The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Learn how to better manage your machinery investments from Greg Peterson, a.k.a. "Machinery Pete." He's been researching and analyzing the machinery market for more than 26 years. Let Machinery Pete help you find and value your next piece of farm equipment at MachineryPete.com.
Time to talk CaseIH Magnum 290 tractor values folks.
In the past week I've seen (4) sold at auctions in Mississippi, Indiana, Oklahoma and Iowa. Below is a picture of the 2014 model Magnum 290 with 1,952 hours sold for $97,500 yesterday (Jan. 30, 2019) on a farm auction in Boyle, MS.
On Monday of this week (Jan. 28, 2019) the 2014 model CaseIH Magnum 290 pictured below with 1,300 hours sold for $112,500 on a consignment auction in Leesburg, IN.
And yesterday (Jan. 30, 2019) on a farm auction in Dunlap, IA the 2014 model Magnum 290 pictured below, with only 560 hours on it, sold for $151,000...making it the highest auction price on a CaseIH Magnum 290 tractor in just over 6 years, since December of 2012.
Here's a look at Avg. Auction Price on CaseIH Magnum 290 tractors over the past 4 years with High & Low price for each calendar year.
Avg. Auction Price on CaseIH Magnum 290 Tractors
* Data by http://www.MachineryPete.com
Here's a rundown on actual auction sale prices on CaseIH Magnum 290 tractors over the past year:
Auction Prices on CaseIH Magnum 290 Tractors
* Data by: http://www.MachineryPete.com
On the retail pricing side, the current Avg. Dealer Advertised Price on CaseIH Magnum 290 tractors = $111,416.
Here is a link to (93) CaseIH Magnum 290 tractors for sale today: https://www.machinerypete.com/tractors/175-hp/case-ih/magnum-290