Used Farm Machinery Market Increasing in Popularity

Jan 29, 2013

Used Farm Equipment Market - Steady Growth Over the Last 10 Years

The used farm machinery market, most notably tractors, has seen a steady growth over the past decade. Used tractor values have gone up in recent years, which was especially apparent in 2012. Experts predict that the increased value for used tractors isn’t expected to stop anytime soon. For the used farm machinery market as a whole, it’s encouraging to see the value of used tractors grow over the past 10 years.

There are a number of factors that have contributed to the value increase in tractors. One factor is the price point on new farm machinery, especially tractors. Technology has played a pivotal role in the evolution of farm equipment and newer tractors tend to have the newest technology. Used farm equipment if well taken care of, can last forever and doesn’t lose value as quickly has other vehicles such as cars and trucks. While used farm equipment is still expensive, it’s often substantially less expensive than buying a brand new tractor.

There are several great places to look for used farm equipment including auctions, online and through various ads. If you are a farmer in Ontario you would be familiar with the very popular publication – AgBuyer’s Guide.

Video: Winter Service Inspections for John Deere Equipment - The FarmCast Ep64

The FarmCast, host Troy Randall speaks with Doug Luedke, Vice President of Service, and Davin Peterson, Executive Vice President of Aftermarket at 21st Century Equipment, to discuss the importance of proactive service and how it helps farmers reduce downtime during their busiest seasons. The conversation focuses on the Winter Service Inspection Program, a comprehensive approach designed to keep equipment running at peak performance and limit costly in-season breakdowns through preventative maintenance and expert technician support.

Doug and Devin explain how 21st Century Equipment’s service teams have evolved to meet the needs of today’s connected machines. With more technology and data integrated into modern equipment, technicians now play a vital role in both mechanical repairs and precision ag support. Through advanced diagnostics, machine monitoring, and John Deere’s Expert Alerts, they can identify and address potential issues before they become major problems—saving customers valuable time, money, and frustration.

Throughout the discussion, the team shares real-world success stories demonstrating how proactive inspections and customer-focused service help maximize uptime and efficiency for every operation. Whether it’s a large tractor, combine, or small mower, the goal remains the same: to provide trusted, reliable support that helps farmers and landowners stay productive and confident in their equipment year-round.