Farm Equipment Auction Results & Market Insights: June 2024

In this article, we’ll cover some equipment auction sales from June 2024, including 577 equipment auctions nationwide throughout the month. We’ll also highlight top auction sales for specific make/models across equipment categories, average dealer listing prices, and the Tractor Zoom “Ask Andy” used equipment values analysis for June. 

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Before going over the auction results, let’s peek inside an onsite auction and discuss some market trends we are seeing in ag equipment sales.

Tractor Zoom visits AgriVision’s onsite inventory reduction auction

On June 28, AgriVision Equipment in Pacific Junction, Iowa, partnered with Rice Auction Company to conduct a simulcast (i.e., with both onsite and online bidders) inventory reduction auction. A few Tractor Zoom team members attended to witness an onsite auction, which has become less common in the past few years, and ask questions to dealers, auctioneers, and attendees.

According to Matt Raasch, Used Equipment Manager at AgriVision Equipment, their auction results exceeded even some of the more optimistic projections. He credited part of this success to buyers being able to view and touch the equipment firsthand, resulting in greater enthusiasm and higher final sales prices despite continued oversupply issues. In fact, one piece fetched the highest auction sale price recorded in June for a utility tractor (see below for details).

View our video highlights of the Rice/Agrivision auction, including dealer and auctioneer interviews, as well as some great auctioneering in action!

Ag equipment market outlook for July/August 2024

The ag equipment market continues to experience a downward shift in prices due to an oversupply of high-use equipment, creating a buyer’s market. However, all segments for ag equipment sales numbers were down compared to the same time last year. Both auctions and dealerships reported increased inventory levels, particularly for row crop tractors and combines, leading to increasingly competitive pricing. 

Total tractor sales for June are down roughly 16% from 2023, while self-propelled combine sales are down 31%. These lower numbers follow a May that also showed a significant slowdown in sales.

Looking ahead, the equipment market is expected to remain challenging, as inventory levels and economic uncertainties will likely keep prices low into the next quarter. Overall, the short-term outlook into 2025 points to continued pressure on equipment prices, with potential for stabilization as inventory levels balance out and economic conditions improve.

For more details on current market conditions and an outlook into the next few months, watch Tractor Zoom’s 2024 Summer Farm Equipment Market Update webinar video

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. 

Auction equipment results for June

The following are highlights of 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 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

Witcher Auctions in Arkansas sold a 2023 John Deere 8RX 340 tractor on June 27, 2024, for $452,000. This was the highest sold price for this particular make and model at auction this month.

Specs for this John Deere 8RX 340 include:

• Condition: Good
• Hours: 731
• Drive: MFWD
• HP: 340
• Rear PTO: Yes
• More: 6-cylinder diesel engine, cab, front weights, Q/H, 3pt, drawbar, 6 remotes, 12″ wide rubber tracks w/ fenders.

In the past month, the average listing price of John Deere 8RX 340 tractors at dealerships with hours between 500 and 1,000 was $490,770. Find more used John Deere tractors and other used row crop tractors for sale online at Tractor Zoom.

Utility tractors

Rice Auction Company in Iowa sold a 2023  John Deere 6155M tractor with 51 hours for $175,000 on June 28, 2024. Tractor Zoom employees attended this onsite/online hybrid auction in Pacific Junction. See some highlights of this auction.

Specs for this John Deere 6155M tractor include:

• Condition: Good
• Hours: 51
• MFWD
• Rear PTO: Yes
• HP: 155
• More: Buddy seat, CHA, electric joystick, mid-mount hydraulics, loader auxiliary hydraulics, 3 rear remotes, 3 point. Sold with an 8ft bucket. 540/1000 PTO.

In the past month, the average listing price of John Deere 6155M tractors at dealerships with hours between 1 and 500 was $177,788. Find more John Deere tractors for sale and other used farm tractors online at Tractor Zoom.

Compact tractors

Enlow Tractor Auction in Oklahoma sold a 2022 John Deere 5090E tractor for $60,500 on June 5, 2024. 

Specs for this John Deere 5090E tractor include:

• Condition: Average
• Hours: 5
• MFWD
• Rear PTO: Yes
• HP: 90
• More: CHA, 4wd, 3hr, power reverser, dual remotes, S#076775 jd 520m ldr, 24spd. Warranty good until 2025.

In the past month, the average listing price of John Deere 5090E tractors at dealerships with hours between 1 and 500 was $68,583. Find more used tractors for sale, including all makes and models of used compact tractors, online at Tractor Zoom.

Combines

Wheeler Auctions in Illinois sold a 2023 John Deere X9 1000 combine with 395 hours for $450,000 on June 20, 2024. 

Specs for this John Deere X9 1000 combine include:

• Condition: Good
• Class: 9/10
• Hours: 395
• Sep Hours: 263
• Drive: PRWD
• More: ProDrive XL transmission, 260 KW variable speed feeder house, Contour Master with Hyd Fore/aft, chopper w/powercast tailboard (deluxe residue package), power-folding hopper, 31’ power-folding unload auger w/adjustable spout, extended wear X-series dual separator, extended wear grain handling, extended wear round bar concaves, deep tooth shoe, Gen 4 display with Autotrac and Rowsense, Ultimate Suspension Package, Ultimate Cab Package, Ultimate Technology Package-Advisor, Ultimate Visibility Package, Signature Edition.

In the past month, the average listing price of John Deere X9 1000 combines at dealerships with separator hours between 1 and 500 was $691,813. Browse available combines for sale online on Tractor Zoom, including John Deere combines.

Harvesting equipment: Row headers

Wheeler Auctions in Illinois sold a 2023 John Deere C12F row header with 12 rows for $98,000 on June 20, 2024. 

Specs for this John Deere C12F row header include:

• Condition: Average
• Rows: 12
• Spacing: 30
• More: John Deere C12F Stalkmaster corn head, 2023 12R30″, Stalkmaster, S-Series hookup, stalk deflectors on all rows, active end fenders, opposed knife stalk rolls.

In the past month, the average listing price of 2023 John Deere C12F row headers at dealerships was $182,500. Browse available harvesting equipment for sale online on Tractor Zoom, including used John Deere harvest equipment.

Construction: Skid steers

Aschoff Auction in Nebraska sold a 2018 Gehl V270 skid steer with 235 hours for $50,000 on June 8, 2024.

Specs for this Gehl skid steer include:

• Condition: Average
• Hours: 235
• More: Hand controls, hyd quick tach, cab heat/air, 2 speed, 72” bucket.

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