Ag Talk | Agriculture.com
Reply
Frequent Contributor
ChrisGrains
Posts: 57
Registered: ‎01-30-2012
0

2007 JD 7520 Tractor Sells for More Money on Ohio Auction Than Owner Paid for it 5 Years Ago

This is such a great story by Machinery Pete! http://blog.machinefinder.com/8601/2007-jd-7520-tractor-sells-for-more-money-on-ohio-auction-than-ow... 

 

This 2007 John Deere 7520 tractor with 451 hours sold for $90,000 on a June 16, 2012 farm retirement auction in southwest Ohio. Owner Barney Yeager paid $86,000 for this tractor brand new 5 years ago.

 

You know its going to be a “hot” auction when 2 bidders show up at the sale via helicopter.

 

The farm retirement auction I’m talking about was a June 16, 2012 sale near Hillsboro, OH in the southwest corner of the Buckeye state. A very nice line of equipment on this retirement auction, but (2) items in particular really drew bidder attention:

 

* 2007 JD 7520 MFWD tractor with only 451 hours

* 2011 JD 1780 6/11 split-row planter

 

The 2007 JD 7520 tractor sold for $90,000, a new record sale price for any JD 7520 I’ve seen sold at auction without a loader. Owner Barney Yeager paid $86,000 for this tractor new 5 years ago in 2007.

 

So how did the JD 1780 planter sell? Well, Barney paid $41,800 for it brand new last year. It sold for $41,000 on the auction June 16th.

 

Folks, that’s pretty amazing stuff, to see a 1-year old planter sell at auction at that close to the new retail price. Another sure sign of how extremely “hot” the market has been for really good used 6-row planters since August 2011.

 

And $90K for the 5-year old JD 7520 tractor? If you’ve been following by breadcrumb trail of blog posts and columns you know what I’ve been saying about the used Tractor market for quite a while now…..”ON FIRE“.

 

Not even helicoptor blades could put out the fire. Looks like they only fanned the flames.

 

 

Ag lover who likes to travel
Subject Author Kudos Posted
This is a topic with new unread messages 0 ‎06-19-2012 12:53 PM