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Tractor Talk Discussion Forum

Tractor Prices

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Walter Squires

12-17-2004 12:44:02




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I remeber back in 1980 & 1981 I bought 2 new 4440 John Deeres, they were both equiped the same with Quad-Range tranmission, 11:00x16 front tires, 20.8x38 rear tires, two remotes, Sound-Gard body.
In 80 I gave $26,400 and 81 it was $26,900, now I would guess a new 130 HP tractor equiped the same would be $55,000 to $60,000,
It's still amazing how these old 4440's still bring $22,000 to $27,500 today in our part of the country (Southwest Missouri).
I wonder if the new tractors that we know today will hold their value like that or as a matter of fact, will they even be around 30 year from today?

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Puller504

12-17-2004 18:35:04




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 Re: Tractor Prices in reply to Walter Squires, 12-17-2004 12:44:02  
I gotta differ with you guys! Was raised on Farmalls/Internationals and now help out my friend, he bought a JD4040 new for $24,000 in 1978. He's got a Deere loader on the 4040. I hate having to shift down through the Quadrange gears to hit reverse! It's a straight throw on the Red Ones! Don



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thurlow

12-17-2004 17:09:26




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 Re: Tractor Prices in reply to Walter Squires, 12-17-2004 12:44:02  
My Dad bought his first 4020D in '65; don't know the exact price, but it was about $5500..... .takes a pretty ragged 4020 not to bring at least that much today..... ..



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kyhayman

12-17-2004 13:50:43




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 Re: Tractor Prices in reply to Walter Squires, 12-17-2004 12:44:02  
I seriously doubt we will see the newer tractors lasting as long as the older ones (with early 80's as the break). Tractor manufactorers discovered in the ag economy crash then that they needed to learn about engineered obsolesence from the car makers. If something lasts 'forever' you wont get to sell nearly as many of them. Good for them, their employees, and stock holders. Not so good for us.



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G/MAN

12-17-2004 13:28:17




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 Re: Tractor Prices in reply to Walter Squires, 12-17-2004 12:44:02  
My Grandpa bought a new '80 1086 in late '79 if I remember correctly, and I think he gave $24,000 cash outright for it. I believe he still has the paperwork around somewhere, as that and possibly a 350 were the only tractors he's ever bought brand new. He still has the 1086. It went 12,000+ hours without having the head lifted, and had rods and mains and a new damper at around 7500. He put a rebuilt engine in it three years ago or so. 3 or 4 T-As in it's life before getting the eliminator kit and being turned into a loader tractor for chores. He has since purchased a Deere 7210 MFWD w/740 loader for a chore tractor, so the old 1086 is pretty much retired. It's still pretty solid but needs a lot of TLC. It's not worth as much as a trade-in as it is to just have around for a spare, so I doubt he'll ever get rid of it.

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TP from Central PA

12-18-2004 18:05:47




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 Re: Tractor Prices in reply to G/MAN, 12-17-2004 13:28:17  
Hey G-Man, when he gives it to you let me have a good deal on it(Smile)..... ..... We were down at a dealership to the south of me and he said both Deere and IH's are holding their value quite well, for clean low hour units. He had a pair of 966's that looked new.

I'd hate to see what he'll get for them! It seems that green paint has actually become more reasonable lately, with red paint selling for way more than it did 7 years ago. I jumped ship and went to cheaper green paint that gets the job done for me(Smile).

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fixerupper

12-17-2004 19:49:09




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 Re: Tractor Prices in reply to G/MAN, 12-17-2004 13:28:17  
G/MAN, what"s the "eliminator kit"? My 1086 with 13000 hours is in the shop right now for it"s seventh T.A.. The last three have been the supposed "lifetime" 15 year ones, only they have dropped it back to 5 years now. I take very good care of this tractor, running it right (I think), changing oil at the right intervals. I don"t tuck it to bed at night, though. Maybe I should try that too!



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G/MAN

12-18-2004 07:42:07




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 Re: Tractor Prices in reply to fixerupper, 12-17-2004 19:49:09  
I'm a Deere mechanic and not that familiar with the mechanics of the thing, but it locks out or eliminates completely the T-A. Then you only have the high side and 8 speeds instead of 16.



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Indydirtfarmer

12-17-2004 12:58:43




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 Re: Tractor Prices in reply to Walter Squires, 12-17-2004 12:44:02  
I have an '81 4440 also. You have to consider that it is/was one of the all-time best tractors of it's day. They are still VERY much in demand. A typical 4840 sells for roughly the same price as the smaller 4440. I've tried to buy another 4440 in the last year or so. Just about impossible to find a bargain on one.

I'm not sure that todays tractors will be the good investment that the 4440 is. They will be VERY expensive to repair. Parts become obsolete so quickly on "modern" tractors.

I have a 2440, 4020, 4440, and a 4955. I'm shopping for a 4440 or a 4840 to complete my "stable". I should be able to farm for the rest of my years with that compliment of tractors. No need to complicate my life with equipment I can't work on.....John

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Walter Squires

12-17-2004 13:45:43




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 Re: Tractor Prices in reply to Indydirtfarmer, 12-17-2004 12:58:43  
Indydirtfarmer, Yes those were sure great driving tractors.
I farmed a lot with a good friend who had a 1086 IH, one day we were working ground together and he wanted to trade tractors for a while so came lunch time, we both pulled to the gate where the truck was he got out with a huge smile on his face and said lets go eat, I said where do you want to go eat, he said over at Strafford (where the JD dealer is) so we went to the Dairy Queen and after lunch he said go by the JD dealer lets see what he has on his lot, of course he always had a few 4040, 4240 and 4440 siting out front and my friend said he wanted to go in and pick-up some liturature on the the tractors he came back out and said "boy are they proud of those green tractors".
Well about 3:30 the JD dealer pulled up to the field in his truck and visited with my friend for about 20 minutes and left.
At the end of the day I asked him what the dealer wanted and he answered "he wants to sell me one of those over priced green tractors"
To make a long story short the next morning a brand new 4440 arived and off went the 1086 on the truck.
I said I thought you were a dyed in the wool red man, he said I was till I drove your 4440 for a half a day, I said I knew I was a green man after driving your 1086.

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Kansas

12-17-2004 16:21:50




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 Re: Tractor Prices in reply to Walter Squires, 12-17-2004 13:45:43  
Great story!!! I enjoyed it, I've driven both and I'd say I agree whole-heartedly with you guys, there just isn't any comparison, although I sure think a 1066 is a great tractor.



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txblu

12-18-2004 06:20:50




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 Re: Tractor Prices in reply to Kansas, 12-17-2004 16:21:50  
They still bring $25k in north Texas. Probably heard of the sale barn in Howe, Texas. Southwest Auction Co., Inc. Lots of tractors from the midwest come down here, (Hunted down like wild dogs by tractor grabbers from here. OTR truckers make regular runs up there to get them).

Now about cost. 1980 was 25 years ago. I just checked my Social Security pay summary for 1980 and 2003 and the difference is 3.4 to 1 for the doing the same job.

So at least 2.5 to 3 x of that was inflation so that $25k 4440 is now equivalently priced at $75k in today's dollars new. So if your new "electronic" tractor is only $55 to 60k I'd say you got yourself a deal.

Watched a local hayin with his electronic tractor and new baler. Never looked back. Was running about 20 mph (clocked him in my p/u driving down the road beside him). Started the roll, rolled it up and kicked it out and never looked back.....beautiful bale too.

Now iffin you can put 35,000 hours on a tractor (44XX) and have it look as good as I saw one look on "photo ads" speaks well of the machine's construction and engineering.

Around here all colors (dealerships) disappeared except blue and green. Look at the blue lot and it is mostly yellow. Look at the green lot and it is mostly green.

So that says that the big boys that know their stuff prefer green.

Now with all that said, since some members of this board don't want to sell their freshly restored 2440 (snicker snicker) do you know of anyone that has a 4440 they want to sell?

One last comment; on electronic tractors. I'd bet similar things are on auto's. Count the # of auto's and trucks, including the OTR trucks whose engines are now electronically controlled (millions) and all the annual miles driven, and think about the last time you saw ONE dead on the side of the road. Nuf said.

Mark

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Kansas

12-18-2004 17:00:52




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 Re: Tractor Prices in reply to txblu, 12-18-2004 06:20:50  
You're exactly right, things have really changed and improved. The thing that comes to my mind is like a car or pickup---go out in the morning and turn the key on, turns over a few times and its running--I have vivid memories of sticking a screw driver or a stick in the carb. to hold the butterfly open!!! I think the big thing is (was) that we (me in particular) talked ourselves into being afraid of the new technology and didn't learn right along with it. I personally have been on a crusade to get up to speed, I've got a code reader and my trusty volt ohm meter and I've got over my fears somewhat. I'd really like to have a Snap On Scanner, but can't justify the cost. At any rate, I'm with you, I'd love to have a brand new Jonny Popper (a 6400 would be "new" to me"), so if any of you all have any pull with Santa, be sure and tell him what I want. Merry Christmas to you all.

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txblu

12-19-2004 05:36:59




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 Re: Tractor Prices in reply to Kansas, 12-18-2004 17:00:52  
Bro you hit it on the "rich mixture" in the cold mornings. I live in Texas. Can't emagine what kind of problems you guys or folks farther north had.

GM Quadrajet in particular. Man the black (over rich with fuel) exhaust those things belched out in the am, not to count the screaming rpm's cause the fast idle was trying to keep the thing running. Get behind one going down the road and couldn't breathe.

Love that electronic FI.

Mark

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RustyFarmall

12-17-2004 13:36:15




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 Re: Tractor Prices in reply to Indydirtfarmer, 12-17-2004 12:58:43  
I think maybe the "KEY" issue here is just what has been said, the ability for the typical owner to perform most of the maintenance and repairs themselves. With the constantly changing electronics and computerized controls on most of the newer equipment, you have no choice but to call on the service tech to perform the repairs. As the tractor ages and the hours mount up, the frequency of needed repairs will increase, and finally the cost will cause you to just get rid of it. So probably we will not see todays tractors still in operation 30 to 40 years from now.

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TomR Ont.

12-17-2004 23:09:11




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 Re: Tractor Prices in reply to RustyFarmall, 12-17-2004 13:36:15  
RustyFarmall you are right but maybe like cars you'll only get 5 to 10 years before the become too expensive to repair. With all the electronics and sensors they put on them now. I just read an article that said, the new electronic keys can cost $75.00 to $300.00 and in some cases you will have to tow it to a dealer, for sure if you put the wrong key in and it trips the anti-theft mech., lets not forget if you loose one of those push button door openers, they are keyed to the computer, big bucks. The way they change parts from year to year, will some parts be avalible. I've heard from car mechanics there are as many as 4 altenaters in one model year, use the wrong one and you blow the computer. I think tractors will go like the car, made cheaper and more expensive to fix. Just a note I remember a push rod fuel pump on my '49, 53, 54 fords in the late '50s cost less than $10.00 took longer to find the wrenches than change one, my wife got caught 150 miles out of town yesterday and it was just over $400.00 with our mafia tax of 15%, I know it's electronic and in the gas tank.... Progress? - Not.

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