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Machinery and land prices....down?

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  • ajl
    Senior Member
    • May 2008
    • 3254

    Machinery and land prices....down?

    Reviewed some of the prices for combines at the recent RB Saskatoon sale. Seems like some of the combines went quite reasonably compared to prices last spring. Was a few machines that I would have been interested in at the prices they got for them but was not able to make the sale. Even X9 at $805K is quite a bit less that what Brandt has been advertising similar machines for ($1020k). With the small crop this year nobody going to need a new combine. That is what I though too in the spring but our crop will likely be around average with wheat being below and barley above. Couple of parcels of land on CLHbid in this area did not achieve their opening bid this week. They were both mediocre parcels but they are currently being farmed. They totally disappear from the website when the opening bid is not achieved. Has happened numerous times.
  • goalieguy847
    Senior Member
    • Jun 2017
    • 673

    #2
    Originally posted by ajl View Post
    Reviewed some of the prices for combines at the recent RB Saskatoon sale. Seems like some of the combines went quite reasonably compared to prices last spring. Was a few machines that I would have been interested in at the prices they got for them but was not able to make the sale. Even X9 at $805K is quite a bit less that what Brandt has been advertising similar machines for ($1020k). With the small crop this year nobody going to need a new combine. That is what I though too in the spring but our crop will likely be around average with wheat being below and barley above. Couple of parcels of land on CLHbid in this area did not achieve their opening bid this week. They were both mediocre parcels but they are currently being farmed. They totally disappear from the website when the opening bid is not achieved. Has happened numerous times.
    Why were there 2x2022 x9s at an auction? Lemons?
    I know ( due to inquring) about a couple of the yellow combines and a few came from a dealership and they were all " required too much to fix" so dealership just sent them to get sold.
    Pretty cheesy how combine and pickup get split... land in our area ( north edmonton) is still sky high and isnt coming down anytime soon...

    Comment

    • AlbertaFarmer5
      Senior Member
      • Oct 2010
      • 12555

      #3
      I'm not sure that combine prices are the best measure to use, they never did get as frothy as tractors and trucks etc.

      Comment

      • blackpowder
        Senior Member
        • Feb 2010
        • 9311

        #4
        I don't think land will go down in my lifetime. And I think I won't see "cheap" machinery again either. For the next generation to see.
        There are pools of money that see agriculture differently than we do. And those pools are going to get a lot bigger.
        Look around, there will be a lot fewer of us in 20 years. To some degree, end of an era.

        Comment

        • AlbertaFarmer5
          Senior Member
          • Oct 2010
          • 12555

          #5
          Originally posted by blackpowder View Post
          And those pools are going to get a lot bigger.
          Look around, there will be a lot fewer of us in 20 years. To some degree, end of an era.
          That would certainly appear to be the trend, but I've been speculating if it could go the other way, just due to the labour situation.
          It is most definitely an employees market, especially in any field that requires skill, and will remain so for the foreseeable future. I'm not convinced that automation and bigger is going to eliminate the need for humans. Won't it get harder and harder to hire capable competent people to run equipment and manage large farms? And the cost of those people will get so high that it may no longer be profitable to rely on that model at large scale. And won't those people who have the skills and ambition be motivated to be their own bosses instead? If a big farm fails because of lack of skilled labour, could it happen that many smaller players can pick up the pieces.

          Could the same happen in many other industries?

          Comment

          • oldjim
            Senior Member
            • Oct 2009
            • 248

            #6
            Originally posted by goalieguy847 View Post
            Why were there 2x2022 x9s at an auction? Lemons?
            Payments came due.

            Comment

            • Old Cowzilla
              Senior Member
              • Nov 2020
              • 1584

              #7
              Most dealerships swamped with work short on labour getting behind. Combines can need a hundred things to fix or adjust very time consuming. The ones owned by favorite customers getting looked after first. They started this crap when they started billing the SHOP RATE to themselves to make the shop look good. Some places lucky to have 2 ticketed mechanics and rest just wrench pullers but shop rate is same for everything.So if used combine isn't a cherry it go's down the road. I have a tractor that's been sitting at a dealer for a month already and hasn't made it inside yet. Everybody is short of workers.

              Comment

              • blackpowder
                Senior Member
                • Feb 2010
                • 9311

                #8
                A5
                Considering that 95%+ ish of all machinery in the world is operated by employees.
                What happened to the gravel industry when a different culture entered?
                Bushels per acre might suffer but.....
                It's a big world and we're a small piece, for now....

                Comment

                • blackpowder
                  Senior Member
                  • Feb 2010
                  • 9311

                  #9
                  Old Bovine.
                  Corporate separates into individual profit centers. Otherwise how can you measure.
                  Only wages can attract workers. Ag still subpar.
                  Rates will go up.
                  Or see above reference to gravel. Or freight or gas stations or liquor stores.
                  Last edited by blackpowder; Jul 22, 2023, 20:46.

                  Comment

                  • blackpowder
                    Senior Member
                    • Feb 2010
                    • 9311

                    #10
                    It was the land of opportunity for our forefathers. Some may still see it as such in the future. Relatively empty you could say.

                    Comment

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