40+ years old... I remember coming into the business and selling 8N and farmall parts that were 40-50 years old... Falling market, super strong for the 60s-70s era tractors. Now they are dying off. 30 years old is where they all really start to fall off. That is my experience.
My theory is this…..no one has any money to spend. New is unaffordable, used has tough financing rates. Late model EQ is really struggling…..old stuff holds a bit of value if there’s money to buy it, if not, it too will go cheap. FJB
I think you picked the wrong Auction.That was an Auction of orphans. That 4040 has Hydraulic front assist which is useless and a power soak. Were it a 50 series, it would be mechanical and a whole different animal. Everyone is scared of a Case as parts for the transmission are expensive and someone to repair them correctly hard to find. A Kubota of any kind in 2WD is a low seller, why is just not really known. A 60 HP Massey is a small acreage tractor. People seem to like cabs with air and no crazy levers in odd places. BUT, higher interest rates from lenders means few if anyone will upgrade and there's nothing here worth the effort. Not a thing here that serious operators won't pay cash for if they truly needed it. The higher horsepower 2-3 year old stuff is really getting hammered. Prices are off $80-100,000 from last Fall. Farmers not only want to repair their own, but not get eaten by the Emmissions caused repairs that are prevelant across the board, no color is exempt. Most will require $15-25,000 in repairs within the first 5 years. Then there is the timing of it as well as parts availability. Then you get the who is the bigger priority, not who's first in line.
The tractors at this auction were just part of a trend ive been watching over the past 6 months not the driving force behind the video. I believe your analysis is spot on though thanks for the reply.
I'm actually kinda sad we didn't get a better view on the front of that tractor. But by the rim style and what appears to be a faint outline of a drive shift going to the front. I cannot confidently say it was a HFWA. I't definitely was set up differently than my hfwa if it was. Deere released the 40 series in eroup with mfwa, (this took place of the 50 serues, they did not release a 50 series in eroup) but some of those test bed tractors as well as a few test bed tractors for the 50 series mfwa did make there way into the American marked with 40 series stickers and it would be pretty neat if that was one of them.
That’s a true MFWA, definitely not Hydraulic. Has the wrong axle for Hydraulic, that is a ring and pinion front axle and you can see the drive shift from the trans to the front axle.
@@zachscheid4697you can see that is a ring/pinion front axle and you can see the driveshaft back to the trans. If it was a hydraulic front end. It would have the 2wd pivot section with the hydraulic motors in the steering knuckles which this doesn’t have.
The tractor prices on used are still very high where I live, The hot brands seem to be john deere and Kubota and New Holland. Auction prices are still holding strong on clean low hour tractors. Not every one needs to finance it to buy it.
The used equipment market has been overpriced for the last few years. Older tractors have been overpriced for what they are, nice to see the prices go back down to what they were before...
The Deere appears to be a 4040S model from Europe. It clearly has the mechanical front drive from the later 50-series instead of the hydraulic assist that the regular 40-series would have had.
When you said best JD tractor I had my suspension it might be something in the 4000 series...I had the privilege of running a 4430fwa and 4450 mfwd in my teens ....loved those machines
Buyer beware. Even American branded tractors can be made in Europe, have metrics & parts hard to get. Newer tractors can have expensive & complicated computer issues. Auctions are buy as is, no returns, no warranty. Some were left in cold weather without anti-freeze & have cracked blocks. Some models are notorious lemons, do your research.
Things are still selling hot in ND. Case ih magnum 7240 mfwd with trimble eze pilot and display with 9000 hrs sold for 61k. I thought that was rather high. Tractor was in good shape and looked taken care of.
It's demographics. My uncle's estate sale on the farm. Stage 2 farmall h brought $6000, super MTA $4800, super c brought $5200, original MF 35 59 model super nice (been on farm since 62) $5200, original super 77 red wheel ( one of the last ones built) $3100, international 485 w loader (208 hours) $20,000.
Over here in Australia is much the same recently cattle prices whent through the roof to unheard of levels i think it depends on how the economy is going if we are in drought etc
It may have been a nh workmaster 75 and 2 years ago they were 44k new. Now they 54k. A ton of demand was pushed forward due to the low interest rates. I knew the sub compact market would crash as new land owners already bought what they wanted. The utility size may get wrapped up in that too. Most of the land owners in my area are doing a pounds gained program on feeder steers instead of cow/calf. Or put in crp. There isnt the same excitement like in 2014 to buy in or build up. Prices have been supressed for so long, regulations with new regs coming, we have lost inertia. And the barrier to entry is so high a kid should just get a good degree with the $$$$$$ instead.
Not sure about this, still hot up here in Canada. Old red Magnums bringing near what they sold for new. But they don’t have electronics,,,,,that’s worth thousands extra just for that reason.
If that is an example of price crashing then I don't believe it. $25,500 and probably plus fees for a 40year old tractor! Even here in the UK it isn't worth that kind of money!
Was that 4040 a hydraulic front assist? If so, that would be a huge deduct in my area. Now, a 50 series with mechanical front drive would be a hot item around here.
thanks for the videos! i dont get to go much any more taking care of a elderly parent so thanks!!! im in wisconsin my neighbor just shipped some beautiful steers for steaks and roasts and the TOP price he got for 1 was $1.68 a pound his average price was $1.59 a pound. my neighbor who milks cows said the price he is getting for milk in june 2024 is the same as it was 12 years ago. and john deere and firestone tire ARE laying off people cause they cant sell their stuff farmers CANT afford it any more
Deere has had over 1000 layoffs/early retire payouts in several Iowa plants this year alone. Production being moved to Mexico or consolidated at existing plants. Expect more
Well, Deere is moving some production to Mexico. Cheaper labor is a big draw for these companies, regardless of domestic (US) consumption. No attempt by "our" government to keep them here, so unless the farming market in the US is red hot, the tendency is to pack up and go where the real money is.
There are fewer farms every day . A good brand low hour tractor is difficult to find. Prices may have come down but it may be due to fewer farms.An older low hour tractor may not appeal to a large operator excluding several John Deere models for the most part. The problem we have is fewer and fewer repair shops and fewer and fewer brands still alive.IH is an orphan and parts can be non existant,Case for some models ,it breaks its the scrap yard. So its important to be able to get parts and fix or get fixed for smaller operators . It could be prices are coming down due to operators not willing to extend risk at this time.
@@TheRustyGarageandHomestead yeah 2wd it would have been a solid price. The front wheel assist is what makes it valuable and 3k hours for a tractor that age is pretty low hours.
Few have any need for one. Every one is against farming. You have to have 1,000 acres to be even considered a farm any more. No one needs old worn out equipment. which can be extremely hard to get parts for. I see all prices coming down on small equipment.
I think the subcompact market is long overdue for a crash. The same 7 manufacturers make all 20+ brands. 20k for a suped up lawn mower is just ridiculous.
Bullshit. Used prices are highest they've ever been and very unlikely to "crash" when a new one is 150k and cant be worked on yourself. Just had to pay $22k at auction for a jd4430 that needed another 1k in parts to fix the a/c
It's hit or miss. Most the guys buying to flip spending high dollar haven't moved here stock but that's good for guy that's trying buy one for small farm most them tractor jockey come up ask me what I'm after now because last year I made them earn them wins lol
That's not bad. That is fantastic news. Maybe now the average homesteader can actually afford a tractor. Maybe bad news for the greedy A holes that have been taking advantage of people through artificial supply constraints. I hope all markets crash so that I can actually afford some assets in my life.
That's my thoughts. Too many think they need bigger than they do. There was a 1950s dealer video for Allis Chalmers or Farmall that had charts for the different models and the number of acres that could be plowed, disked, planted, cultivated, and it was a surprisingly large number of acres. Sure, it might be more hours in the seat but there are six weeks of corn/bean planting window most places. Maybe you get clever and buy two old tractors with two smaller planters and hire a buddy for a few weeks. I've seen husband and wife following each other plowing with identical 50s tractors and plows.
Sir you need to educate yourself on the case tractors that 2090.is five times better than the green piece of shit..seems most have green disease or something..we bought a 2390 new and with Good care and respect it has 15 000 hours now still rolling strong..show me a deer that had that many hours
In my opinion tractor brand loyalty is also regional. Case tractors are basically nonexistent in my area but I don’t live in farm country I live in hay and cattle country shoot there are more White tractors in use around here than Case.
Regardless of the brand, that decent care & respect aspect is the key to longevity! Also the blind luck of picking the right year & model... some lemons among the cherries in every color.
Equipment has been way over priced for years, kind of like the automotive market.
I agree but some equipment has always maintained a high level of value.
What the current farm land valuations isn't it in a bubble too?
I have worked on tractors and heavy equipment all my life. What I am seeing now is it is getting harder and harder to find parts for old equipment.
40+ years old... I remember coming into the business and selling 8N and farmall parts that were 40-50 years old... Falling market, super strong for the 60s-70s era tractors. Now they are dying off. 30 years old is where they all really start to fall off.
That is my experience.
No wonder with Idaho and Oregon shutting down farms. We all could starve. FJB
LGB
FJB!!
why blame biden?
@@bipslone8880 he’s the leader his green new deal. WTF do think is going on
We are in a dying economy!
My theory is this…..no one has any money to spend. New is unaffordable, used has tough financing rates. Late model EQ is really struggling…..old stuff holds a bit of value if there’s money to buy it, if not, it too will go cheap. FJB
agreed!
Couldn’t agree with this more. I need a 60-100hp tractor to add to my haying fleet. Cant even afford a 50-60 year old tractor as they’re over 10k
@@faithfulfarmadventures3898 How do you blame Biden?
I think you picked the wrong Auction.That was an Auction of orphans. That 4040 has Hydraulic front assist which is useless and a power soak. Were it a 50 series, it would be mechanical and a whole different animal. Everyone is scared of a Case as parts for the transmission are expensive and someone to repair them correctly hard to find. A Kubota of any kind in 2WD is a low seller, why is just not really known. A 60 HP Massey is a small acreage tractor. People seem to like cabs with air and no crazy levers in odd places.
BUT, higher interest rates from lenders means few if anyone will upgrade and there's nothing here worth the effort. Not a thing here that serious operators won't pay cash for if they truly needed it.
The higher horsepower 2-3 year old stuff is really getting hammered. Prices are off $80-100,000 from last Fall. Farmers not only want to repair their own, but not get eaten by the Emmissions caused repairs that are prevelant across the board, no color is exempt. Most will require $15-25,000 in repairs within the first 5 years. Then there is the timing of it as well as parts availability. Then you get the who is the bigger priority, not who's first in line.
The tractors at this auction were just part of a trend ive been watching over the past 6 months not the driving force behind the video. I believe your analysis is spot on though thanks for the reply.
I'm actually kinda sad we didn't get a better view on the front of that tractor. But by the rim style and what appears to be a faint outline of a drive shift going to the front. I cannot confidently say it was a HFWA. I't definitely was set up differently than my hfwa if it was. Deere released the 40 series in eroup with mfwa, (this took place of the 50 serues, they did not release a 50 series in eroup) but some of those test bed tractors as well as a few test bed tractors for the 50 series mfwa did make there way into the American marked with 40 series stickers and it would be pretty neat if that was one of them.
That tractor has a mechanical front wheel drive, in my opinion.
That’s a true MFWA, definitely not Hydraulic. Has the wrong axle for Hydraulic, that is a ring and pinion front axle and you can see the drive shift from the trans to the front axle.
@@zachscheid4697you can see that is a ring/pinion front axle and you can see the driveshaft back to the trans. If it was a hydraulic front end. It would have the 2wd pivot section with the hydraulic motors in the steering knuckles which this doesn’t have.
The tractor prices on used are still very high where I live, The hot brands seem to be john deere and Kubota and New Holland. Auction prices are still holding strong on clean low hour tractors. Not every one needs to finance it to buy it.
Good to hear!
The idiots makes an auction over priced
The 4020 was the best tractor JD made
The o percent or cash option you are paying interest
@@randywells4674 not even close 😂😂 what a childish take
The used equipment market has been overpriced for the last few years. Older tractors have been overpriced for what they are, nice to see the prices go back down to what they were before...
Those prices are very typical, except for that Case! That was very cheap if it was a running working tractor as they said.
The Kubota in this video wasn't to low but overall in the past 6 months tractors at auctions I go are down big on average.
I like the older tractors due to the fact you don’t have to screw around with the newer regeneration units. They are a pain in the butt!
Definitely!
The Deere appears to be a 4040S model from Europe. It clearly has the mechanical front drive from the later 50-series instead of the hydraulic assist that the regular 40-series would have had.
Thanks for the info!
as the cost of new tractors goes up, the cost of USED tractors will go up too.
ESPECIALLY the older tractors WITHOUT emissions!
I'd say the John Deere and the Kubota sold a little high. Not like they are power house's
the Kubota wasn't to low but on average over the last 6 months tractors in my area are down across the board.
When you said best JD tractor I had my suspension it might be something in the 4000 series...I had the privilege of running a 4430fwa and 4450 mfwd in my teens ....loved those machines
Buyer beware. Even American branded tractors can be made in Europe, have metrics & parts hard to get. Newer tractors can have expensive & complicated computer issues. Auctions are buy as is, no returns, no warranty. Some were left in cold weather without anti-freeze & have cracked blocks. Some models are notorious lemons, do your research.
I liked the Kubota and the Case, they deff sold cheap compared to where I live!
The Case was definitely cheap.
Things are still selling hot in ND. Case ih magnum 7240 mfwd with trimble eze pilot and display with 9000 hrs sold for 61k. I thought that was rather high. Tractor was in good shape and looked taken care of.
It's demographics. My uncle's estate sale on the farm. Stage 2 farmall h brought $6000, super MTA $4800, super c brought $5200, original MF 35 59 model super nice (been on farm since 62) $5200, original super 77 red wheel ( one of the last ones built) $3100, international 485 w loader (208 hours) $20,000.
Good point and those are some nice tractors your uncle had!
What do you mean by a stage 2 h?
Over here in Australia is much the same recently cattle prices whent through the roof to unheard of levels i think it depends on how the economy is going if we are in drought etc
Good point.
same as here in kenya though we dont breed pedigree cattle
New equipment is to expensive nowadays. Also used equipment is quitte expensive...... it's almost rediculous....
This is 100% out of my wheelhouse. At some point I am gonna need some equipment and I have been hoping for the market to soften a bit. Great video.
The used market has softened that’s for sure lol. The new market is out of hand high especially the “name” brands. Thank you!
@@faithfulfarmadventures3898 A few years back I was looking a new tractors. Glad I didn't buy then.
@@oakiewoodsman if you keep an eye out and aren’t in a hurry you can get a deal right now that’s for sure!
It may have been a nh workmaster 75 and 2 years ago they were 44k new. Now they 54k. A ton of demand was pushed forward due to the low interest rates. I knew the sub compact market would crash as new land owners already bought what they wanted. The utility size may get wrapped up in that too.
Most of the land owners in my area are doing a pounds gained program on feeder steers instead of cow/calf. Or put in crp. There isnt the same excitement like in 2014 to buy in or build up. Prices have been supressed for so long, regulations with new regs coming, we have lost inertia. And the barrier to entry is so high a kid should just get a good degree with the $$$$$$ instead.
Excellent Points!
I do like those old 4040's and the 4020's. Don't see to many ft assist 4040's that's kinda nice
Front wheel assist are hard to come by in our neck of the woods there mostly north and east.
Not sure about this, still hot up here in Canada. Old red Magnums bringing near what they sold for new. But they don’t have electronics,,,,,that’s worth thousands extra just for that reason.
Yep, in Alberta as well.
Montana used tractors are selling for premium, especially the 1970s JD. Front wheel assist loader tractors are in high demand.
Wow I really thought that old case would of brought more than 2700
It was a lot of horsepower for $2700
@faithfulfarmadventures3898 that's no lie I would of bought it for that price
@@TheRustyGarageandHomestead it would have been a good purchase.
90 series case I bet the power shift was out
Maybe the auction co. didn't do enough to draw in buyers? (thankx-FFA)
Always a possibility.
If that is an example of price crashing then I don't believe it. $25,500 and probably plus fees for a 40year old tractor! Even here in the UK it isn't worth that kind of money!
Was that 4040 a hydraulic front assist? If so, that would be a huge deduct in my area. Now, a 50 series with mechanical front drive would be a hot item around here.
Not sure to be honest. Agreed 50 or 55 series would have been better!
No the hydraulic front wheel drive had a much bigger center didn't it?
thanks for the videos! i dont get to go much any more taking care of a elderly parent so thanks!!! im in wisconsin my neighbor just shipped some beautiful steers for steaks and roasts and the TOP price he got for 1 was $1.68 a pound his average price was $1.59 a pound. my neighbor who milks cows said the price he is getting for milk in june 2024 is the same as it was 12 years ago. and john deere and firestone tire ARE laying off people cause they cant sell their stuff farmers CANT afford it any more
Thanks for watching! I don’t know how dairy farmers make it they’ve been especially hard on dairy’s the past 25-30 years.
Thanks and God bless you for looking after your parents.
Deere has had over 1000 layoffs/early retire payouts in several Iowa plants this year alone.
Production being moved to Mexico or consolidated at existing plants.
Expect more
Well, Deere is moving some production to Mexico. Cheaper labor is a big draw for these companies, regardless of domestic (US) consumption. No attempt by "our" government to keep them here, so unless the farming market in the US is red hot, the tendency is to pack up and go where the real money is.
We are seeing that used tractors above 150 hp are higher demand as large grain augers need more HP as well . But I could be wrong.
Thanks for the info!
Maybe less land available. Maybe fear of transition into electric power / possible ban of gas or diesel.
Good possibilities!
sounds like reasonable prices
There are fewer farms every day . A good brand low hour tractor is difficult to find. Prices may have come down but it may be due to fewer farms.An older low hour tractor may not appeal to a large operator excluding several John Deere models for the most part. The problem we have is fewer and fewer repair shops and fewer and fewer brands still alive.IH is an orphan and parts can be non existant,Case for some models ,it breaks its the scrap yard. So its important to be able to get parts and fix or get fixed for smaller operators . It could be prices are coming down due to operators not willing to extend risk at this time.
The 4040 brought more than I would of guessed.
They usually sell 40k plus front wheel assist
@faithfulfarmadventures3898 that's crazy. There great tractors though. I can't find one online for sake with the fwa
@@TheRustyGarageandHomestead yeah 2wd it would have been a solid price. The front wheel assist is what makes it valuable and 3k hours for a tractor that age is pretty low hours.
3000 means 13000 most likely. If it was 3000 price would be double
That loader that is on it is probably worth nearly as much as the 40+ year old tractor.
Used prices sky high here as no one wants to buy the new overpriced, unreliable, unrepairable junk that they peddle us these days
I'm currently in the market for a Deere 4 or 5 series and its NUTS out here!
New equipment price or interest rate are swapped, you're paying the same price in the end, do you want it up front or monthly?
Good point!
Few have any need for one. Every one is against farming. You have to have 1,000 acres to be even considered a farm any more. No one needs old worn out equipment. which can be extremely hard to get parts for. I see all prices coming down on small equipment.
That 2090 was cheap that's a 7000.00 dollar tractor in michgan for 2700. Dollars ,I would of give 3000.00 for it.
It used to be a 7k tractor here to.
I think the subcompact market is long overdue for a crash. The same 7 manufacturers make all 20+ brands. 20k for a suped up lawn mower is just ridiculous.
I agree I don't think they can sustain the amount of manufactures in subcompact long term either but who knows.
Bullshit. Used prices are highest they've ever been and very unlikely to "crash" when a new one is 150k and cant be worked on yourself. Just had to pay $22k at auction for a jd4430 that needed another 1k in parts to fix the a/c
I like them old masseys
Yeah and you really don’t see a lot of them out there either.
@@faithfulfarmadventures3898 people probably just hang on to them. There good tractors
@@TheRustyGarageandHomestead Massey was never big on the finer things but definitely reliable and simple.
@@faithfulfarmadventures3898 I agree
I can't wait to get an ih 100 hydro for 3l
Where are you located?
What are John Deere 8285R tractors bringing ?
Northeast Oklahoma. We have very little crop land in my area so we don't see tractors that size often. Mostly 75-150 hp around here for hay equipment.
Haha, still north of Cdn$300,000 here in Alberta.
Those price are about right. None were clean low hour tractors.
Computer controlled junk is all the companies make now... Go back to tractors which can be repaired by farmers in the field.
It's hit or miss. Most the guys buying to flip spending high dollar haven't moved here stock but that's good for guy that's trying buy one for small farm most them tractor jockey come up ask me what I'm after now because last year I made them earn them wins lol
Gotta keep em honest lol
Good the older non def tractors will be cheaper.
They're paying more now for say a jd 2950 than they did un the 80s lol 😆 😂 crazy
They were here to for a while.
Biden says " malarkey " 😅😅
That's not bad. That is fantastic news. Maybe now the average homesteader can actually afford a tractor. Maybe bad news for the greedy A holes that have been taking advantage of people through artificial supply constraints. I hope all markets crash so that I can actually afford some assets in my life.
Not around here it's not. Used tractors are higher than ever and show no signs of dropping any time soon
They ain't that many people need that big of tractor
I live in hay and cattle country so there are around here.
That's my thoughts. Too many think they need bigger than they do. There was a 1950s dealer video for Allis Chalmers or Farmall that had charts for the different models and the number of acres that could be plowed, disked, planted, cultivated, and it was a surprisingly large number of acres. Sure, it might be more hours in the seat but there are six weeks of corn/bean planting window most places. Maybe you get clever and buy two old tractors with two smaller planters and hire a buddy for a few weeks. I've seen husband and wife following each other plowing with identical 50s tractors and plows.
@@jvin248 that’s cool!
What about used heavy equipment
Its down here to especially skid steers and mini excavators.
Not where I live they are higher
The auctioneers aren't very good
Farmer has more tractors then they need 850000.00 for a combine big corporation farmers dont buy the things you are showing
I hope the crash comes here so I can get one or two
I hear that!
Sir you need to educate yourself on the case tractors that 2090.is five times better than the green piece of shit..seems most have green disease or something..we bought a 2390 new and with Good care and respect it has 15 000 hours now still rolling strong..show me a deer that had that many hours
In my opinion tractor brand loyalty is also regional. Case tractors are basically nonexistent in my area but I don’t live in farm country I live in hay and cattle country shoot there are more White tractors in use around here than Case.
I have 4 deers with 15 plus neighbor has one with 26
Regardless of the brand, that decent care & respect aspect is the key to longevity! Also the blind luck of picking the right year & model... some lemons among the cherries in every color.
@@davidkottman3440 agreed!
People are buying what they need, not want.
It's tough all around.