August and September 2017 were fairly bearish months in terms of farmer sentiment due to a couple of negative USDA crop report estimates.

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.

November is off to quite an interesting start. I saw some very strong auction prices during the first 10 days of the month. These strong auction sale prices don’t surprise me — even in this stubborn down ag economic cycle we’re stuck in. Why am I not surprised? Because it’s the same thing I’ve been seeing now for 6 years in a row now going back to 2010.

Good data can help you make better decisions for your business. This applies to the used equipment end of your business, of course. But how do you tend to use data to look at used values?