New Tractor prices, how fast have things escalated?

[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.