Farm Equipment Auction Results & Market Insights for October 2024

This article will cover some equipment auction sales from October 2024, including 724 equipment auctions and over 19,000 lots advertised nationwide throughout the month. We’ll also highlight top auction sales for specific make/models across equipment categories and average dealer listing prices. 

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Before going over the auction results, let’s look at this month’s “Ask Andy” segment, along with some market trends for October and November.

Ag equipment market trends for October/November 2024 

In October, the used agricultural equipment market continued to reflect fluctuating values, driven by a mix of sustained oversupply and regional demand shifts. Row crop tractors saw some stabilization, though larger models like John Deere’s 8R series still faced pressure due to oversupply, with prices declining by around 15% in most regions. Smaller row crop models experienced a slight recovery, suggesting that demand for mid-range and versatile tractors is starting to pick up as farmers prepare for upcoming planting seasons.

Combines and other harvesting equipment continued their downward price trend, with the Case IH 8250 and John Deere S780 experiencing further declines as auction inventories remained high. In contrast, John Deere’s S790 and X9 1100 held relatively steady, indicating that high-end, newer models are somewhat insulated from the oversupply impacting older units. Class 7 and 8 combines, however, continued to lose value, particularly in regions where harvest activity was delayed, which further dampened demand.

Sprayers displayed a mixed performance, with self-propelled models seeing slight price stability due to increased demand for mid-size units, especially in regions with active off-season crop maintenance needs. Overall, the auction results from October underscore the ongoing need for dealers and farmers to strategically evaluate their buying and selling decisions, as the market continues to adjust to seasonal demand fluctuations and inventory levels.

“Ask Andy”: How will the Farm Act impact equipment prices?

Tractor Zoom’s Director of Insights, Andy Campbell, analyzes the current movement of the Farm Act and how it might impact equipment values heading into 2025 if payments are distributed before the end of the year.

 

If you’re an equipment dealer interested in discussions with industry leaders that focus on strategies, trends, and stories from the ag equipment industry (or if you just like to listen in to these kinds of discussions), subscribe to Tractor Zoom’s Beyond the Hood podcast, where new episodes are released every other week.

With these trends in mind, let’s look at a few of last month’s top-selling equipment at farm equipment auctions around the country.    

Equipment auction results for October

The following are highlights from this month’s farm auction results, featuring top or near-top sales of popular equipment for this season. To find a specific auction company, search our Equipment Auctioneers page and filter by region and state. And to find equipment of all makes and models at dealerships and upcoming auctions, search our used farm equipment page. 

Row crop tractors

Fastline Auctions in Kentucky sold a 2021 John Deere 8R 410  tractor with 1,840 hours on October 15, 2024, for $252,500. This was the highest sale price for this particular make and model at auction this month.

Specs for this John Deere 8R 410 include:

• Condition: Average
• Hours: 1,840
• Drive: MFWD
• HP: 410
• Rear PTO: Yes
• More: E23 ILS suspension, weight package, premium cab, LED lighting package, cooler, radio, guidance ready, 1840.1 hours showing at time of listing, power shift transmission; front tires: 420/85R34, rear tires: 480/80R50. Extended Warranty available until 10/25/2027 or 5000 hours whichever comes first.

In the past month, the average listing price of John Deere 8R 410 tractors at dealerships with between 1,500 and 2,000 hours was $210,058. Find more used John Deere tractors and other large tractors for sale online at Tractor Zoom.

Mid-sized utility tractors

Ulmer Auction in North Dakota sold a 2018 John Deere 6155R tractor with 2,025 hours for $141,475 on October 7, 2024. 

Specs for this John Deere 6155R tractor include:

• Condition: Good
• Hours: 2,025
• Drive: MFWD
• Rear PTO: Yes
• HP: 155
• More: John Deere 6155R w/loader and duals. Tractor has warranty until March of 2027, 640R loader with bucket, bolt-on cutting edge, and grapple; 6.8L 6-cyl diesel 155HP, Michelin tires 420/90R30 front and 480/80R46 rear with duals. 6-Rear counterweights, 3-rear hydraulic valves, 540/1000 PTO, 3-point, large quick-hitch, S/N: 1RW6155RVT032551, GPS-ready, DirectDrive ECO.

In the past month, the average listing price of John Deere 6155R  tractors at dealerships with hours between 2,000 and 2,500 was $146,622. Find more John Deere tractors for sale and other farm tractors for sale at Tractor Zoom.

Class 9/10 combines

Musser Bros. in Washington sold a 2017 Case IH 9240 combine with 2,391 hours for $212,500 on October 29, 2024. 

Specs for this Case IH 9240 combine include:

• Condition: Average
• Class: 9
• Hours: 2,391
• Sep Hours: 1,830
• Drive: PRWD
• More: 600 hours on new engine completed this spring by JTI. Fuel type: Diesel; engine hours: 2,391; rotor hours: 1,830; display: AFS Pro 700; options: Hydrostatic, buddy seat, AC, heat, hopper extensions; serial number: YGG233441

In the past month, the average listing price of Case IH 9240 combines at dealerships with separator hours between 1,500 and 2,000 was $153,600. Browse available combines for sale online on Tractor Zoom, including used Case IH combines.

Grain carts

DPA Auctions in Nebraska sold a 2013 Kinze 1500 grain cart for $66,250 on October 2, 2024. 

Specs for this Kinze 1500 grain cart include:

• Condition: Average
• Capacity: 1,500 bu
• More: 2013 Kinze 1500 Grain Cart (PD4506) 2013 Kinze 1500 Grain Cart (PD4506), 1,500 bushel capacity, side discharge, 36 inch rubber tracks, hydraulic folding auger, roll tarp, Scale 1,000 PTO; new auger on the unit.

Browse available harvest equipment for sale online on Tractor Zoom.

Construction: Skid steers

Pate Auction Inc. in Montana sold a 2021 Caterpillar 272D3 skid steer with 856 hours for $48,000 on October 8, 2024.

Specs for this Caterpillar 272D3 skid steer include:

• Condition: Average
• Hours: 856
• More: CAT diesel engine, showing 856 hours, ERops, AC, backup camera, 4WD, ride control, auxiliary hydraulics, 2-speed, 7′ bucket, good rubber

In the past month, the average listing price of 2021 Caterpillar 272D3 skid steers at dealerships was $70,000. 

Tractor Zoom has a wide variety of skid steers for sale listed online or sold at dealerships and auctions across the country. 

Construction: Compact track loaders

McGrew Equipment Company in Pennsylvania sold a 2018 Caterpillar 299D compact track loader with 1,331 hours for $47,000 on October 22, 2024.

Specs for this Caterpillar 299D compact track loader include:

• Condition: Average
• Hours: 1,331
• More: Hours: EROPS, 1331 hours, heat & air, pilot controls, 2 speed, high flow AUX hydraulics, rear camera, 95 HP Caterpillar diesel, 88” tooth bucket, hydraulic SSL Quick Attach, 18” rubber tracks, 3200 LBS lift capacity, 11,275 LBS operating weight

In the past month, the average listing price of 2018 Caterpillar 299D compact track loaders at dealerships was $33,000. 

Tractor Zoom has a wide variety of compact track loaders for sale listed online or sold at dealerships and auctions across the country. Browse our full selection of Caterpillar equipment for sale and other used construction equipment for sale near you.

Find ag equipment auctions across the U.S. on Tractor Zoom, and search for a specific piece of used farm equipment with our convenient site search tools. Inventory is updated every night, so be sure to check back if you can’t find what you’re looking for. 

Use our equipment loan calculator to get an estimate on what you’ll need ahead of time and make your ag equipment financing process smoother.