Machinery Used Farm Equipment Value of late-model planters is on the rise There aren’t as many used planters in inventory as there were two years ago. By Dave Mowitz Dave Mowitz In 1982 Dave came to Successful Farming as a senior editor first covering agronomic topics and then machinery. He went on to serve the nation's farmers as executive editor of Successful Farming Magazine and editor of the Ageless Iron Almanac, a bimonthly publication covering the hobby of agricultural collectibles. Dave recently retired from the Successful Farming family but continues to serve the organization as a contributing editor. Successful Farming's Editorial Guidelines Published on April 21, 2020 Close 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. 1770NT2014 * 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 1775NT2015 * 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 Was this page helpful? Thanks for your feedback! Tell us why! Other Submit