Re: IH winter convention, Iowa

Posted by AG in IN on February 04, 2012 at 07:05:14 from (67.236.114.234):

In Reply to: IH winter convention, Iowa posted by sflem849 on February 03, 2012 at 05:31:49:

rustyfarmall said: (quoted from post at 14:16:57 02/04/12) W.Brehm said: (quoted from post at 19:02:26 02/03/12) rustyfarmall said: (quoted from post at 23:42:58 02/03/12) sflem849 said: (quoted from post at 11:18:16 02/03/12) W.Brehm said: (quoted from post at 10:40:44 02/03/12) Check Craigslist I've found parts on there. Expect to pay anywhere $100 and up. Don't listen to other comments like "I wouldn't pay more than $80 for a pair." Everyone has different opinions on what they'll pay for something. Then I will go to Jackel Bros Salvage in Ft Atkinson and buy them for $80 all day long and sell them to you for $100. I remember when they were $55 for a pair and I couldn't believe they were $80 now. I think it is the idiot scrap iron buyers that are driving the price up. I don't think they realize that $100 for a set of weights that weigh just 300 pounds isn't going to pencil out at the scrap yard. :lol: :lol: It all pencils out in the end. Scrap iron buyers are the middle man, that's why they can drive the price up. If we take something to junk yard were being paid the current rate, then the scrap yards sells it off to the smelter which there paid a higher price. It works the same way as these places that buy gold and silver. Because my father-in-law has a coin shop, he buys gold & silver then takes it to the smelter. It takes 6 full sets (12 weights) to equal a ton. A ton of scrap iron will net you $200 at the scrap yard. If you PAID $100 per set, it would cost you $600 to get enough of them to equal a ton. Now tell me how THAT is going to pencil out?

Heavy cast pays considerably more at local scrapyards than a scrap tractor, implement, or car. They get more for it when they haul it away, too. Especially in those split-rear weight sizes and smaller. If you would have 5+tons, they might pay a little more yet.

That doesn't mean you or I can scrap weights at those prices and make money. A yard might be able to pencil it out and then some, the average guy can't.

Alot of scrapyard owners or their employees are also going to more and more farm auctions now. That's why a 2-bottom plow will bring $25-50 or more over "scrap price" if the yard owner/employee is buying/bidding on it. At those prices, they're still making money. They'll never pay you or I that extra $50 even if we haul it in to them. They'll never pay you or I $600/ton for wheel weights, either, but they can make money paying that or close to that, especially if they come up with a semi-load of them.

AG

This post was edited by AG in IN at 07:16:54 02/04/12 3 times.

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