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Low price's

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butugly

11-26-2000 14:44:38

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What happened to the price of John Deere tractors-They were selling quality tractors on Aumann's auction saturday and they went cheap-nice 620 $2300 nice G.M. and 720D both under $3000 and the prices went down from there.Are John Deere's loosing there value

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11-28-2000 19:34:56

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Re: low price's in reply to butugly, 11-26-2000 14:44:38

I saw there was a restored jd 530 at the aumann auction on sat. does anyone know what it sold for ?

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larry h

11-27-2000 16:31:48

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Re: low price's in reply to butugly, 11-26-2000 14:44:38

we are seeing huge drops in the price of deeres the popularity is leaving fast also with deeres new outlook on the price of parts etc you can see why ,i know of deeres for sale now that will lose 50% or more

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auction man

11-27-2000 09:59:19

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Re: low price's in reply to butugly, 11-26-2000 14:44:38

Did anybody even no about Aumann's auction on thanksgiving weekend

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G Taylor too old

11-26-2000 23:59:45

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Re: low price's in reply to butugly, 11-26-2000 14:44:38

The same reason why all those restored Ford model T,A's and even later 57 chevy's are rarely seen on the road anymore. And prices at estate sales are still falling. Demand for 63 to 74 auto restorations are currently up. Price a 1970 Volkswagon recently? The average collector is a middle aged or later male getting nostalgic about his youth and what was the dream machine he used to have or wished he had between ages 15 to 30. A second smaller group of collectors are those who purchase what Dad or Grandpa used/owned. Collectors are mainly between ages 45 & 65 yrs with the essentials paid for & earnings are at their peak. However as with most people little has been invested for retirement. According to statistics from gov't, insurance and finacial service companies 95% of North Americans at age 65 are dead or broke. Retiring farmers sell and keep one tractor to take to town with them. One major reason why little Dubuque tractors hold their value well. Or their estate sale puts the whole collection on the block. If it wasn't for hobby farmers with off farm income, collecting would be bust. With fewer, larger modern farms and most farmer's offspring living & working in town, demand is down. And there is no place to store a collection in town.And no tax write off for farm use as a business expense. As it's been 40 years since the last North American two cylinder putted off the assembly line. Time has been kinder to the machines than us. The youngest typical collector is now 55 years old. Most people who wittnessed the introduction of the "New Generation" four & six cylinders are retired or "gone". Overall average life span is currently 68 years for a north American male. Several decades of limited health care, breathing dust,mold, assorted chemicals and stress from lack of appreciation/understanding from the urban public and gov't reduces the numbers further. Also explains the new demand for 10,20, & 30 series tractor collecting by new collectors and current farmers on a budget.

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Todd

11-26-2000 20:53:35

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Re: low price's in reply to butugly, 11-26-2000 14:44:38

I went Friday to an auction in Loogootee Indiana and a very good looking 60 standard and a decent 1945 AW went for around $1500. Who knows? IH, Oliver, and Case tractors brought well.

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gary

11-26-2000 20:01:01

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Re: low price's in reply to butugly, 11-26-2000 14:44:38

Could you tell us what part of the country you are from? That seems to make quite a difference. Here in southeastern PA we really aren't seeing that. But there again, the prices of the older tractors here seem to be driven more by collectors than farmers. Occasionally, at auctions, you can buy a decent tractor at a good price, but not on a regular basis. I've seen some real junk go for quite a bit of money at small local auctions.
I agree with others though, that the economy isn't as rosy as a lot of people would like us to think. Either that or it is not "trickling down" all the way to my level!
I don't know if this shed any light on the subject, but it was fun to have my say!

Gary

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Alvin

11-26-2000 19:14:20

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Re: low price's in reply to butugly, 11-26-2000 14:44:38

I know this isn't JD but I went to a local Goodyear dealer, wanted prices on a couple of tractor tires and car tires also.Told me he doesn't deal in tractor tires anymore, couldn't afford to lose a couple grand a month on non-payment,so he started to figure a price for car tires, I told him to shove it, I'll go get them where I can buy tractor tires.Alvin

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Ray

11-26-2000 16:15:28

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Re: low price's in reply to butugly, 11-26-2000 14:44:38

I don't think the moneys out there.They talk
about how good the economy but i don't see it.
Business's are making money laying people off
and cutting back services,which makes there bottom
line look good.Local equipment dealers have no
used inventory and look like company stores.
Leasing has got rid of a lot of retail customers,
but deere likes this because financing is more
profitable than cash sales.This cuts into a dealers proifits very fast.Farm sales are still
holding up very well in my area,but a lot of farmers have off farm jobs.

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Frank

11-26-2000 18:39:36

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Re: Re: low price's in reply to Ray, 11-26-2000 16:15:28

I'm a former JD parts man. I got the axe when business slowed down, right after corn harvest.

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Mike

11-26-2000 16:19:27

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Re: Re: low price's in reply to Ray, 11-26-2000 16:15:28

DITTO!!!!! My farm tire service is looking to be off by 40-50000$ this year and I blame it mainly the low price of milk. There just ain't no money out there!!!!!

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11-26-2000 16:14:03

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Re: low price's in reply to butugly, 11-26-2000 14:44:38

I hope so, maybe I can afford some more. I bet the parts are not getting any cheaper.

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Clyde Scott

11-27-2000 18:50:45

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Re: Re: low price's in reply to JR, 11-26-2000 16:14:03

I'v spent the weekend looking for a pair of outer felt retainers for a model B.. Found three sets.. One for $45.00 each.. Dennis Polk wanted $65.00 a each and another dealer, which I bought from wanted $20.00 for the pair.. I'm thinking Polk is trying to screw us..!! BEWARE..

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dean

11-28-2000 07:57:13

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Re: Re: Re: low price's in reply to Clyde Scott, 11-27-2000 18:50:45

It seems that everytime the work Polk comes up on this board it is followed by the words screwing us.

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brian

11-28-2000 21:07:25

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Re: Re: Re: Re: low price's in reply to dean, 11-28-2000 07:57:13

polk and denglers will both screw you. you arent rich enough to buy their parts!!!!

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G Taylor how does Polk stay in business?

11-29-2000 17:20:11

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Re: Re: Re: Re: Re: low price's in reply to brian, 11-28-2000 21:07:25

If Polk really is Satan's greedy crooked brotherinlaw as per some of these posts. How does he (Polk) stay in business?

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dean

12-01-2000 08:52:02

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Re: Re: Re: Re: Re: Re: low price's in reply to G Taylor how does Polk stay in business?, 11-29-2000 17:20:11

TOO MANY PEOPLE WITH MORE MONEY THAN BRAINS GET PARTS FROM HIM.

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G Taylor boo hoo

12-01-2000 08:59:31

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Re: Re: Re: Re: Re: Re: Re: low price's in reply to dean, 12-01-2000 08:52:02

1st of all you printed in all capitals which is rude by "shouting". The market will bear the going price via supply & demand. Can't afford the price? Make more money, do something else or take up another hobby. This is America where people still risk death just to get here and have a chance for semi-freedom and to make a comfortable income.

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dean

12-01-2000 11:31:39

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Re: Re: Re: Re: Re: Re: Re: Re: low price's in reply to G Taylor boo hoo, 12-01-2000 08:59:31

What you said makes as much sense as this Florida deal. You're saying if I can't scrape up the funds from my janitorial job to afford to restore my GP I should take up collecting tea pots ??

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G Taylor can if you want

12-01-2000 12:20:29

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Re: Re: Re: Re: Re: Re: Re: Re: Re: low price's in reply to dean, 12-01-2000 11:31:39

Yes. Take up a cheaper hobby or take advantage of what this Nation has to offer. History is full of rags to riches examples of people who worked hard & smart and succeded. Also full of examples with people having wealth,oportunity,talent & ability dying in the gutter. They used the $10.00 and hour parts of the body from the neck down. You have to use the equipment from the neck up. If you set your sights low and figure you can not succeed I gaurentee you will achieve exactly that. Working for someone,a company or self employed may even make a comfortable wage but to become wealthy and free you have have assets that pay you. A business, investments, property etc. Educate your self from people who have what you want. They are proven performers. Many teachers have the theory but no personal success to give the facts "value" Many wise successful people wish they could have an apprentice who isn't expecting to a free ride and be taken care of. An "apprentice" who will work & learn under their guidance. Efficient too. Imagine learning a lifetime of wisdom without having to make the mistakes. Many major successes actualy went broke a time or two but they always got up & tried again when down. Are you a whinner or winner? Old John Deere himself didn't have it easy. Study what he went through & the obstacles, he worked hard & smart to overcome. He mostly had guts and a dream to succede . You are a healthy capable American in the "land of plenty". You can pay cash for every model of two cylinder and 10,20 series if you realy want it. Then putt around & park them in a heated air conditioned shop on your rural estate.

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Jerryd

12-02-2000 05:14:24

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Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: low price's in reply to G Taylor can if you want, 12-01-2000 12:20:29

sounds like a silver spoon feeds you.

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G Taylor you may not like the truth, no offence intended

12-02-2000 08:40:15

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Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: low price's in reply to Jerryd, 12-02-2000 05:14:24

Ah, the common cop out whine of those who fail to plan ahead,worked hard without working smart, are lazy or low have self esteem. They crave sypathy for their tough lot in life & how the weathly has ripped them off. You made your own bed lay in it. Or get up & do something about it. Have to move with the times. You maybe an expert in blacksmithing, candle making, harness making, vinyl records, tube electronics etc. Must be aware of the times, many are still hesitating about e-commerce for example right now. After a few more bumpy years & adjustment by scared or stubborn people the few remaining companies will reap great wealth. Our forefathers asked for better horses not tractors, electricity, tower silos,milking machines, verticaly integrated farming etc. When tractors etc where intoduced they where mostly met with resistance and with " I don't need it " and " it will never work" etc. John Deere could have given up on his steel plow as quality steel was too far away & too expensive. He could have just keep making a living hammering out horse shoes. What did he do instead? He did what the average person wouldn't, endured the extra effort & reaped the rewards. Started out with nothing & worked my way through school, worked two jobs,saved & invested. Didn't sit on my butt watching TV most evenings and weekends but did something productive,usualy worked or studied. Used the $$$ normaly spent in bars & cars etc as seed $$$ for investing in business that paid back. Example: you can eat that sack of wheat now or work,plant,wait & harvest much more later. Still have & job & building another business up. What do you want, what is the price, pay it & have the rewards. it's only time,work & thinking. Anyone who does not succeed in this Nation at heart did not want to: work hard,work smart,plan ahead, think, or believe they could succeed.

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