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CT Farm Auction brings good money!

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Scott

04-25-2004 21:29:39




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Went to a farm auction Sat. 4/24 down in Somers CT. Could not believe the money people were paying for tractors. Old tobacco / potatoe farm with (50+) old tractors: Farmal H's, SuperH's, C's, SuperC's, 656's, 826's, 706's, a 1256, 2 Massey 180's, a 175, a few 135's, a few newer Masseys, and many others. All the H's went for around $3000, most of the C's went for $1600 and up. The bigger diesel tractors and the newer Massey's went more reasonable (for what your getting), in the $4500 to $5500 range. All these tractors were original cond., all rusted, poorly running (the ones that did run), no fenders on all the C's, bad rubber, no batteries, etc. etc. etc. Good restore projects, but needing a lot of work and money. A little Kabota B7100 with 3300+ hrs. on it, not running, flat dry rotted tires, rusty: $2500. Could not believe what people were paying. I guess the demand here in New England is high. Someone actually gave up $175 for an old siezed up 3PH broadcast spreader! I thought I paid too much for my Massey 1130 (100% good working cond.) last year at $3500, but I bet it would have gone for $8000+ at this auction as it's in far better shape than anything there. I guess people from CT have too much money! Felt badly for any poor old farmers that were there trying to pick up some needed equipment having to compete with "hobbiests". I'm not a farmer, but I feel their pain. We'd go hungry aweful quick if it weren't for them struggling to feed the country. Thought I'd pass it on.

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Matt

04-27-2004 08:02:06




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 Re: CT Farm Auction brings good money! in reply to Scott, 04-25-2004 21:29:39  
> Felt badly for any poor old farmers that were > there trying to pick up some needed equipment > having to compete with "hobbiests".

There's poor, old farmers left in Southern New England???

Land is now going for houselots at about $30,000 + $5,000 per acre -- i.e. $40,000 for a 2 acre lot. That's average, run of the mill property that's neither next to a industrial landfill or has spectacular views. Of course I've never figured out the people who want to buy the nice McMansion across the street from the scenic dairy farm (wait till the first time their manure lagoon turns over in fall...)

Farmers who want equipment out here may poke their heads in on local auctions, but it's New York or especially Pennsylvania they go to.

Actually, unless the land is already in your family, it's usually to NY or PA they go and stay. Unless the State or someone else owns the development rights, land isn't affordable for farming unless you lease it.

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Wayne, PA

04-26-2004 15:38:54




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 Re: CT Farm Auction brings good money! in reply to Scott, 04-25-2004 21:29:39  
A couple of years ago, I made a visit to south Texas, and ran into a very valid 'country sayin': "You just can't fix STUPID"



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DuaneMN

04-26-2004 06:12:06




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 Re: CT Farm Auction brings good money! in reply to Scott, 04-25-2004 21:29:39  
The same is happening with farmland - we will soon be a nation of tennant farmers!!!!!



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Scott

04-26-2004 16:14:32




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 Re: Re: CT Farm Auction brings good money! in reply to DuaneMN, 04-26-2004 06:12:06  
I here ya on the farmland.. Too bad farmers have to sell out just to get out of the hole the government has put them in. Kind of like shooting themselves in the foot... But then what choice do they have? Thanks for the reply.



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steveormary

04-25-2004 21:41:04




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 Re: CT Farm Auction brings good money! in reply to Scott, 04-25-2004 21:29:39  
Scott;

Mabe it was the tax cuts. People had money burning holes in their pockets.

steve



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Scott

04-26-2004 16:17:00




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 Re: Re: CT Farm Auction brings good money! in reply to steveormary, 04-25-2004 21:41:04  
If it was the tax cut it sure is working!!!! Spend spend spend... Foolishly, too!!!!!
Thanks for the reply.



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