Equipment Notebook: Used Equipment Balers

By L. Sorensen Used Equipment - Balers If you’re looking at acquiring a used baler this year, some figures from the last two years may help assess whether or not auction prices or private sales are a fair deal or a bargain. Quite a number of 500 series John Deere balers were reported sold in 2008. The highest priced model was a 567 that went for $19,000 in Illinois. The 567 series were manufactured between 2000 and 2006 and produced a 62x72” round bale. The machines were twine ties and suggested new price was $26,630. An average low auction price has been $9,600 and a high average auction is listed at $27,500. One other 567 sold in April 2008 went for $12,500 in Minnesota. A 567 reported sold in Minnesota in April 2009 went for $16,000. It was the only 567 reported sold this year. It’s difficult to speculate on whether or not the price was similar to or below the 2008 average without seeing the machine and knowing for sure which year it was manufactured, but the prices seem to be pretty comparable. Just one John Deere 566 was reported sold in April 2008. That baler went for $9,500 at a Nebraska auction. The 566 was manufactured between 1997 and 2000 and produces 60x72” round bales. It is also a twine tie. Suggest new price for the balers were $25,903. A low auction price for the 566 is set at $4,500. High is $16,250, so it sounds like this Nebraska auction hit a nice middle ground with that price. Two John Deere 566 balers were reported sold in April 2009. One brought $8,400 at a Texas auction. The second sold for $8,500 in Wyoming. Depending on the condition of the balers, it sounds like the buyers found a pretty good deal. John Deere 535 balers were fairly popular in 2008. One sold in Oklahoma for $4,500. A second went for $7,300 in Minnesota and third reported sale was $9,500 in Minnesota. The 534 balers were manufactured between 1989 and 1996. They produce a 61.6x72” round bale and are double twine tie. Suggested new price was set at $21,060. An average low auction price is listed at $1,500 and high is $13,500. With an average auction price set at $5,929, it looks like two of these balers brought good auction prices and the third was at least a fair price. A John Deere 457, manufactured between 2000 and 2006, went for $8,500 in Pennsylvania in April 2008. The 457 series balers produce a 46x60 round, twine-tied bale. Suggested new price was $18,306. A low auction price is listed at $6,900 and the high side is $11,500, so this baler brought exactly the average auction price of $8,500. No 457 balers were reported sold in April 2009. Two New Holland BR780 series balers were reported sold at auction in 2008. The BR780 was manufactured between 2002 and 2005 and produces a 61.5x 36-72” round bale with a twine tie. A BR780 sold in South Dakota in April 2008 brought $12,000. The one sold in Minnesota that same month brought the same price - $12,000. Several New Holland BR780 series balers were reported sold in April 2009. The highest priced BR780 reported sold in April was purchased at a Wyoming auction for $19,000. One Minnesota auction saw a BR780 sold for $13,000 and a second Minnesota auction reported a BR780 sold for $10,000. The cheapest BR780 was sold in Wyoming for $9,000. The low average auction price for the BR780 is listed at $8,500. High is $21,000 and average is $14,593. A BR780A reported sold in April 2008 in South Dakota brought $17,000. This model was manufactured between 2006 and 2007 and produces a 62x72 twine-tied bale. It listed new for $27,290. A low sale price is listed for $17,000, high at $21,000 and average at $19,000. Looks like the buyer may have found a bargain. Another popular New Holland model in 2009 was the 850. The 850 Electric Wrap was made between 1976 and 1978. It produces a 66x66 round twine-tied bale and listed $7,465 new. The four reported sold went for $300, $350 and two at $400. Average auction sale prices weren’t listed, and it isn’t known if the models sold were electric or manual wrap. The 850 Manual Wrap was also manufactured between 1976 and 1978. It produces the same 66x66 round twine-tied bale and listed new for $7,235. No 850s were reported sold in 2008 so there were no figures to compare. Some other interesting New Holland baler sales figures in April 2008 included a 688 series that sold for $9,250 in Indiana. The 688 was manufactured between 1999 and 2002 and produces a 61.5x70 round twine-tied bale. It listed new for $26,765. A low auction price is listed at $8,250, high at $15,500 and average at $9,306. No 688s were reported sold in April 2009 so no figures to compare. Looks like the used baler market is weathering the economic storm so far and demand is pretty steady.