Farm Equipment Auction Results & Market Insights: August 2024

This article will cover some equipment auction sales from August 2024, including 552 equipment auctions 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 trends for some of the most popular equipment types selling in August and September, along with our ag equipment news segment, “Trends in 10,” featuring Andy Campbell, Tractor Zoom’s Director of Insights.

Ag equipment market trends for August/September 2024: “Trends in 10”

The agricultural equipment market is currently experiencing notable shifts, especially in tractor supply and pricing trends. Utility tractors have seen a 12% decrease in supply year-over-year, with a steady decline over nine of the last twelve months, pushing prices for lower-value models down by 5-14%. 

Conversely, the supply of high-horsepower tractors (300-425 HP) is up 20%, contributing to a 7-14% drop in auction values. Four-wheel drive tractors have been most affected, with a 45% increase in supply leading to an 11% decrease in auction values. These changes are driven by inventory reductions and fluctuating demand, highlighting the importance of closely monitoring market trends to optimize purchasing strategies. 

As the market continues to evolve, staying informed about supply and demand dynamics will be crucial for both buyers and sellers in the ag equipment industry. Use Tractor Zoom’s blog and our Beyond the Hood podcast as resources to stay informed of current conditions and trends in this dynamic market.

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 August

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

Wheeler Auctions in Illinois sold a 2023 John Deere 8R 340 tractor with 102 hours on August 26, 2024, for $340,000. This was the highest sale price for this particular make and model at auction this month.

Specs for this John Deere 8R 340 include:

• Condition: Good
• Hours: 102
• Drive: MFWD
• HP: 340
• Rear PTO: Yes
• More: 2023 MFWD w/ILS, IVT transmission-40K, 6 hyd outlets, 84 GPM hyd pump, 1000 PTO, 20,000 LB rear lift capacity w/QH, gen 4 command center w/4.0 activations, Signature Series-Ultimate Comfort and Visibility Package, 480/80R50 rear tires, 420/85R34 fronts basic warranty until May 15th, 2024 or 2,000 hours

In the past month, the average listing price of John Deere 8R 340 tractors at dealerships with between 1 and 500 hours was $432,095. Find more used John Deere tractors and other row crop tractors for sale online at Tractor Zoom.

Utility tractors

Zomer Auctions in Iowa sold a 2022 New Holland T7.230  tractor with 279 hours for $170,000 on August 2, 2024. 

Specs for this New Holland T7.230 tractor include:

• Condition: Average
• Hours: 279
• MFWD
• Rear PTO: Yes
• HP: 180
• More: 1 Owner, 278 hrs, 1000 PTO, Intelliview IV monitor, 3 PT, 4 remotes, 520/85R42 Michelin rear tires, front fenders, 16.9R30 front tires, NH 935 LA Loader Quicktach, NH comfort seat, buddy seat, joystick loader control, radio, heat, A/C, high-capacity pump, deluxe cab, steer-ready tractor

In the past month, the average listing price of New Holland T7.230 tractors at dealerships with hours between 1 and 500 was $235,900. Find more New Holland tractors for sale and other large tractors for sale at Tractor Zoom.

Compact tractors

Zomer Auctions in Iowa sold a 2020 Case IH Farmall 75C tractor for $50,000 on August 2, 2024. 

Specs for this Case IH Farmall 75C tractor include:

• Condition: Average
• Hours: 502
• MFWD
• Rear PTO: Yes
• HP: 76
• More: Tractor with loader, L620 Loader, joystick loader control, power shuttle 12 x 12, left-hand reverse, buddy seat, 74″ bucket, skidloader Quicktach, radio, heat, A/C, delux cab

In the past month, the average listing price of  Case IH Farmall 75C tractors at dealerships with hours between 500 and 1,000  was $49,033. Find more Case IH tractors for sale, as well as all makes and models of utility tractors for sale, online at Tractor Zoom.

Class 8 combines

McAuley Auctions in Arkansas sold a 2021 Case IH 8250 combine with 979 hours for $250,000 on August 10, 2024. 

Specs for this Case IH 8250 combine include: 

• Condition: Average
• Class: 8
• Hours: 979
• Sep Hours: 771
• Drive: PRWD
• More: CASE 8250 Year 2021. Great combine in field-ready condition. Everything works as it should. Guidance auto bin extension Chrome edition. LSW 1250/35R46 front tires and all new chopper blades. Has 979 engine hours and 771 separator hours

In the past month, the average listing price of Case IH 8250 combines at dealerships with separator hours between 500 and 1,000 was $418,960. Browse available used combines for sale online on Tractor Zoom, including used Case IH combines.

Class 9/10 combines

Wheeler Auctions in Illinois sold a 2023 John Deere X9 1000 combine with 365 hours for $320,000 on July 27, 2024. 

Specs for this John Deere X9 1000 combine include:

• Condition: Good
• Class: 9
• Hours: 365
• Sep Hours: 234
• Drive: PRWD
• More: 2023 factory tracks, 4WD, Pro Drive XL transmission, 260 KW variable-speed feederhouse w/dual hyd tilt, 28.5’ folding auger w/adjustable auger spout, power folding hoppers, deluxe residue package w/chopper & power tailboard, knife bank adjustment, deep tooth shoe, ext wear round bar concaves, Signature Edition w/ Ultimate cab, visibility, suspension package, and technology advisor-ready package, Gen 4 command center, integrated 7000 receiver, 750/65R26 rear tires, Powertrain warranty until 8-23-26 or 1,500 hours

In the past month, the average listing price of John Deere X9 1000 combines at dealerships with separator hours between 1 and 500 was $677,170. Browse available combines for sale online on Tractor Zoom, including used John Deere combines.

Harvesting equipment: Row headers

Perkins Auctioneers in Texas sold a 2022 CLAAS 16-30 row header with 12 rows for $76,632 on August 14, 2024. 

Specs for this CLAAS 16-30 row header include:

• Condition: Average
• Rows: 16
• Spacing: 30

More: CLAAS 16-30 corn head. Down crop augers, auto pilot, auto contour

In the past month, the average listing price of 2022 CLAAS 16-30 row headers at dealerships was $130,000. Browse available harvest equipment for sale online on Tractor Zoom, including used CLAAS harvest equipment.

Construction: Skid steers

Quarrick Equipment in Pennsylvania sold a 2020 Bobcat S70 skid steer with 864 hours for $35,070 on August 1, 2024.

Specs for this Bobcat S70 skid steer include:

• Condition: Average
• Hours: 864

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