I’m sure too it’s no surprise to you hear me say that over nearly 3 decades tracking auction sale price data I’ve found “farm” auctions tend to produce the strongest sale prices. This makes sense.
Trends with used farm equipment values are always top of mind with me as I pour through the different types of data (auction price data, dealer listing price data, search traffic data) our Machinery Pete business churns out daily. There are two trends I want to pull forward and touch on here with you as the calendar flips to March 2017.
The auction price caught my eye as soon as I saw it: $39,000 for the 2013 John Deere 569 round baler on a Nov. 3, 2016, farm auction in central North Dakota.
In this On the Record podcast, we dive into some surprises in Machinery Pete’s fourth quarter Used Values Index, highlights from the Precision Farming Dealer Summit, why ag machinery stocks continue to rise despite the ag market and more improvement in producer sentiment.
John Deere and Case IH are dominant players in farm equipment, but it’s a big wide world out there, with every color of the rainbow equipment selling daily all across North America.
The On The Record newscast took the top spot this month, in which our editors settled some acquisition rumors surrounding Versatile, looked at the updated forecast for 2016 net cash farm income and net farm income, the challenges signal reliability pose toward the success of GPS and guidance systems, Deere’s 2016 fourth quarter results and Titan Machinery’s third quarter results for fiscal year 2017.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at President Trump's tariff reduction on ag equipment, the latest dealer sales forecasts, and how high input costs are keeping farmer sentiment down.
Since 1980, A&I Products has become a leading manufacturer and wholesale distributor of aftermarket replacement parts for the agricultural, turf, and industrial equipment markets. A&I Products' experience and expertise has greatly contributed to the company's reputation as a top supplier of quality, reasonably priced parts. Founded with roots as a small machine shop and repair facility, the company made the transition by manufacturing new parts to replace those that were identified as commonly needing repair. Throughout the 1980s, the company quickly garnered a reputation for offering quality parts at a reasonable price.
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