What are some pricing guides for farm equipment?


Quick Answer

Pricing guides for used farm equipment are available in different formats from FastLine.com, Agriculture.com and the Iowa State Agricultural School. FastLine.com provides a free database for finding specific market prices of different farming equipment. The FastLine website lists 20,000 tractors, 20,000 harvesting units, and 10,000 hay bailing or foraging units as of December 2015. Search returns on the site list the number of units found; the high, low and average price; and a price breakdown by year.

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Full Answer

BusinessInsider.com posts a simple list of new farm equipment prices courtesy of Morgan Stanley's research department. Common equipment such as new tractors range in price from $15,000 to $400,000, new combine harvesters range from $275,000 to $475,000, and new bailers range from $15,000 to $40,000. The extended list also includes cotton strippers, cotton pickers, sugarcane harvesters, forage harvesters and wind-rowers, in addition to mowers, planters and seeders, tillage, and self-propelled sprayers.

Agriculture.com provides articles analyzing broader industry trends in equipment pricing. One article compares price changes in equipment from year to year, while another lists the average prices for used tractors on dealer lots. One-year-old tractors average $275,000, two-year-old tractors average $256,000, and three-year-old tractors average $236,000.

The Iowa State Agricultural School provides a useful framework for understanding how used farm machinery is priced, as well as tips for replacement strategies, buying used machinery, and selecting the right type of equipment. The website can be used to estimate repair costs and the depreciation in equipment value.

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