Buying and Selling Used Farm Equipment
It’s impossible to farm without the right equipment, and that equipment doesn’t come cheap. But there are alternatives to buying new, off the lot, at full retail price. There are bargains to be had. Like used cars, there is a healthy market for used farm machinery in USA. If you are looking to buy or sell, here are some basics you should know.
It’s impossible to farm without the right equipment, and that equipment doesn’t come cheap. But there are alternatives to buying new, off the lot, at full retail price. There are bargains to be had.
Like used cars, there is a healthy market for used farm machinery in USA. If you are looking to buy or sell, here are some basics you should know.
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Still, Successful Farming’s late-model tractors analysis suggests there are some tractors of specific sizes
that buyers can easily locate, specifically high-horsepower, front-wheel-drive models. There is also a
strong market for 10 to 20-year-old models that are in good condition and low hours of use.
Good deals on used combines currently exist, too, the magazine notes. Auction prices may commonly be
found near the $150,000 mark – lower still in some circumstances, specifically for models from 2014 to
2016.
Other machinery the magazine notes can be found at fairly good prices include semitractors and hopper
bottom trailers.
Trade war has had an effect on sales
It should be noted that recent trade war decisions between the U.S. and other competing economies
has had a negative effect on both new and used tractor sales thanks to effects felt through commodity
and livestock prices.
However, Successful Farming advises that dealers may use this as an opportunity to offer deals and
reduce their inventories. So, it’s best to keep an eye out.
Know what the equipment is worth
Farmers interested in selling their equipment may find it is a challenge to accurately put a price on their
equipment. Luckily, there are a variety of sources that, when combined, can give both sellers and buyers
doing their research a solid price point.
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