Equipment prices

Anonymous-0 · Mar 4, 2009

Is it just me, or while stocks are plummenting equipment prices are holding steady or still up?
I was looking at equipment ads yesterday around here in NY a JD 336 small square baler $3995. JD346 small square $6900. I paid a $1000. for my 346 it needed work, but I fixed and now it works fine. Maybe I should sell it...lol Any way I cant believe the equipment is holding its value so well in this economy. Forget about tractors around here they seem really high. J

NY 986 · Mar 4, 2009

I think a lot of it is scarcity of good used iron. Guys I know that go out to the Midwest tell me the selection has become very poor.
Last I knew, production numbers for combines and over 100 hp tractors peaked in the late 1970's. Accordingly, you have fewer units turning up as trades, resales, auctions, etc.. Most farmers are running more hours on a unit. Getting hard to find tractors and combines that are 10 plus years old with under 3000hrs (tractors) and 1000 hrs (combines). With profits tightening back up, farmers will probably hold units longer. Still can find quality tillage tools as farmers go increasingly no-till. Conversely, no-till drills bring a premium (my dream still denied).
We are finding on our farm we are stretching lifetimes on equipment much longer than we originally anticipated. It helps if you can give yourself a 2 + year headstart to find a replacement if you don't need to commit your money elsewhere.

dhermesc · Mar 4, 2009

I agree. With fewer and fewer farmers (the US has a much larger PRISON population than it has farmer population) newer equipment becomes more scarce and expensive. Older equipment in working condition becomes more rare simply because it keeps getting older and getting more wear. The sky high price of scrap iron last year didn't help any either.

E.B. Haymakin' · Mar 4, 2009

I agree prices are high on all equipment new, and used. I pick up a regional tractor ad magazine, and the prices are up there on used equipment. I can"t figure where all the capital comes from to put this new equipment on lots when there are so few farmers. I read on one ad where a dealer listed 56 new hay mowers on his lot by one manufacturer. I don"t see it. I think they dealers are also keeping used tractor prices high to keep the new stuff in the game. But, again nothing in todays economy makes sense anyway.

Equipment prices

Anonymous-0

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NY 986

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dhermesc

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E.B. Haymakin'

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