OLDER 12-ROW CORN HEADS HOLD­ING THEIR VALUE

Successful Farming - - MACHINERY - By David David­son, Iron So­lu­tions

Pre­dictabil­ity and farm­ing don’t ex­actly go hand in hand. Weather, geopol­i­tics, com­mod­ity prices, and other fac­tors make the grower’s busi­ness prob­a­bly one of the tough­est to fore­cast.

In this is­sue, I’m tak­ing an in-depth look into pric­ing and val­u­a­tion his­tory for 12-row corn heads from Case IH, John Deere, Massey Fer­gu­son, and New Hol­land as re­ported by deal­ers and auc­tions across North Amer­ica from 2012 through sum­mer of 2018. The 2018 new sell­ing price is es­ti­mated based on new sell­ing price trend av­er­ages in 2016 and 2017.

Crunch­ing all these num­bers pro­duces a sur­pris­ing price trend – or lack of a trend.

Com­par­ing val­ues of 3-, 5-, and 8-year-old corn heads over the last seven years shows the 8-year-old heads hold­ing steady near $40,000 when com­pared with the 3- and 5-year-old heads that have a larger spread in their val­u­a­tions.

The val­u­a­tion range for the 8-year-old heads has the small­est span of only $4,806 from the low of

$39,008 in 2012 (2004 mod­els) to the high of $43,814 in 2017 (2009 mod­els).

Con­versely, the 5-year-old heads have the largest span of prices of $12,256. Their val­ues ranged from $47,375 in 2012 (2007 mod­els) to a high of $59,361 in 2014 (2009 mod­els).

So, while this may not in­di­cate pre­dictabil­ity, a rel­a­tively flat line like the one for 8-year-old corn heads here stands out. When con­sid­er­ing your own corn heads, keep in mind that these are av­er­ages. Fea­tures like chop­pers, fold­ing heads, con­tour sen­sors, and oth­ers are be­com­ing more com­mon. The preva­lence of these fea­tures typ­i­cally will push the av­er­age used val­ues up. Keep this in mind as you com­pare your own ex­pe­ri­ence and how you’re equipped.

Won­der where your header stacks up against this? Get a free val­u­a­tion at Agri­cul­ture.com/what­sit­worth and check out the cur­rent list­ings, or list your corn head at IronSearch.com.

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