Farm auction prices on a runaway

[furrowtickler]

For sure tandems at auctions are high.
Like anything I guess if you shop around there are deals out there for semi trucks or tandems . We got our last one several years ago at less than 1/2 of what they are selling for now. Not sure I would replace it now at current levels. Agree $130,000 or whatever would buy a very nice super B set up or tridem trailer and truck. I guess anything that sells high at an auction is not just one guy , someone else was bidding him up to get it as well. Makes it interesting on the value of equipment or land though. Good stuff seems to keep going up.
One thing that takes a beating in general is airdrills - but they can be area or farm specific to a point. 5710's now sell for less than scrap iron prices at some sales.
Every year there seems to be a few auctions that sell very high , but at the end of the day it's still interesting to see all that iron find a home somewhere.
A CX 860 with 1500 hrs sold for $150 K yesterday. But a tough fall last year pushed their value up I would think.
On a lot a dealer would have a tough time getting over $100 K a year ago.

[farmaholic]

Let me take this down a notch further.... here in the slum of the Ghetto, there is a 1966 IH Loadstar(last year I took it to Blair's Ag and picked up about 8t of S15, it was 50 years old last year, I did it for that reason) and 74 GMC three ton that see some action. The tandem is an 07 Pete with a CIM box and the Tridem is an 09 Kenworth daycab and a Wilson tridem(14,000 kg total weight). The Pete is heavy, about 10 tonne itself so a 24.5 GVW lets you haul about 530 bu of wheat or 640 of $12 canola ;-0, probably always heavy on steering axle.

[blackpowder]

I will take myself down a notch today. 3" wet snow on top of a totally saturated yard from week of similar. Now seed plant calls. I'll have to halter break everything.
Its just hard for me sometimes to justify. acs/combine, acs/hour on combine. No family. No one under 50 can drive these old tanks. Almost anyone can run a cart. Easier to pay for qualified 1a driver especially if 18 or 13 speed.
Had my old W900 bush queen up for sale. Cant stand money in idle iron. Nobody wants to pay full salvage value. It wont further depreciate. Repair or blowup risk of course. But I guess for $10k she can stick around for playing in the mud. Cart on the want list regardless. Old RD612 stuck on sprayer.

Now, $132k on a light binder is just dairyman prices.
Question. Why do some compare land prices to machine prices. One does not break or depreciate.
Hauling own to terminal covers trailer payment. Decisions based on harvest efficiency.

[foragefarmer]

The farmers in the 1500-2000 range still use tandems. It depends on what you are growing and the distance your land base is from the homestead that my determine what type of piece of equipment is required. Why not hire a trunking outfit with super-Bs to haul your product, makes life a little easier.

[sumdumguy]

On our farm, it's handy having a few (cheap) tandems around. Sometimes we think they are unnecessary until you need one Pronto.

[danny W1M]

Auction prices for good used equipment will stay strong, not because of Ag,,,but because of the low Canadian dollar policy of the federal Liberal party. As long as New equipment prices sky rocket because of the low CAD, and Canadian grain prices fail to rise equally for the currency exchange, enriching Liberal party friends, the Richardson family,,,,used equipment will keep on rising. The same thing happened when Justin's old man was PM. I remember my dad getting more for his combines and tractors than he paid for them after using them for 10 years. Just the same the new pieces my dad bought with those good trade-ins, were considered astronomical at the time. Inflation was painful, oh ya,,,lookup where grain prices were at the time.

[sumdumguy]

Gleaner combines go cheap at auctions !

# just give em away !

If it weren't for Gleaners last fall about 1000 acres of durum would still be out on our farm. All the others couldn't handle the stand and believe me - we tried a lot of big new combines. Just saying, I am glad they are cheap, we need a couple more. 👍

[sumdumguy]

With the loonie taking a shiit kicking like today, the auction prices will only go higher. Can you imagine having a 27% advantage bidding?

[danny W1M]

sum, your not understanding exchange correctly.

CAD is $0.7360 today.

$100 CAD = $73.60 USD

$100 USD = $135.87 CAD

One hundred dollars U.S. is exchanged at One hundred thirty five dollars and 87cents CAD

The advantage is 35.87 %

At this moment MGE JULY wheat is $5.42 1/2 per bushel, or $7.37 CAD
MGE DEC wheat is $5.57 3/4 per bushel, or $7.58 CAD

[biglentil]

If it weren't for Gleaners last fall about 1000 acres of durum would still be out on our farm. All the others couldn't handle the stand and believe me - we tried a lot of big new combines. Just saying, I am glad they are cheap, we need a couple more. 👍

They wont be cheap now that the secret is out. LOL

[AlbertaFarmer5]

Some of us still use tandems, a good reason is MUD. Straight truck with lockers and tire chains will go through a lot. Super B is about useless in mud or snow.

But I'm small time, the most we've harvested in a year is just under 100,000 bushels, one tandem and a single axle for overflow, and all feilds within 3 miles of home bin site. Most much closer than that.

Put a pup behind for hauling grain further from home time permitting. Hire most long distance hauling, they aren't making much money at that right now.

[sumdumguy]

oh yeh, those Gleaners are a pile of junk. 😁