Machinery Pete: Strong Prices on Red Tractors, Combine & Equipment on MN Farm Auction

titanoutlet
By titanoutlet May 9, 2014 15:02

Machinery Pete: Strong Prices on Red Tractors, Combine & Equipment on MN Farm Auction

Strong Prices on Red Tractors, Combine & Equipment on Minnesota Farm Auction

 

My friends at Kerhoff Auction and Real Estate had a nice farm auction April 5th in southwest Minnesota featuring a nice lineup of CaseIH/IHC equipment. A few sale price highlights:

 

case ih 7120 tractor

 

The 1988 CaseIH 7120 2WD tractor with 3,400 hours pictured above sold for $46,500. I’ve only seen (4) higher auction sale prices on 2WD 7120’s the past 17 years (record high price: $63,000 on 7/27/13 farm auction in east-central Iowa for 1992 2WD with 3,130 hours).

 

case ih 9170 tractor

 

The CaseIH 9170 4WD (1 owner) pictured above with 3,562 hours sold for $46,000. I’ve only seen (2) 9170’s sold in the U.S. in the past 10 years go for more money. Canada…that’s where used 4WD tractor values are higher, much higher. I’ve seen (3) CaseIH 9170’s sold for between $57,000 – $66,000 (CAD) north of the border the past three years at auction.

 

ihc 1486 tractor

 

The 1981 IHC 1486 tractor with 5,400 hours pictured above sold for $15,500. Ave. Auction Price so far this year on IHC 1486’s = $10,225. Interestingly, 10 years ago…Ave. Auction Price on IHC 1486’s = $10,228.

 

Case IH 1666 combine

 

The CaseIH 1666 combine with 3,227 hours pictured above sold for $40,000. That is the 6th highest auction sale price I’ve seen in the last nine years on a 1666.

 

case ih tigermate II field cultivator

 

The 2004 CaseIH Tigermate II 44 ½ field cultivator pictured above sold $37,000. I’ve only seen (4) sold for higher auction sale prices, but each of those (4) CaseIH Tigermate II’s were larger, from 46’ to 54.5’.

 

 

Case IH 730B disc chisel

The 2003 CaseIH 730B disc chisel pictured above sold for $18,750. This is the 5th highest auction sale price I’ve seen on a CaseIH 730B ripper.

-Greg Peterson, AKA Machinery Pete, guest blogger

 

 

titanoutlet
By titanoutlet May 9, 2014 15:02
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