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Value of tractors in future

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terry

01-19-2002 07:59:35




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I got to wondering about tractor values say 30 years from now. Sadly, most of the folks that can relate to the tractors they own will be dead. This is what generally happened to prices for Ford Model T's and A's. There aren't many folks around any more that care to own them. My thinking is, own the tractor cause you enjoy it, cause what price can you put on that??

I would enjoy hearing any of your comments.

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Glenn(WV)

01-19-2002 20:27:01




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 Re: value of tractors in future in reply to terry, 01-19-2002 07:59:35  
I'll tell ya, I'm 30 years old and I'd love to have both a Model T and a Model A - but the guys with whom I was in school thought I was crazy for being a car nut in general. I'm still a car nut, only worse!

I think that as a whole, they will increase in value - especially those that lend themselves to acreage mowing. Dukester hit the nail on the head concerning country living being a luxury for some people. When those people pass on, though, what will their kids do with the equipment? In most cases, they will sell it. If a flood of machines come on the market, prices will drop - but again, as these machines become increasingly difficult to find(more of them are parted out, etc.), they will go up in value.

You are so right - own tractors because you enjoy them or use them. They really aren't an investment opportunity, either. There is no price on happiness.

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Steve T

01-20-2002 08:19:49




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 Re: Re: value of tractors in future in reply to Glenn(WV), 01-19-2002 20:27:01  
Glenn, your right about the older tractors being parted out. For every tractor parted out, that makes 1 less tractor that can be restored and 1 more tractor that can be subtracted from the run of that particular model made. I am half ways through rebuilding/ restoring a 1940 Farmall "A" and had to pick up the remains of 2 other "A",s to get the basic parts that I needed to rebuild mine. There are now 2 less Farmall "A",s that can be restored and 2 more tractors taken off of the list. Im sure that there are a lot of people on this board that has done the same thing. The less that are left SHOULD go up in value at a much later date. For the moment, I am at least enjoying the fact that prices are still fairly low for some unrestored tractors and parts still available for most of them. I just picked up a very nice straight running 1950 "H" for the paltry sum of only $500.00 bucks. Not an every day find, but still out there. Steve T

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The Dukester

01-19-2002 17:57:32




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 Re: value of tractors in future in reply to terry, 01-19-2002 07:59:35  
Some Question!! Seems to me that a lot of the answer will have to do with the economic health of our country and the world in general. We have had pretty good times in the last three-four decades and a lot of people had money to spend on things they didn't really need but felt they should be able to have to enjoy life more. They moved to the country in search of a better life and they became country oriented even though a lot of them still worked in some job in the city or town. They built homes on acreages, not lots, and they mowed fields of grass. It's been a mixed blessing for the rural areas because it brought wealth to the rural areas that farming and farming related enterprises could no longer generate. (No matter how you cut it, a few big and realitively well-off farmers don't support the rural economy like the multitude of farmers the rural areas used to have, did). Yet, the poliferation of people of urban background to the country has changed and complicated the traditional country life, to the chagrin of "traditional country people". If the economy stays good, I think this pattern of life will continue and most any thing related to country life will retain it's popularity, antique tractor interest included. But, if for some reason, the economy should take a real nasty downturn, the antique tractor demand will wan and the multitude of people will have to spend their money on necessities of life. The monies spent on likewise recreational goods will suffer too, and a lot of industries will have to return to making the basic needs of civilization. A lot of other things could happen too, such as, we seem to be in the process of overpopulating this earth, which if, and it might, become a problem which could really change the economic conditions, and the values of many things would change drastically. The country way of life now is quite luxurious really, if you compare it to how most people lived 50 years ago, especially when compared to those people living in the country at that time. Having a tractor, or many tractors, is a symbol of that luxury. Sometimes it just an expensive, contemporary, lawn and garden tractor used in the upkeep of the spacious grounds, Sometimes it's an antique, rigged with a mower to keep the yard clipped, sometimes it's a rare, restored farm tractor of generations ago, sometimes it's a regular stable of tractors, some restored and precious, some unrestored and precious, and some run-of-the-mill types that are just fun to have around. And in some cases, the tractor or tractors are old family heirlooms of sentimental value, it could be just, "a tractor like Dad had". In essence, tractors are fun and satisfying--but not essential to life, except for farmers. It's quite likely the value of tractors will change some according to their vintage or era of practical use, and this change will be caused by the changing desires and personal wants of the buying public. But, like cars, there will be the perennial classics that do nothing but appreciate and there will be "character favorites" that will probably appreciate as they become older,i.e."Johnny Poppers", "Cute Little Cubs",etc.
And, if it isn't outlawed by clean air edicts, or EPA fanatics or some other "do-good group", tractor pulling will demand all the tractors of those types that have respectable reputations generated by their competitive records. So that will create a demand for the "bluebloods" of the powerfamous tractors,i.e.Ollie 88's, Farmall M's, JD G's,etc. In plain talk-if the world don't end, tractors that are worth a d---, will just cost more, it can't be any other way.

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Old-Dutch

01-19-2002 15:25:06




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 Re: value of tractors in future in reply to terry, 01-19-2002 07:59:35  
Terry, got to tell you this for what it's worth. Don't have any idea how old you are, doesn't make any difference. Tell you what I worked on a good many of those old pieces of iron. My thinking has always been that when you really think about it, they were made simple so that if you had a little common sense you could work on them and if the need arose you might even be able to make something to keep it working. Well now stop and think about all of the new tractors they are making, how far down the road do you think they are going to last. I'm talking upkeep, maintenance, and procuring parts just to keep them operable. The price just gets higher and parts harder to find. The new technology has the farmer right where they want them under the old trade it off and buy new, it's just to expensive to fix. You know what? I think those old ones are going to be around a long, long time and get better with each passing decade. Nuff said.

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Bill Smith

01-19-2002 12:39:05




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 Re: value of tractors in future in reply to terry, 01-19-2002 07:59:35  
People tend to like the stuff they grew up with from the music they listened to, to the cars and tractors they were around and drove, even on down to the activities they were involved in such as fishing and hunting or golf. If you never golfed all your life you probably wouldn't enjoy it when you are say 65 or 70 years old. As people get older they enjoy say driving the same tractor they drove as a kid more so than driving a lot bigger newer one that is computerized and they know nothing about. You hit the nail on the head about the old model T's. They are worth money as an antique point of veiw but the interests of them by people that grew up with them is about gone becuase that generation is about gone or getting to old to fart around with an old car. Antique tractors will probably hold there value fairly well becuase of the antique nature but for an investment point of veiw you would be way better off doing something else with your money. I think the most saught after decade of tractor intersest will keep bumping up just as it has been doing for atleast a few more decades. I thought it was at a standstill myself when people were after the 1930's and 40's tractors but you know I believe that is changing. People now seem to be turning their interests up to the 1950's and 60's. The smaller internationals from the 50's are of strong interests right now as well as say the earlier JD4020's of the 60's are bringing as much as or more than they did when new. The legendary farmall H and John Deere B of the 40's were hot for awhile but if you have noticed some of the interests has faded away the last few years. Alot of people remember a more mechanical tractor as a kid now (one with 3 point, live clutch, power steering, 12v system, and improved hydraulics) and prefer those tractors over the ones from the 40's. I myself grew up with an outdated H farmall (becuase I am only 26) and have have several antique and classic tractors now becuase of that. Had I not been around that H as a kid I probably would have alot newer tractors now. The value I suspect will hang in there on them but I deffinately don't aim to get much more out of them 20 years from now versus now. It is diffinately the interests that will fade but the being more of an antique will make the difference up. Just my 2 cents worth.

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cheg

01-19-2002 11:23:56




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 Re: value of tractors in future in reply to terry, 01-19-2002 07:59:35  
I try to be optimistic about antique tractors. I think they will increase in value. The modern tractors of today will be very hard to restore 30 years from now. They contain too much computerization for the hobbiest. Therefore, the antiques will become more valuable.



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F14

01-19-2002 10:39:44




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 Re: value of tractors in future in reply to terry, 01-19-2002 07:59:35  
Well, from an 'investment' standpoint, 99.9% of the tractors owned by folks like us aren't worth what we put into them, and won't ever get that way.

On your other point, my F14 is "before my time", being a 1938 model. When I was a kid, the tractors I drove were in the 1945-1955 bracket. Still, I find I can 'relate' to it quite well, tho I'd hate like heck to have to try and farm 160 acres with it.

When I assume room temperature, I guarantee none of my kids will give a damn about it, and it will get sold at auction, probably for scrap metal prices.

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SUSIE

04-12-2005 09:37:10




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 Re: Re: value of tractors in future in reply to F14, 01-19-2002 10:39:44  
PLEASE WATCH YOUR LANGUAGE, AS THERE ARE MANY STUDENTS THAT VISIT THIS WEBSITE. THANKS



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