Originally posted by AlbertaFarmer5
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Its not necessarily iron going up but the dollars purchasing power decreasing. Like I said before certain items will inflate at different rates than others. Luxury goods like large new homes and boats are struggling while productive assets demand more paper.
In the labour market those with real world skills like Ag employees are earning a higher wage than those coming out of university with say business admin degrees. I guess you could say the market is finally rewarding real world productivity and Steiger Tigers over paper tigers.
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Last few days of auctions back closer to earth ? Seems that way
The first two weeks were absolutely silly
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The Swan River auction shows the reality of the machinery market recently.
Tractors and sprayers are still in high demand as supply is very tight . Combines falling off as some dealer lots are overflowing with used .
Nearly 10 year old Quad track with 2700 hrs still $500,000 , similar year Combines 1/2 that .
Off the lot they were about the same retail new .
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Originally posted by furrowtickler View PostThe Swan River auction shows the reality of the machinery market recently.
Tractors and sprayers are still in high demand as supply is very tight . Combines falling off as some dealer lots are overflowing with used .
Nearly 10 year old Quad track with 2700 hrs still $500,000 , similar year Combines 1/2 that .
Off the lot they were about the same retail new .
I've been watching tractors sell at auction lately and they're selling for a lot more than dealers lots. Then add in the buyer's fees.
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