Marketing 1 oh 1. Someone didn't get the memo!

[fjlip]

Dealers are nearly sold out of new everything, lots are full of low hour/acre used. They have all the cards this year. IF economy slows the diff might be less after one more year, if we can afford it. If it booms, well, we will all pay more yet, but will afford it. Wild card will be interest rates. Take your best bet!
The 70's and 80's saw new machinery prices sky rocket. Used prices even increased. Paid interest rates up to 16%!

[farmaholic]

Saskfarmer3: re-read your original post--you answered all your own questions.

[hobbyfrmr]

Farmaholic, excellent observation.

[furrowtickler]

thats if you have any intention what-so-ever to buy.

[SASKFARMER3]

Furrow do you not get it, Its 3 combines every year and tractor or two plus swathers.
Every year good or bad. So dealer knows he has to come to bat problem this year is idiots are paying whatever to get a new combine so at bat is what i quoted. And if you traded for less than 30 a machine every year paying close to 70 per machine kind of puts a shitty taste in your mouth. These new super dealers just took away competion. Some just don't get that.

[furrowtickler]

Oh I get it, what you don't seem to grasp is they do not have to bend over this year just to make a deal. Would you? Would you sell your durum for $2/bus less just b/c the local guy you deal with bought it from you last year at that lower price?
Not defending anyone here just saying why would the dealers bend over - this is not the year at all to be buying any iron or land IMO. Like a few on this post said, the lots are filling up with premium low hr'd machines, the risk to carry is getting larger every day.
Good luck with whatever deal you can make, just remember how as a farmer it sucked to sell Wht for $2/bus less than the market is paying - remember the cwb.

[SASKFARMER3]

I agree this is not the year to be buying just showing how you can support them when they need all the sales they can get and as soon as its a up trend they forget who saved them.
So yes IMHO this is not the year to be buying anything at all. Merry Christmas MEXICO IS CALLING!

[gregpet]

We were lucky I guess to trade our 2011 8120's for pre-iTIV 2012 8120 for
$40000/machine. That's with approx. 300 hours on each machine.

[SASKFARMER3]

That I could live with. So Case is working on price for 3 8120s with new engines but whatever.

[gregpet]

The new 8230's would have cost us about $80000/machine. That's the
price when jumping up to the new model.

[poorboy]

Have a look at the price of used combines at the Richie Bros sales in Saskatoon and Edmonton.

For farmers having lots of money the used combines are not holding their value. Dealers have to charge you more for a trade. New have gone up and used has remained flat or actually dropped in value. Bet dealer is quoting you the same margin for the dealer as last year.

Same number of acres to thresh as always. How many more new combines can they sell before there is no market for used combines, because everyone has all they need? Perhaps we are already there?

Just like the housing boom. How many new homes do we need in Canada when the population growth is stagnant.

About time that Deere, Case, etc. does away with the multiple deals anyway. Only favors sales to large farmers.

[Hopperbin]

Must agree with you poorboy. The buyers of the new machines with warrantee and ext. warrantee have not been paying up their share the last few years. Sask. you farm about 9000 acres is that correct? 200 thousand spread over 9000 acres works out to 22 dollars per acre. Your stepping up a model. You should not need 4 machines for that acreage. The 4th machine will cost you 260 thousand. Then you will have 4 machines depreciating instead of 3. I take it you have ext. warrantee so you are under warrantee for another year anyway which the dealer is using to pass onto the person that buys your trade. Suck it up, in the past we could trade up for less dollars per acre on the new machines. In my opinion I am with poor boy, the trades to new will only get worse. Your paying for a lot of more technology today. If the USA tax credits is true then used American machines will also be flooding our Canadian market.