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Lon(MN) 
Orange Level
Joined: 11 Sep 2009
Location: Merrill Wi
Points: 2032
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 Topic: Crop prices and collecting
Posted: 14 Nov 2019 at 8:13am |
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Do Crop prices affect the price of early farm equipment? Some say the price of crops have everything to do with the price of old farm tractors and equipment. I know two farmers with large collections, but I know 10 others with large collections that have never farmed. I think folks have a personal connection to their collection and the price of corn does not matter. Any thoughts?
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AC7060IL
Orange Level
Joined: 19 Aug 2012
Location: central IL
Points: 3530
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Posted: 14 Nov 2019 at 8:33am |
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If the item for sale is still being considered for current farm use, then YES crop pricing largely affects its sale price. If a collector is bidding, then NO or NOT SO MUCH.
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JayIN
Orange Level
Joined: 18 Dec 2009
Location: SE/IN
Points: 1982
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Posted: 14 Nov 2019 at 8:34am |
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Crop prices definitely affect the prices of antique tractors and equipment. I would say 75% of the buyers have a connection to agriculture. $8 corn caused a flurry of activity. Disposable income!
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sometimes I walk out to my shop and look around and think "Who's the idiot that owns this place?"
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Gary Burnett
Orange Level Access
Joined: 11 Sep 2009
Location: Virginia
Points: 3075
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Posted: 14 Nov 2019 at 11:31am |
 JayIN wrote:
Crop prices definitely affect the prices of antique tractors and equipment. I would say 75% of the buyers have a connection to agriculture. $8 corn caused a flurry of activity. Disposable income! |
No such thing as "Disposable Farm Income" any extra needs to be put away to get the farm thru the lean years if you depend 100% on farm income to live on.
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Allis dave
Orange Level
Joined: 10 May 2012
Location: Northern IN
Points: 3042
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Posted: 14 Nov 2019 at 11:58am |
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True, but that doesn't mean they won't buy something they've always wanted, especially if it can be a tax write off.
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Lonn
Orange Level
Joined: 16 Sep 2009
Location: Назарово,Russia
Points: 29805
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Posted: 14 Nov 2019 at 12:09pm |
Allis dave wrote:
True, but that doesn't mean they won't buy something they've always wanted, especially if it can be a tax write off. |
Now we are going to cross into the political so I'll just say this....... It's the way the government wants it. If you make money either you pay 1/3 to uncle sam and get nothing back or you go buy a machine that is useful in some way and it's there for later selling hopefully. It's the federal reserve system and it needs tax slaves. that is all.
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JayIN
Orange Level
Joined: 18 Dec 2009
Location: SE/IN
Points: 1982
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Posted: 14 Nov 2019 at 4:11pm |
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Yes. Correct. I remember. I started farming in 1981. Fun times.....
Edited by JayIN - 14 Nov 2019 at 4:13pm
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sometimes I walk out to my shop and look around and think "Who's the idiot that owns this place?"
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Brian F(IL)
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Joined: 14 Sep 2009
Location: Paxton, IL
Points: 2715
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Posted: 14 Nov 2019 at 4:13pm |
In response to your original question, I think the price of corn does matter. While there are certainly collectors that are not farmers, I think most collectors do have some financial interests tied to agricultural commodities, such as corn. And, I know some collectors that were more active when corn was well over $4 per bushel than they are now.
For some, it's a personal collection, kind of like their guns. If they want something bad enough, they'll find a way to pay for it. And, then most likely never sell it.
Just my opinion...
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allisrutledge
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Joined: 30 Mar 2010
Location: SurgoinsvilleTN
Points: 1360
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Posted: 14 Nov 2019 at 10:36pm |
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I don't know about corn but cattle prices sure affect my farm and antique purchases,I'd suppose corn would do the same.
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Allis Chalmers still exist in my mind and barns
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