To say this has been a challenging year would be a gross understatement. In areas of the Corn Belt, the growing season was cursed with too much rain and now not enough.
Data points to large farms getting bigger and the number of "hobby farms" or rural lifestyle property owners growing in number, not size. So this leaves the producer in the middle.
Earlier this year I wrote an article titled “The Hangover.” The article talks about the amount of used equipment on the market from Model Years 2010-14.
I wish I was writing about a wild weekend in Las Vegas, waking up with a Tiger in my room and having to explain to Mike Tyson how we got it, but I’m not. The hangover I am referring to is not the hit movie, rather the glut of 2012-14 used equipment on the market, more specifically combines.
Ask the Expert columnist Casey Seymour answers a reader inquiry regarding average auction prices compared to average dealer advertised price, with a look ahead at his anticipation for the next 5-7 years.
I have been working with used equipment for 12 years. During that time, I've considered many different ways to value equipment. I have looked at building calculators based on dealer price and then assumed an average sale price.
In most cases off-color equipment is more difficult to get top dollar for. That being said, it really depends on that color’s dealer network in your immediate area.
Executive editor Kim Schmidt checking in from Farm Equipment headquarters with an update on 2025 Dealership Minds Summit set for July 29-30 in Iowa City.
The program is out. Check it out at DealershipMindsSummit.com.
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