Re: It takes years?
Quote:Close friend of mine bought a Trinity belt trailer new 11 years ago for 35,000 sold it last month for 32,000. Go figure
Intesting statement, there, Silagehauler.
Most of the active posters here, are really too young to remember just 27-37 years ago, when just about every major piece of farm machinery did just that. Unless something was literally wrecked or worn-out, it was nothing to see 5-15 year old combines bring as much as or even a little more than they sold brand-new for! Example given; a 1975 John Deere 6600 was purchased by a good friend of mine [bought new] for $22, 500 something. It was labeled as a corn, grain model. He upgraded to a new Model 7720 in 1979 or 1980, and sold the still cherry 6600 for $27,000 [talked down from $29,500]. This was in north central Texas, too.
I still remember old Model 45's to 95's in the back row of what was then Settle Equipment Co. in McKinney, TX, in 1977, priced at $6,500 to $13,000 something.
Somewhere around 1985, with the surge of farm foreclosures, bank land-grabbing gone amuck, further depressed commodity prices, etc, the bottom started to fall out of the once mighty, fully appreciable used farm equipment market. Combines and other harvesters or seasonal-use machines were hit the hardest. I watched in horror as rows of once valued combines sold at maybe only 10 percent of what that dealer had asked for, only 1-2 years before. Many went to scrap/salvage or worse. I suppose any farmers who wanted a combine just got one, even if they really did not know what to do with it, once it got home. Yes, I saw my share of that, too, here in Oklahoma. We only use our combines for one main crop, with only a percentage of combinable fall crops here.
