RB sale

[seldomseen]

Did anyone go and was there any good deals? I was kind of pre occupied so did not see any of the sale today.

[farmaholic]

......auction sales can be a sobering reality check! You may think your iron is worth "X" $ until something like yours of similar quality and hours is sold at auction....can be a pleasant surprise or dismal disappointment.

With internet bidding and a large number of live bidders....auctions can be pretty accurate reflection of prices.

[fjlip]

Nothing we have is worth FA, over supply of everything, buyers market, including what we grow...

[Hamloc]

Couple of thoughts. John Deere combines appear to be a little over $100000 cheaper than equivelent S-680 and S-690's at the dealers. Some swathers sold well but were certainly some good prices. Seed drill certainly depreciate quickly. When you consider the 2015 S-690 sold for $360 K, 3 years use and depreciates roughly $240 K, doesn't make sense to me. I believe 372 threshing hours, $645 per hour yikes. So with a 40 foot header you would have to average just over 5 mph to get 25 acres an hour done and depreciation would cost $26 dollars per acre without including the cost of your header. No fuel, no operator cost, no repairs.

[helmsdale]

2015 class 9 cases with 6-700 hours on them for under 300k. $100,000 a year. I could buy a fleet of used class 6 machines, and light them on fire at the end of the year, and still be money ahead...

[farmaholic]

Isn't it all a bit of a numbers game....700-600k new combine "programmed" down a bit and an inflated trade in value for yours...so sell the trades at auction for less than "asking" lot price. The starting point is so ridiculous there's probably more room to play than we know.

What are the "real" numbers?

[furrowtickler]

The real numbers went from 10,000 ac to 40,000 ac . It is what it is . That’s the attitude of the whole Ag industry .
Like it or not

[helmsdale]

Nothing we have is worth FA, over supply of everything, buyers market, including what we grow...

Isn't that the truth. #1 low pro wheat delivered at your cost getting beaten by feed prices at the bin door currently...

[AlbertaFarmer5]

I just checked a few items.
2290 2wd Case for $32,000 seems like there might be an extra zero on that price. Hours not listed, must be virtually new?

Could have bought a 82 chev 3 ton gas for $8000, or a 95 Mack tandem for $14,000, one or both of those is the wrong price by a lot.

2011 Bourgault PHD sold for less than a 6 years older 5710, although the 5710 includes a cart. Are the PHD's wearing out that much faster?

2009 MF 9795 for $55,000 that is even half the price of the 2008 A85 Gleaner, what is wrong with the 9795's?

I'm glad that someone has figured out how to justify the depreciation on new equipment, particularly drills and combines. Makes my life easier.

[farmaholic]

.....keep the ****in things for more than three years.... 8-10 and with modest hours/acres and in decent maintained shape then don't dump it at public auction