More Auction Madness

[Happytrails]

Richie Bros sold two 1997 JD tractors at a farm auction yesterday. Both apparently under 3000 hrs. The 7810 brought $180K, the 7610 $150K.
Have to admit I was tempted to put this in Errol's deflation thread. Seriously what a condemnation of what regulations have done to our machinery.

[fcr]

20$ canola @ 60 bu/ac , 14$ durum @ 70bu/ac.,9$ barley @ 90bu/ac. Easy for farmers with these returns to pay up for equipment.Had a dealer tell me a farmer in southeast Sask. has purchased all new machinery, fert. and all inputs for next year , it was by far his best year in over 35 yrs farming.Some will make a fortune this year and many will struggle to put a crop in next year.
w

[FarmJunkie]

Somebody must know it’s gonna rain next year and the price of commodities is gonna stay high

[Quadtrack]

Richie Bros sold two 1997 JD tractors at a farm auction yesterday. Both apparently under 3000 hrs. The 7810 brought $180K, the 7610 $150K.
Have to admit I was tempted to put this in Errol's deflation thread. Seriously what a condemnation of what regulations have done to our machinery.

We bought a 7600 with loader new in 1993 for $75k. Biggest piece of shit JD ever built. Good engine but the power shift was garbage-piled up at 1800 hrs. Poor cab, A/C couldn’t keep up, front axle leaked everywhere after 2000 hrs.
Last JD we ever bought.
To think they have appreciated…

[AlbertaFarmer5]

We bought a 7600 with loader new in 1993 for $75k. Biggest piece of shit JD ever built. Good engine but the power shift was garbage-piled up at 1800 hrs. Poor cab, A/C couldn’t keep up, front axle leaked everywhere after 2000 hrs.
Last JD we ever bought.
To think they have appreciated…

And to think that according to the green underwear crowd, that was the pinnacle of tractor evolution.

[Old Cowzilla]

Ag dealer lots look more empty now than car- truck dealerships. Auction barns enjoying good run even on the old tired stuff.

[Happytrails]

All good points made but I will add another. Assuming you can buy a comparable 175 hp tractor new for about $240K the 25 year old 7810 only depreciated about 1% a year!. The only reasonable explanation is the unreasonable emissions standards on new machinery. That makes old machinery more popular. It is the same with trucks. Try buying a pre 2004 Pete these days.

The un funny thing is that the world beyond Canada and the US gets to buy machinery built to work instead of shut down. Also the military, railroads, and aviation are exempt from emissions regs because they need reliable equipment. I wonder when agriculture and transportation will be considered important enough for an exemption.

[Oliver88]

RB auction at Clavet today was crazy as well.

[TOM4CWB]

We can fix the pre2014 DEF equipment ourselves... with zero till section control, up to date GPS...it is reliable...

As the cost to finance equipment increases... the bloom goes off the smell of new paint.

Yet 100% equipment write off now on taxes is seductive for some.

A good shop and 10-15 year old quality equipment... a blessing to farm... integrating the new electronics.. is fun! Good people with integrity... a real Blessing!

Cheers

[foragefarmer]

If it's a piece of equipment that is needed on the farm in good condition why not buy it, especially if you have been waiting to purchase a particular piece of equipment. The purchase price seems to bother everybody else more than the purchaser.

With the price of inputs and commodities, who wants to screw around with an unreliable piece of equipment during seeding and harvesting.

With Dealer's lots being empty good luck relying on finding something during crunch time if a major break down occurs, and if you find what you need at a dealer what will you pay then when they have you by the balls?

[farmboy44]

All good points made but I will add another. Assuming you can buy a comparable 175 hp tractor new for about $240K the 25 year old 7810 only depreciated about 1% a year!. The only reasonable explanation is the unreasonable emissions standards on new machinery. That makes old machinery more popular. It is the same with trucks. Try buying a pre 2004 Pete these days.

The un funny thing is that the world beyond Canada and the US gets to buy machinery built to work instead of shut down. Also the military, railroads, and aviation are exempt from emissions regs because they need reliable equipment. I wonder when agriculture and transportation will be considered important enough for an exemption.

72% inflation over those 25 years though, needs to be factored in.

[furrowtickler]

Older equipment is mostly more reliable, but the kicker is getting parts for older equipment is becoming more and more unreliable. And new equipment is priced for the few that can afford it .
Kinda a catch 22 scenario.

[fcr]

local deere dealer shop has a 4440 that turned a bearing and buggered the block.cant get a new block from deere. Not available so looking for a used one.How many of those engines are in use today still.Good time to be in the wrecking business.

[workboots]

How many 4440’s are still in use? I would think a large majority. It sounds like you bearing issue is a bit out of the ordinary. 7.6L motor churning out 135hp is why you should have a 20,000hr life if you keep to the maintenance schedule. What they put in a 135hp tractors today would make these old school engineers surely cringe.

https://talk.newagtalk.com/forums/thread-view.asp?tid=450510&DisplayType=flat&setCookie=1

[cropgrower]

local deere dealer shop has a 4440 that turned a bearing and buggered the block.cant get a new block from deere. Not available so looking for a used one.How many of those engines are in use today still.Good time to be in the wrecking business.

very few wreckers left in manitoba now , wrecker in grandview sold everything for scrap this spring past