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Tractor Talk Discussion Forum

Are Tractors Getting Stale??

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Crooked Furrow

09-29-2005 05:25:55




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Just a thought that I and a few others have been noticing around here in northern Illinois. At the last few auctions, tractor prices don't seem to be what they used to be anymore, most(common tractors) just under or around a $1000 for a running condition tractor. 2 years ago you could have doubled that price and not been able to purchase anything. Now I am not saying that this is always the case, but it is starting to seem that way. It seems that wherever you go now there are tractors-parades, fall festivals, community events, car shows, fairs, etc. Are people getting kind of tired of seeing tractors? The rare ones still gain an interest, but how many Farmall M's or John Deere B's can you look at through out a day without getting sick! Just would like to hear from other areas and see if this the case for you. THANKS!!

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Redd

09-29-2005 18:41:06




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 Re: Are Tractors Getting Stale?? in reply to Crooked Furrow In IL, 09-29-2005 05:25:55  
Here in Mich I think the prices are still climbing. I see moreof the Yuppies guys with good jobs now, that want a tractor like grampa's and are willing to pay wahtever it takes. 25 yrs ago every guy with a 2 acre lot wanted an 8n ford. Now the houses have 3,500 sq ft and ten acre "lawns" and an 8n is too embarrassing so they all buy new Kubotas. Then they get that one like gramps. A lot of the big collectors have unlimited disposable income and are buying no matter what the price. I don't think the fuel price is slowing the price up much at all.

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OK-AL

09-29-2005 18:25:30




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 Re: Are Tractors Getting Stale?? in reply to Crooked Furrow In IL, 09-29-2005 05:25:55  
It doesn't seem to matter when I buy or sell. Prices are always way too high when I want to buy and way, way too low when I want to sell. Ha-ha.

OK-AL



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Glen in TX

09-29-2005 12:20:20




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 Re: Are Tractors Getting Stale?? in reply to Crooked Furrow In IL, 09-29-2005 05:25:55  
Fuel prices and the economy of everything increasing in price has taken a dip out of everyones spending money for such things no matter what the experts in media try to tell you. Agriculture is always hurting someplace and those collectors aren't buying as many now either. Like others said those not raised on farms or with little or no ag background aren't that interested in collecting them unless it's like a rare one for investment.

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Tony C.

09-29-2005 16:02:43




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 Re: Are Tractors Getting Stale?? in reply to Glen in TX, 09-29-2005 12:20:20  
I agree that there is a limited audience for old tractors. If a person is not buying something to use it for work, then they will look to buy something that reminds them of their youth, like a car or truck they couldn't afford or had to get rid of for one reason or another way back when. That is why different cars and trucks increase in value; for a while it was baby boomers buying, now gen-xer's etc. The population of people with rural farm roots is decreasing.

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buickanddeere

09-29-2005 10:00:02




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 Re: Are Tractors Getting Stale??.yes in reply to Crooked Furrow In IL, 09-29-2005 05:25:55  
The ecomony is slowing down and fuel prices are only going to go up. Most collectors alreay have most of the tractors they want. In fact most are getting elderly and they are selling most or all of thier collections. The generations comming on now in the prime 35 to 60 year old bracket. Even fewer were farm raised or had any farm connections. They are collecting items that were new in the 1955 to 1980's. Such as Honda 50 mini bikes, old snowmobiles, 1960/70's trucks etc.

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Dave Grindle

09-29-2005 09:18:21




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 Re: Are Tractors Getting Stale?? in reply to Crooked Furrow In IL, 09-29-2005 05:25:55  
Actually , i've noticed just the opposite ! i buy the old farmalls & fix em up - some for my own personal collection as an investment & hobby , and some to fix up & re-sell . been doing this for several years & i've never seen demand / prices so wild..... i do however buy & sell nationwide , which eliminates any isolated "pockets" where a "poor" sale might be , but (other than consighnment sales) i've yet to hear of a poor auction anywhere (i'm talking dispersalls with GOOD tractors).....the rough &/or average stuff has never sold all that great anywhere since i've been at it (6 or 7 years) the other thing i've noticed over the years is that tractors are no different than any other "commodity" - they always cycle "up & down" with the season , economic concerns , etc ..... especially from "model to model" more so than "all tractors" (last year W's were "HOT" - this year it's row crops)..... . after 9-11 you could'nt pay someone to take home a collector tractor , but a few weeks later everything was stronger than ever & never slowed down .... in the red , the smta's sh's , 350 & 450's have never been this "hot" - the more average W's seem to be getting soft , m's & h's have never been great but are still worth double of 5 years ago - & the "little guys" are always "up & down" .....& just try & find / buy a high crop or orchard -at any price ! ( an average (not very rare) O4 sold on e-bay this summer for $16,000 & a (rare)JD high crop went for $104,000 at a consighnment sale on labor day in ind. !) the other thing i've REALLY noticed recently is the amount of "new collectors" that have been jumpimg in - most with lotsa $$$ & wanting lotsa (GOOD) tractors ..... and they don't buy the "average" stuff i think what you'r noticeing is seasonal (harvest , hurricanes , high fuel)- & you'r at auctions that are only attracting the "locals , dealers & jockies" ....if they'r going to drag a tractor home & tune it up / service & check it over for resale at $1500 - they can't pay over a $1000 for it .....but get 2 "collectors" at the sale wanting the same $1000 tractor & it'll bring $2500 !

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JD 5020 guy

09-29-2005 09:08:05




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 Re: Are Tractors Getting Stale?? in reply to Crooked Furrow In IL, 09-29-2005 05:25:55  
Thats good then. Maybe some of us can afford these tractors now.



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Dave in GA

09-29-2005 08:27:01




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 Re: Are Tractors Getting Stale?? in reply to Crooked Furrow In IL, 09-29-2005 05:25:55  
I think that a lot of people are in shock over the high gas prices right now and are cutting back on purchases and travel. It's affecting the entire economy. Here in Georgia, gas has gone up 30-40 cents this week and is expected to rise another 10-25 cents in another week or two. It's changed a lot of people's priorities. People aren't taking trips and purchases unless they are absolutely necessary. I can see how that would affect tractor auctions, sales, shows, etc.

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sammy the RED

09-29-2005 08:14:57




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 Re: Are Tractors Getting Stale?? in reply to Crooked Furrow In IL, 09-29-2005 05:25:55  
Gasoline price.

Home heating cost will be up 45%-75% this winter.

Job's went to China and Mexico.

By now everybody and their brother has a old tractor.



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wolfman

09-29-2005 07:54:39




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 Re: Are Tractors Getting Stale?? in reply to Crooked Furrow In IL, 09-29-2005 05:25:55  
Gas prices have killed the big gas tractor market; plus the market is flooded with them. Saw a nice 4020 gas go for $2300. Good 706's $1800-$2100. Good looking 1850 Oliver &2100. These all had excellent tires & equipment-proper hitches, fenders, paint, etc. I skipped three pulling contests & a tractor show that I normally attend each year just to save fuel. Also have four gas tractors that didn't get used much at all this summer. Just seemed to jump on a diesel. Of course that fuel is high, too.

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Coloken

09-29-2005 07:48:11




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 Re: Are Tractors Getting Stale?? in reply to Crooked Furrow In IL, 09-29-2005 05:25:55  
I think that there are just a lot more of them than anyone, including me, was aware of. Colector Tractors like old JDs, Farmalls etc. Even the old, old Fords are down. But bring out any kind of utility tractor and start it at 4000. Western Kansas, Eastern Colorado wheatland tractors are the bargains.
Kennyp



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Leland

09-29-2005 07:23:49




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 Re: Are Tractors Getting Stale?? in reply to Crooked Furrow In IL, 09-29-2005 05:25:55  
I belive this is due to the fact that the hobbie farmer and yuppies have stopped paying those out ragous prices there for a while they would run the bids out of site but I belive they have wised up and realised they were screwing there selves .



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LeJo

09-29-2005 06:43:58




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 Re: Are Tractors Getting Stale?? in reply to Crooked Furrow In IL, 09-29-2005 05:25:55  
Remember here in Illinois weather (drouth) has taken its toll . Soybeans , some are at 11 bu. per A. Corn 127 A. would not fill a semi. Also going through some of these prices listed for sale on this page are WAY OVER priced. Or the people who are listing really don't want to sell there items. That is my opinion.



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dej(JED)

09-29-2005 06:38:32




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 Re: Are Tractors Getting Stale?? in reply to Crooked Furrow In IL, 09-29-2005 05:25:55  
Crooked---- is right on the mark. Here in Western Pa. it is the same deal. People don't have the money and if they can't get it on credit, they don't buy. That in conjunction with the inactivity of the younger guys today. They are into video games and the net stuff. Old tractors are only of interest to a few. Sell what you have because their won't be a good market again. As history says change is a constant.

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MSM

09-29-2005 06:38:13




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 Re: Are Tractors Getting Stale?? in reply to Crooked Furrow In IL, 09-29-2005 05:25:55  
I think the economy has alot to do with it.A couple of shows near me in Md had a much lower turn out than in past years,less tractors,venders sales were way off,not as many people walking around. The money isn't there to spend. Another thing, at least in my area,the majority of tractor buyers want hydro trans,power steering,live pto,etc,and before they spend $2-5000 on an older tractor,they will plunk down the minimum down payment and go to Deere or Kubota and get one with all the bells and whistles and make payments for 4-5 years.

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BobMo

09-29-2005 06:31:50




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 Re: Are Tractors Getting Stale?? in reply to Crooked Furrow In IL, 09-29-2005 05:25:55  
I looked at a 48 "M" with new paint 1 owner. The sheet metal was excellent and no smoke. Appeared to be original tires on the rear. The guy was asking 2000 and I considered buying it just to have around but, to really make any money now farming Dave is correct. If your broke down all the time or you don't have live pto or enough hydraulics I don't care what my grandfather did I'm working for me. I can remember setting on that JD B 12 or 14 hrs a day (far from the house or help) hoping I didn't kill it and having to make sure I didn't run out of fuel (having to lift a 10 gallon cream can of fuel up to the seat because I wasn't tall enough) because I couldn't crank it when I was 12 years old and I don't want to do it again, but its nice to have one setting in the yard...

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pcy1066

09-29-2005 06:29:07




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 Re: Are Tractors Getting Stale?? in reply to Crooked Furrow In IL, 09-29-2005 05:25:55  
at london ohio yesterday tri greens it seemed severial tractors seemed cheap
656 gas wf fh 1850
706 gas new overhaul 38 inch rears dbl pto flattop fenders 45 jd loader with balespear 2750
4010 gas nf strait 2300
70 jd 2 poper strait power steering 2000
235 massy dsl 4200
1086 needed tires 5250
several 50 -70 hp gas tractors less than 2500
i bought the 706 with loader

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wolfman

09-29-2005 07:43:31




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 Re: Are Tractors Getting Stale?? in reply to pcy1066, 09-29-2005 06:29:07  
Loader have hydraulic tilt? Is it for re-sale? Neighbor is looking for an older loader tractor.



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pcy1066

09-29-2005 11:12:42




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 Re: Are Tractors Getting Stale?? in reply to wolfman, 09-29-2005 07:43:31  
yes i bought it to resale, motor was overhauled this summer, new clutch, they had the crank turned, hy tilt all i got with it was bale spear, we used it moving casr wheels and tires, real good tractor i advertised it for 3500 sombody come along with 3050 it would b theres 937-544-3727 pcy1066@hotmail.com



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Butch(OH)

09-29-2005 06:24:41




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 Re: Are Tractors Getting Stale?? in reply to Crooked Furrow In IL, 09-29-2005 05:25:55  
Around here prices on the commonly found 30s-50s tractors are coming down just a tad. Peoples wallets empty, interest waining or market saturation? I cant say. Implements seem to be selling higher, especialy drag type plows. The higher end pre 30s, rare etc tractor prices are steady to very slightly higher. All this based upon local auction prices and known private sales, not to be confused with asking prices. Show attendance here is either steady or way down. Shows thar keep interest up do it with demonstrations, field work and new events. The old shine 'em up and line 'em up shows that are more like car shows are attended mostly by the participants only and fading fast. As you said, how many pristene tractors in a row can remain interesting to spectators when there now is a show every week from snow melt to snow fall?

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Coldiron

09-29-2005 06:11:25




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 Re: Are Tractors Getting Stale?? in reply to Crooked Furrow In IL, 09-29-2005 05:25:55  
I think a lot of it has to do with local economy. Also it could be how the rising fuel cost has affected areas that have a higher credit debt into more conservative spending. The uncertainty of how the fuel cost are going to affect the cost of living has slowed the economy a lot in some areas.



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wayne2

09-29-2005 05:58:59




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 Re: Are Tractors Getting Stale?? in reply to Crooked Furrow In IL, 09-29-2005 05:25:55  
Here in NE WASH. Tractors are running higher then W Wash. (more asphalt being laid there)(Seattle-Bellingham) People in this neck of woods still can and put up thier own food!!!(I'm gona learn) Profound!! Wayne



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thejdman01

09-29-2005 05:57:44




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 Re: Are Tractors Getting Stale?? in reply to Crooked Furrow In IL, 09-29-2005 05:25:55  
hey where are you in no il? im in garden prairie east of belvidere and rockford. are you going to the auction in rochelle this weekend. supposed to have a john deere r and 820 i want to see sell i know i cant afford but would like to go see.



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dave from MN

09-29-2005 05:50:46




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 Re: Are Tractors Getting Stale?? in reply to Crooked Furrow In IL, 09-29-2005 05:25:55  
In central MN most tractors are holding pretty well. Any IH or JD over 70 HP are getting at least $5000 regarless of the year. JD 730 deisels seem to be selling between $7000-$10000. Father in law borrowd his trailer to a guy that bought a SMTA for $4000 yesterday. Anythingf in a dealer lot seems to be way up there. I do think as the market for small implements that require live hyd and pto and 3 pt continues to grow, older tractors will fade out as a hobby tractor. There is a guy a few miles from me that buys every farmall H-450 he can get his hands on. He throws on a cheap ,almost burgandy,paint, a loader, chains and some weights. He sells them around the tri state area like hot cakes. He must have over 30 of them right now. He does part out an awful lots of h's though.

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Steve_ne

09-29-2005 05:45:27




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 Re: Are Tractors Getting Stale?? in reply to Crooked Furrow In IL, 09-29-2005 05:25:55  
I think that its all about ones perspective. If your buying something it always seems like you just cann't find the right deal or its just a little to high. Not looking for one then everything seems to go way to low. Murphy's law or something like that. The best thing for you to do is buy them all now and sort them out later.



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wayne2

09-29-2005 05:53:41




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 Re: Are Tractors Getting Stale?? in reply to Steve_ne, 09-29-2005 05:45:27  
We did the same thing inb Viet Nam!!



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