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Re: so much for cheap auction prices!


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Posted by oldtanker on November 01, 2015 at 01:07:01 from (64.118.3.19):

In Reply to: so much for cheap auction prices! posted by nick m on October 31, 2015 at 11:58:35:

Here tractors that are popular with the horse people and only the most popular older collector tractors are doing OK, Down a little from 6-7 years ago but not much. Larger tractors like the Farmall M and the early 60's to late 70's are going pretty cheap compared to 6-7 years ago. Here in this area were have BTO's running 150 plus HP tractors as chore tractors. I don't know anyone doing any field would with 40 year old tractors besides me. Saw a good running 706 Farmall, good tin, good rubber, Year a round cob with good glass, WFE that sold for 2800. Only thing really wrong that I could tell was it needed paint. Tractor jockey from about 90 miles east bought it. Same auction a similar condition 8N (think horse people) sold at 1800.

Basically it's location. Here and just west of me everyone is using 400 plus HP 4X4 tractors. Local family here is running 4 older Steiger Panther tractors. But they have the family manpower that they hire no outside help. Their small tractors are 185 PTO HP tractors. The small dairy in the area is 40 cows plus 150 head of beef and about 750 acres of owned crop land plus rental, then 80, then several 400 plus. I am or until this summer was the little guy. Some beef and about 120 tillable acres. Here smaller, less than 150 HP tractors just are not selling well unless they are really desirable as a collector until you get into the small, easy to trailer collectables. I know of 2 Farmalls, one M and one H, both about identical in setup, Add on live hydraulics, good rubber, the M had an after market PS unit, good tin and OK paint, both with Corn Husker 3 points and WFE's, both with loaders, mechanical trip on the H and all hydraulic on the M and both with tire chains, the M sold for 1500 and the H for 1200 in the last year. Too many of them in the area and too big for a lot of people to trailer. Literally the only thing either needed for full restoration was a good paint job.

So it's the area plus shipping that makes a difference. Right now smaller beef operations have been pulling in good money and are buying newer used equipment to offset taxes. The dairy guys were just about getting caught up when prices went down and the grain only guys just are not buying much if anything.

Rick


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