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.
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.
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.
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.
@@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.
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!
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
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.
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.
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.
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.
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.
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
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.
