:max_bytes(150000):strip_icc()/Deerepic4paula-2-2000-d0bc52231d1e48a8a886a98790d76134.jpg)
The market for late-model used planters has undergone a major retraction in the past two years with the bulge of available units dropping to a third of their supply. This reduction is being caused by the fact that dealers have been successful in ridding themselves of late-model used inventory, while, at the same time, the sale of brand-new planters (particularly in the 2015 to 2018 period) has been slow. This has created a market situation where late-model implements are in shorter supply, which is driving up their values.
A good comparison of what is happening to planter values can be found in a 2013 model 16/30 Deere 1770 NT that sold at a dealer dispersal sale in central Iowa in December 2017. It brought a final bid of $61,500.
Compare that with the average dealer asking price of $115,100 for 2015 models shown below. True, those 2015s are selling on dealer lots. Dealer asking prices are often 20% to 25% greater than auction values. But that doesn't account for the 53% difference in value.
1770NT
2014
* 16/30
Average price: $88,300
Price range: $62,500 to $102,554
* 24/30
Average price: $120,350
Price range: $108,900 to $137,700
1775NT
2015
* 16/30
Average price: $115,100
Price range: $99,500 to $140,000
* 24/30
Average price: $166,100
Price range: $98,900 to $228,000
2016
* 16/30
Average price: $124,125
Price range: $99,500 to $146,900
* 24/30
Average price: $225,500
Price range: $192,000 to $226,500
2017
* 16/30
Average price: $116,500
Price range: $114,500 to $162,500
* 24/30
Average price: $225,600
Price range: $197,500 to $262,900
2018
* 16/30
Average price: $160,100
Price range: $129,000 to $190,100
* 24/30
Average price: $210,000
Price range: $179,500 to $264,900
2019
* 16/30
Average price: $174,600
Price range: $135,000 to $282,500
* 24/30
Average price: $253,000
Price range: $199,850 to $294,900
