor was equipped, such as gas or diesel, and a LOT of gas 706
with NFE around home back in the day. Will say there were way more 706/756's around than 806/856's 20
miles EAST of Rock Island, Illinois where they were all built. Several 706's but I can't think of a
single 806/856. But there were two 1206's.

We bought a new 766 in the spring of 1975 with cab, no A/C 34? tires for just under $15,000 cdn

A relative priced an 806 diesel NFE FH clam shell fenders 34" rear tires for 6,425 dollars delivered to the farm for early 1964. I've got a JD price book that shows a 1971 4000 diesel for around 9,400 dollars. I would put a 766 diesel on par with that around 9,000 dollars. I was pretty young at that point but the talk seemed to be that the off the lot price was usually 93-95 percent of list price. Anyways, what would you guess on the 766 as described?

OK, the exchange rate then was about dollar for dollar. Figure 2,300-2,400 for an IH cab would make it around 12,600 in 1975 for a fender tractor.

Dad gave 13000 to boot on a 574 in 73 I think for one equipped like you described. I am not sure if the 574 was on top of the 13 or part of and he has been gone since 2003 so I can't ask. It is still in the family and it has been one of the best we have owned.

August 15, 1971 Nixon imposed price and wage controls that indirectly knocked down commodity prices, so that was not a great year for farm income or machinery sales.

There was a period not too long before the end of the 66 series production that a dealer could not
get a guaranteed price. I remember we had a 1256 on the lot that went to at least two different
customers while they waited for their new 1566 and a 1466. The price went up a bunch on the 14, I
remember that.

Also remember the 1256 broke a rear axle right next to some nasty wet land and I had to go out there
, along with a helper to replace it. Helper drove the old M with a loader on it about 12 miles to
lift housing. Of course bride planks to support the jacks and stands. Fun, fun.

I have a 74 766 diesel narrow front that I got from the original owner. He had to order it to get a narrow front. He told me he paid $8000 and had to pay half when ordered to be sure he would take it.

i was curious what that translates into today s dollars. I found this online so who knows if it s accurate.

Adjusted for inflation, $10,000.00 in 1971 is equal to $63,123.87 in 2019.
Annual inflation over this period was 3.91%.

Neighbor Dad traded help with got the first side console 4020-D my local dealer got in. 10.00x16 frt tires on wife, 15.5x38 8 ply GY Power-Torque tires that ended up on our 4010 when he put Firestone Deep Treads on his 4020. Year-A-Round cab went on first winter, M&W turbo went on 2nd winter.
Was late Sept. or Oct. of '69 when he got it. Traded an Allis D-19 gas NFE in on it. Neighbor told Dad it cost him $9000 minus the D-19 in trade. Dad tells me one Saturday morning I'm supposed to go chop corn stalks on the end rows at the neighbors. I get there and this shiny new 4020 is hooked to a 6 ft Brillion rotary Bush hog. It was a set-up, Dad and neighbor trying to get me to stop bleeding IH 2150 Red. Didn't work. Following spring the BTO a mile south got a 4320 ROPS cab with heat & air, it had 3 hours on it when I went out to plow about 3:30-4:00 PM Friday after school. It had about 10 hours when I called it quits that night.

A 766 would have had WFE with 9.5Lx15 tires, 18.4x34 6-ply rears. T-A, single remote standard with a 2nd optional. 3-pt hitch, 540/1000 PTO. Clamshell fenders a low cost option and flat tops about double the cost. Things like NFE with 7.50x16's were a deduct option, lowered price but not standard. Same with T-A delete or PTO delete. A diesel 766 probably was real close to a $9000 tractor, a gas more like $8500 or a bit less. You could order things like 15.5x38 tires or 16.9x34 or 6.00x16 frts and shave a few more bucks off. I had access to a different side of the computer system at Farmall that gave me the actual order for each tractor from the dealer. If it was a specific order for a specific person most dealers listed the name and phone number on the order so they had everything on the order to contact the buyer that his tractor was built, or shipped, or on the lot. I thought that was kinda neat.

At one time, the Gold Dust Twins here in town was adding a 0 to the model. A 766 would be $7660, a 966 would be $9660, a 1066 would be $10660 and so on. That would be early on in production. Shortly after everything went nuts.

grandpa always said he paid around
$20000 in the fall of 1976 on a brand
new 1466 cab blackstripe, he said the
86 series were new and on the lot,so I
don't know if the 14 was discounted a
little or what..
Tractor is still in the family and I
think the only or last one he bought
brand new..
Tractor came from Hendricks truck and
tractor in Keosauqua iowa