New Tractor prices, how fast have things escalated?

[Crazed98Camaro]

Hi all,

I'm in the market for a ~70hp utility tractor. I have 75 acres, 40 tillable and will be starting a equine boarding facility, so mostly cutting, raking, baling hay and spreading manure. The terrain is hilly, but not steep.

I am looking at the Massey 2607H, CNH Workmaster 70 / 70A and Kubota M6060 / 7060. The Kubota's seem pretty scarce by me, I have only been able to find the Massey and CNH's on lots anywhere within 2 hours.

I generally buy used, but finding what can fit my needs and budget seems to prove difficult. I am looking to finance as I will be buying used implements.

I received a quote on the 2607H and its around $48k. I am reading through reviews here and posts from 1.5 years ago mention it being ~$42k. A Workmaster 70 on the lot here is advertised at $38k, but the financing I got was near 11% APR, and with Massey offering 0% for 60 months, I am compelled to look their way.

I haven't been in the market for a while, and I know everything has risen sharply recently. I guess I just want to ensure I'm getting the best deal that I can and am not overlooking something.

Appreciate any insight!

 

[mike69440]

Kubota pricing is hard to get your head to comprehend. Yanmar I like, Branson, MF, CNH/LS, Mahindra, Kioti maybe also.

 

[Cahaba Valley Farm]

Hi all,

I'm in the market for a ~70hp utility tractor. I have 75 acres, 40 tillable and will be starting a equine boarding facility, so mostly cutting, raking, baling hay and spreading manure. The terrain is hilly, but not steep.

I am looking at the Massey 2607H, CNH Workmaster 70 / 70A and Kubota M6060 / 7060. The Kubota's seem pretty scarce by me, I have only been able to find the Massey and CNH's on lots anywhere within 2 hours.

I generally buy used, but finding what can fit my needs and budget seems to prove difficult. I am looking to finance as I will be buying used implements.

I received a quote on the 2607H and its around $48k. I am reading through reviews here and posts from 1.5 years ago mention it being ~$42k. A Workmaster 70 on the lot here is advertised at $38k, but the financing I got was near 11% APR, and with Massey offering 0% for 60 months, I am compelled to look their way.

I haven't been in the market for a while, and I know everything has risen sharply recently. I guess I just want to ensure I'm getting the best deal that I can and am not overlooking something.

Appreciate any insight!

The best thing you can do is wait right now. This industry is headed for a major downturn.

 

[drumminj]

The best thing you can do is wait right now. This industry is headed for a major downturn.

However, "the market can remain irrational longer than you can remain solvent"...basically, even if you may be right, the timing may not work in your favor.

Not specific to tractors, but personally I stopped putting my life on hold waiting for things to rationalize, as I can't control the behavior of other people. I've paid more than I "should" for a bunch of things, but I realize the trade-off I'm making.

Sorry, OP, no direct advice for you, but sounds like you're doing the right things - being as prudent as you can in a time of irrationality. Prices are definitely up, but several posts here seem to indicate dealers may have more inventory these days, so maybe there's some softness in pricing coming.

 

[Bullwinkle123]

In speaking with my Kubota dealer this spring, he said the price of my MX5400 had gone up 3 times since I bought it two years before. And judging by the fact that he's had no inventory to speak of and can never tell me when things will arrive (always "months", and "maybe as late as next year"), well, safe to say supply is low and demand is high, as are prices. I've bought two attachments in that time that he couldn't supply me even though in years past he would have been able to provide it.

Good luck. Maybe it's better now, I've been out of touch.

 

[Saucymynx]

I have no comment on brands except to say that I am very pleased with my LS. My question for you is, do you think the tractors you mentioned will be heavy enough and powerful enough for what you want to do? Each one of them is in the 5500 pound range, give or take. Load up the tires and you’re probably getting close to 7000 pounds. Even still, pulling a square baler on hilly ground might be a bit of a struggle. The baler is going to toss your tractor around a bit as well. My tractor weighs in at around 10,000 pounds and my NH 575 sure lets me know it’s back there when the hay gets thick. I started out with a 73 horse tractor and very quickly realized it wasn’t enough. You might think of a smaller tractor with a loader for your day today utility work and a larger machine for the heavy stuff. You could go new on the little one and used on the big one and probably come out the same as what you’re looking at. I have a Ford 2610 with a loader that I use for most of the day today work, leaving the big tractor for hay work and blowing snow. Just a thought

 

[thebmrust]

If you have a need now, then you should buy now.

I have been contemplating for two years now and prices keep going up or stock doesn’t exist in our area. Had we bought when we first said “we might need a tractor” we would have the thing nearly paid off and have a heck of a lot more projects done. But we waited… actually still wait. My wife said it best… “Not having a tractor is costing us time. We can’t get time back. But we can finance a tractor and invest in time.”

 

[Cahaba Valley Farm]

If you have a need now, then you should buy now.

I have been contemplating for two years now and prices keep going up or stock doesn’t exist in our area. Had we bought when we first said “we might need a tractor” we would have the thing nearly paid off and have a heck of a lot more projects done. But we waited… actually still wait. My wife said it best… “Not having a tractor is costing us time. We can’t get time back. But we can finance a tractor and invest in time.”

When the time is right you will make the investment

 

[Rdrcr]

Tractor prices rising isn’t a new phenomenon. I researched new prices of specific models and found, regardless of economic conditions, prices have been rising for decades. It isn’t new and will not change…and I’ll continue to monitor prices out of shear curiosity.

Mike

 

[5030]

Just keeping pace with inflation.

 

[Williy]

The K & S tractor dealer in Lubbock, TX
the one I deal with even tho John Deere is
only 25 miles away and 120 to Lubbock
Mike said the the Yanmar Rep told him that
Yanmar can now supply the small dealers as
they have plenty of tractors.
K&S deals with LS & Yanmar tractors

Do you have a Deutz dealer near you?

willy

 

[mo1]

Hi all,

I'm in the market for a ~70hp utility tractor. I have 75 acres, 40 tillable and will be starting a equine boarding facility, so mostly cutting, raking, baling hay and spreading manure. The terrain is hilly, but not steep.

I am looking at the Massey 2607H, CNH Workmaster 70 / 70A and Kubota M6060 / 7060. The Kubota's seem pretty scarce by me, I have only been able to find the Massey and CNH's on lots anywhere within 2 hours.

I generally buy used, but finding what can fit my needs and budget seems to prove difficult. I am looking to finance as I will be buying used implements.

I received a quote on the 2607H and its around $48k. I am reading through reviews here and posts from 1.5 years ago mention it being ~$42k. A Workmaster 70 on the lot here is advertised at $38k, but the financing I got was near 11% APR, and with Massey offering 0% for 60 months, I am compelled to look their way.

I haven't been in the market for a while, and I know everything has risen sharply recently. I guess I just want to ensure I'm getting the best deal that I can and am not overlooking something.

Appreciate any insight!

A couple years ago I was looking for the same size of tractor for many of the same uses you are- primarily haying, but also cutting field edges and ditches with a cutter, and general miscellaneous utility work. I was also looking for a used machine but anything remotely like what I was looking for got sold immediately before I could even call about it. I ended up with a Deere 5075E. It is a stouter tractor than the Kubota M7060 and Workmaster 70/Farmall 70A and pretty equivalent to the Workmaster 75/Farmall 75A in sturdiness and features but generally can be had for a little less money than the CNH units run. I can't say much about Massey-Fergusons as there is almost no dealer support around here and thus nobody has one newer than a 135.

I guess I can give you some points of reference, I was quoted $36k for an open station MFWD Workmaster 70 with a loader a couple of years ago. A Kubota M7060 set up the same way was quoted at the same price. An open station MFWD Deere 5075E with a loader was $38k, cabbed MFWD with a loader was $48k, and a 2WD 5075E with no loader was $25k. A cabbed Farmall 75A with a loader was $43k and that was the only configuration they had at the time.

 

[Torvy]

Your prices are woefully out of date. The 5075e with MFWD and a loader is well over $45k with ROPS.

 

[Hay Dude]

Surprised with so many parts & assemblies now made in China, even entire tractors, that prices haven’t stayed the same or even gone down.

 

[dodge man]

I also have no great advice but when I bought my much smaller than you are looking for John Deere 3 1/2 years ago they offered pretty good discounts. Those have gone away plus they have raised list price. From what I see people are paying 10% to 15% more these days. If you need a tractor now you really can’t wait but if you have a few weeks you can keep shopping.

 

[Learning2Tractor]

However, "the market can remain irrational longer than you can remain solvent"...basically, even if you may be right, the timing may not work in your favor.

Not specific to tractors, but personally I stopped putting my life on hold waiting for things to rationalize, as I can't control the behavior of other people. I've paid more than I "should" for a bunch of things, but I realize the trade-off I'm making.

Sorry, OP, no direct advice for you, but sounds like you're doing the right things - being as prudent as you can in a time of irrationality. Prices are definitely up, but several posts here seem to indicate dealers may have more inventory these days, so maybe there's some softness in pricing coming.

I've been waiting for the big turndown or economic destruction for decades. I guess 2008 was one.

I also have no great advice but when I bought my much smaller than you are looking for John Deere 3 1/2 years ago they offered pretty good discounts. Those have gone away plus they have raised list price. From what I see people are paying 10% to 15% more these days. If you need a tractor now you really can’t wait but if you have a few weeks you can keep shopping.

What happens in a few weeks? Do you mean because the year ends?

 

[dodge man]

Maybe a great deal pops up in the next few weeks, nothing special happening that I can think of.

 

[hornett22]

A lot of people are retiring or just leaving the rat race. Getting away from cities and tyrannical blue states. Lots and land in the country around me are selling constantly. I'm amazed at all the places that have sold and are being built on.

These people need/want tractors and have money. I don't see a downturn anytime soon.

 

[rScotty]

Hi all,

I'm in the market for a ~70hp utility tractor. I have 75 acres, 40 tillable and will be starting a equine boarding facility, so mostly cutting, raking, baling hay and spreading manure. The terrain is hilly, but not steep.

I am looking at the Massey 2607H, CNH Workmaster 70 / 70A and Kubota M6060 / 7060. The Kubota's seem pretty scarce by me, I have only been able to find the Massey and CNH's on lots anywhere within 2 hours.

I generally buy used, but finding what can fit my needs and budget seems to prove difficult. I am looking to finance as I will be buying used implements.

I received a quote on the 2607H and its around $48k. I am reading through reviews here and posts from 1.5 years ago mention it being ~$42k. A Workmaster 70 on the lot here is advertised at $38k, but the financing I got was near 11% APR, and with Massey offering 0% for 60 months, I am compelled to look their way.

I haven't been in the market for a while, and I know everything has risen sharply recently. I guess I just want to ensure I'm getting the best deal that I can and am not overlooking something.

Appreciate any insight!

That's a lot of acreage and tillage+hay vs working around a horse facility are two different & complementary jobs.

BTW, I agree with what DRUMMINJ wrote back in post #4, & think it is worth repeating,

"the market can remain irrational longer than you can remain solvent"...basically, even if you may be right, the timing may not work in your favor.
Not specific to tractors, but personally I stopped putting my life on hold waiting for things to rationalize, as I can't control the behavior of other people. I've paid more than I "should" for a bunch of things, but I realize the trade-off I'm making."

Back to tractors, I always generally buy used very sucessfully, but I haven't tried to buy used recently. Maybe things have changed. I used to look for high quality used equipment and thought of it as buying something proven and with the bugs worked out. The money saved was a bonus. You still can do that, more about it in the next paragraph. Of course you do want to buy your implements used, and even more so if you enjoy simple mechanical things. I can't think of much more rewarding mechanically than old implements. They are usually worn, not broken. Parts are easy, not too heavy or oily.

I can see you ending up with two tractors: An Ag field tractor in the 65 to 110 hp range for tillage and hay but with a cab and category II 3pt.
There is no reason in the world why that field tractor cannot be a semi-retired farm tractor...This is where the sweet spot is in used tractors, for lots of reasons. You can even go as far back as things like the John Deere 4020 - a much valued classic. No emissions, traditional quality, no computers.. mechanical but with all modern features.
It would be nice if your field tractor also had a serious FEL.... and even nicer if that loader was detachable. Or at least the bucket was. You are going to need a tractor withy a loader that can pick up a horse, but don't want the weight of a front bucket when you are doing field work.
As said, the larger size Ag tractor is the sweet spot pricewise in the used market right now. Your dollars will buy a lot of very nice machines.That is because most of the rural movement is to smaller acreages.
Large size will also get you more hill side stability. In tractor talk, "hilly = way steeper than you thought". .

Having that field tractor then gives you a backup both ways and a whole lot more latitude in a 30 to 40 hp "chore" tractor for use around the faciilty. The chore tractor will be the one used every day. This is where I would buy new. Most of the brands are OK; Kubota is the standard of comparison. The chore tractor will be used inside and in close quarters for cleaning stalls and running hay and bags of feed around such so probably better without a cab.
It should have: HST or shuttle shift, Cat I 3pt is OK, a stout loader with SSQA, remote hydraulics front and rear, no cab. Get some sort of utility blade or box for the back just to start. Good lights.

Good Luck,
rScotty

 

[VIEWQUEST]

I have an LS XU5065 with self leveling loader in case you're interested. Barely used. Less than 150 hrs on it.