Posted by NY 986 on March 04, 2009 at 10:14:16 from (166.217.172.195):
In Reply to: Equipment prices posted by jayinNY on March 04, 2009 at 09:23:38:
I think a lot of it is scarcity of good used iron. Guys I know that go out to the Midwest tell me the selection has become very poor. Last I knew, production numbers for combines and over 100 hp tractors peaked in the late 1970's. Accordingly, you have fewer units turning up as trades, resales, auctions, etc.. Most farmers are running more hours on a unit. Getting hard to find tractors and combines that are 10 plus years old with under 3000hrs (tractors) and 1000 hrs (combines). With profits tightening back up, farmers will probably hold units longer. Still can find quality tillage tools as farmers go increasingly no-till. Conversely, no-till drills bring a premium (my dream still denied). We are finding on our farm we are stretching lifetimes on equipment much longer than we originally anticipated. It helps if you can give yourself a 2 + year headstart to find a replacement if you don't need to commit your money elsewhere.
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