Category: Uncategorized

  • Justin ARE GPS UPGRADES WORTH IT ON USED FARM EQUIPMENT?

    Thinking about adding auto-steer or GPS to your older tractor or combine? Here’s why more Midwest farmers are turning to precision upgrades—and how it can pay off big when margins are tight.

    Farmers get it better than most: fewer passes, fewer mistakes, fewer wasted inputs—that’s what keeps a farm running lean and profitable. And in a year where every seed and drop of diesel counts, adding GPS or auto-steer to used equipment might be one of the best decisions you can make.

    At DPA Auctions, we’ve helped producers stretch their dollars for over 50 harvests. We know it’s not always about needing the latest paint—it’s about the work getting done right. Adding GPS tech—like steering systems, planters with shutoffs, or variable-rate controls—to a used rig can turn yesterday’s machine into tomorrow’s money-maker.

    Still not sure it’s worth the price? Let’s talk real numbers:

    • Farmers upgrading used planters with row-by-row shutoffs report saving 5–10% in seed costs. On 1,000 acres, that’s several thousand bucks back in your pocket.
    • Sprayers with section control reduce chemical overlap—protecting your soybeans and your wallet.
    • Combines with GPS yield mapping make harvest smarter, not harder—helping you store, sell, and plan better in 2025.

    Of course, GPS upgrades aren’t free. Factory kits or new displays can be pricey. That’s where smart buyers get creative—shopping online equipment auctions for affordable, late-model tech or even complete GPS-ready machines. It’s not uncommon to grab a full auto-guidance setup—monitor, receiver, and harnessing—for 60-70% off dealer costs.

    Here’s when upgrading usually pays:

    • You farm consistent acres year to year (so efficiency gains keep adding up).
    • You plan to keep the used machine for 2–5 more seasons.
    • You’re looking for long-term savings—not just a quick fix.
    • You want better control over seeding, spraying, or harvest efficiency.

    Plus, if and when you trade up later, GPS-equipped machines almost always hold more resale value.

    Bottom line: Precision upgrades make a lot of sense when you’re working with reliable used iron—and you can find trusted deals without leaving your farm.

    Ready to make smarter passes this year? Check out DPA Auctions’ upcoming sales for used tractors, combines, and GPS gear—your next upgrade might be just a click away.

    🛰 Shop GPS-ready machines and upgrade components now at DPA Auctions.

  • Test ARE GPS UPGRADES WORTH IT ON USED FARM EQUIPMENT?

    Thinking about adding auto-steer or GPS to your older tractor or combine? Here’s why more Midwest farmers are turning to precision upgrades—and how it can pay off big when margins are tight.

    Farmers get it better than most: fewer passes, fewer mistakes, fewer wasted inputs—that’s what keeps a farm running lean and profitable. And in a year where every seed and drop of diesel counts, adding GPS or auto-steer to used equipment might be one of the best decisions you can make.

    At DPA Auctions, we’ve helped producers stretch their dollars for over 50 harvests. We know it’s not always about needing the latest paint—it’s about the work getting done right. Adding GPS tech—like steering systems, planters with shutoffs, or variable-rate controls—to a used rig can turn yesterday’s machine into tomorrow’s money-maker.

    Still not sure it’s worth the price? Let’s talk real numbers:

    • Farmers upgrading used planters with row-by-row shutoffs report saving 5–10% in seed costs. On 1,000 acres, that’s several thousand bucks back in your pocket.
    • Sprayers with section control reduce chemical overlap—protecting your soybeans and your wallet.
    • Combines with GPS yield mapping make harvest smarter, not harder—helping you store, sell, and plan better in 2025.

    Of course, GPS upgrades aren’t free. Factory kits or new displays can be pricey. That’s where smart buyers get creative—shopping online equipment auctions for affordable, late-model tech or even complete GPS-ready machines. It’s not uncommon to grab a full auto-guidance setup—monitor, receiver, and harnessing—for 60-70% off dealer costs.

    Here’s when upgrading usually pays:

    • You farm consistent acres year to year (so efficiency gains keep adding up).
    • You plan to keep the used machine for 2–5 more seasons.
    • You’re looking for long-term savings—not just a quick fix.
    • You want better control over seeding, spraying, or harvest efficiency.

    Plus, if and when you trade up later, GPS-equipped machines almost always hold more resale value.

    Bottom line: Precision upgrades make a lot of sense when you’re working with reliable used iron—and you can find trusted deals without leaving your farm.

    Ready to make smarter passes this year? Check out DPA Auctions’ upcoming sales for used tractors, combines, and GPS gear—your next upgrade might be just a click away.

    🛰 Shop GPS-ready machines and upgrade components now at DPA Auctions.

  • Are GPS Upgrades Worth It on Used Farm Equipment?

    Thinking about adding auto-steer or GPS to your older tractor or combine? Here’s why more Midwest farmers are turning to precision upgrades—and how it can pay off big when margins are tight.

    Farmers get it better than most: fewer passes, fewer mistakes, fewer wasted inputs—that’s what keeps a farm running lean and profitable. And in a year where every seed and drop of diesel counts, adding GPS or auto-steer to used equipment might be one of the best decisions you can make.

    At DPA Auctions, we’ve helped producers stretch their dollars for over 50 harvests. We know it’s not always about needing the latest paint—it’s about the work getting done right. Adding GPS tech—like steering systems, planters with shutoffs, or variable-rate controls—to a used rig can turn yesterday’s machine into tomorrow’s money-maker.

    Still not sure it’s worth the price? Let’s talk real numbers:

    • Farmers upgrading used planters with row-by-row shutoffs report saving 5–10% in seed costs. On 1,000 acres, that’s several thousand bucks back in your pocket.
    • Sprayers with section control reduce chemical overlap—protecting your soybeans and your wallet.
    • Combines with GPS yield mapping make harvest smarter, not harder—helping you store, sell, and plan better in 2025.

    Of course, GPS upgrades aren’t free. Factory kits or new displays can be pricey. That’s where smart buyers get creative—shopping online equipment auctions for affordable, late-model tech or even complete GPS-ready machines. It’s not uncommon to grab a full auto-guidance setup—monitor, receiver, and harnessing—for 60-70% off dealer costs.

    Here’s when upgrading usually pays:

    • You farm consistent acres year to year (so efficiency gains keep adding up).
    • You plan to keep the used machine for 2–5 more seasons.
    • You’re looking for long-term savings—not just a quick fix.
    • You want better control over seeding, spraying, or harvest efficiency.

    Plus, if and when you trade up later, GPS-equipped machines almost always hold more resale value.

    Bottom line: Precision upgrades make a lot of sense when you’re working with reliable used iron—and you can find trusted deals without leaving your farm.

    Ready to make smarter passes this year? Check out DPA Auctions’ upcoming sales for used tractors, combines, and GPS gear—your next upgrade might be just a click away.

    🛰 Shop GPS-ready machines and upgrade components now at DPA Auctions.

    FarmSmarter #PrecisionAg #UsedEquipment #DPAAuctions #AutoSteerSavings #ROIinTheCab

  • Crop Talk – Mar 31, 2025

    Construction and heavy equipment sales in North America are cooling off from recent record highs. Industry forecasts show that after a smaller-than-feared dip in 2024, equipment sales are expected to fall further in 2025. In North America, 2024 saw a 5% drop in unit sales as the market came off three years of record demand. Fleet owners had stocked up on new machines in 2021–2023, leading to “saturated” fleets full of late-model equipment. Now, with interest rates high and business confidence shaky, a sharper 2025 slowdown is anticipated, exacerbated by the administration’s import tariffs and unpredictable policy environment.


    U.S. Federal Reserve policy is keeping interest rates elevated, leaving farmers wary about financing ahead of spring planting. Last week the Fed held rates steady, but economists warn of uncertainty ahead. Farm groups are pushing for relief through legislation like the ACRE Act to reduce producers’ loan costs.


    As spring planting nears, fertilizer markets are seeing mixed signals. Prices for some fertilizers have inched up, notably potash, amid looming tariff threats in the global trade backdrop. Nonetheless, many fertilizer types are still cheaper than a year ago. On the bright side for producers, diesel prices have fallen, providing some relief on the fuel front as farmers grapple with generally high input costs.


    Trade frictions with China are escalating, raising alarms in U.S. agriculture. The U.S. Trade Representative signaled concern over China’s dominance in ocean shipping and is weighing new port fees on Chinese carriers, which could disrupt U.S. meat exports via West Coast ports. Administration’s “America First” agenda may impose fees on Chinese-built ships, a move backed by shippers but one that could increase costs for American farmers (e.g. higher fertilizer and seed costs).



  • High Power Tractor Remains High Value Despite High Inventory

    Back in June, we published an article addressing the surge in inventory levels within the agriculture equipment market. This increase was instigated by the post-pandemic recovery initiatives, prompting manufacturers to compensate for the previously diminished equipment inventory. The scarcity of equipment had previously elevated the value of both new and used items in the market. However, the subsequent influx of inventory led to an overall decline in value.

    This was a trend that was predicted to go beyond summer and even continue into 2024, with Sandhills Global reporting back in August that the market industry-wide was trending towards equipment decreasing in value. A few months later, we see that most of those trends have come to fruition, as equipment auction values and asking prices are down. There is one exception to this downward shift, however:

    High Horsepower Tractors.

    As of the November 6th report by Sandhills Global, the value for used 300+ Horsepower Tractors has remained stable and even increased despite major inventory growth. The report stated that inventory levels rose 3.29% since September, with asking values rising by 0.27% and auction. Values by 0.66% during that same time frame. Since October of last year, inventory has risen by 84.19%, with the asking price up 10.47%. Since last year, it should be noted that auction values are down by 0.86%. However, that is still a surprisingly low decrease, considering how high inventory levels have risen.

    Other auction sites have noted this trend, seeing that asking and auction values remain steady or high despite the major inventory increase. While this can be attributed to a shifting market, and the value will cool down and trend downwards again, it might not do so until after December.

    That makes the remainder of 2023 a prime time to auction off a used high-horsepower tractor before asking, and auction values catch up with the rest of the agriculture equipment market and correspond with inventory numbers.

    If you’re interested and looking for a trusted auction resource that wants to work with you and help you get the most out of your used equipment, reach out to our team here at DPA Auctions. We stand out from the competition as the premiere platform for selling and buying used farm equipment, empowering buyers and sellers alike with friendly, intentional, and honest. With DPA Auctions’ expertise in the auction industry, sellers can navigate this market landscape with confidence, maximizing their chances of a successful sale. Don’t miss out on this opportunity—choose DPA Auctions for your equipment buying and selling needs.

  • The History of Auctions

    Auctions have always been a staple of marketplaces and public forums, dating back to being utilized in ancient times. It allowed for a gathering of the community to purchase and bid on products, with the products at auctions ranging from priceless art to cars. It has a rich history that spans several cultures and eras of world history and continues to be a staple in American rural and farm communities.

    While certainly existing before, the start of auctions as we know them today can be attributed to the Roman Empire, which adapted the process from the Greeks. Rome is noted as the start, however, as it was the first entity to officially license auctioneers. A famous story often told concerning auctions is possibly the biggest auction to have ever taken place, where, following the assassination of an Emperor, the Praetorian Guard auctioned off the entire Roman Empire to the highest bidder in 193AD, leading to wealthy and affluent senator Marcus Severus Julianus, who won it against the father-in-law of the last emperor, Titus Sulpicianus. You can read the full story here. From Rome and its vast influence, the culture of auctions was spread and continued on long past its fall and went on to be utilized by countries throughout Europe and beyond.

    Auction culture was brought to America with the first Pilgrims and brought to the expanding colonies an easy means of selling land, crops, and farming equipment to one another. It remained a popular medium as the colonies gained their independence, with long auction lists spanning taverns across 1700s America. George Washington was considered an avid attendee of auctions, as were many of his peers. As the US grew and expanded, auctions remained a focal point in towns and cities. In the mid-1800s, following the Civil War, military colonels would sell off loot and surplus supplies from the campaigns. Since only Colonels could conduct these auctions, a tradition formed where some auctioneers would dress and be referred to as colonels. In 1906, the Jones’ National School of Auctioneering and Oratory was founded in Davenport, Iowa, to train and license professional auctioneers. Popularity waned during the 1930s, however, as the Great Depression hit the world and wouldn’t rebound until after World War 2 in the 1950s. 

    Auctions would see another transformation in the 1990s, as technology such as fax machines, phones, and better access to picture-taking became more readily available. Auctions burst onto the internet scene very early on, with Ebay being founded in 1995. The integration of technology allowed auctioneers to better streamline the process and expand their potential audience tenfold. While before, auctions were constricted to being in a physical building in a part of town, now people from across a region could see and participate in purchasing art, land, and other valuable objects.

    While the mode of auctioning has changed a lot over the past several, the heart of the auction has always remained, especially in the rural and farming spheres. Auctions have become a lot more than a means to purchase or sell an item: it was an event that brought people together. Whether family or friends, it presented a time for the community to gather, share drinks, and catch up with each other again. It was a time of interpersonal connection, which has become a point of worry with the transition from in-person to online.

    This is an area where DPA Auctions stands firmly in keeping the familial community aspect alive. We strive to stand out as a friendly and familial resource in the auctioning industry. Coupled with blunt honesty and a genuine desire to help, our representatives want to help you ensure your auction is successful and will work with you in every aspect of the process. For us, its more than an auction: it’s about forming that lasting relationship.

  • Farm Equipment is Innovating

    Agriculture is undergoing a remarkable transformation in the modern era, thanks to the fusion of traditional farming practices with cutting-edge technology. Agriculture Technology, or AgTech, has led to unprecedented advancements in farm equipment and technology, helping farmers automate some of their more time-consuming tasks, help with resource allocation, and in the long term, save farmers money while still generating high crop yields. While the introduction of robotics and AI into the agriculture sector has introduced a lot of different innovations, from farming options in urban areas to utilizing drones, modern AgTech is making farm equipment more efficient.

    Automation 

    Smart technology, assisted by AI, is helping farmers automate menial tasks. What used to eat up hundreds of hours and require a lot of manpower before can now be done automatically with a machine, freeing the farmer and his staff to complete other jobs that need to be done or focus on more pressing matters. Companies such as John Deere have already jumped into the robotics scene, with their first fully automated tractor and tiller coming soon.

    There are a lot of benefits that come with automation, such as helping farmers address staffing issues. According to Plug and Play, the cost of labor makes up for over 50% of the expenses of growing a farm. Combined with the labor shortage, being able to automate some of your processes could go a long way in freeing up both money and time to focus on growing your farm. Automation also allows for higher crop yield, as we will touch on later when we reach precision.

    An example of how farm equipment is helping automate farming, other than self-driving tractors, is the Carbon Laserweeder. Using software that can identify over 500 million weeds across 40 different crops, the equipment uses precision lasers to burn the weeds and leave the crop untouched, saving farmers the time and grueling manual labor it usually takes to hand-weed fields (Here is a video to see it in action, it’s really cool!). It is also a cheaper and healthier alternative to using herbicides.

    Precision 

    Beyond equipment and robotics, AI and software are helping make farm equipment more precise. It is a valuable market that only continues to grow, with a report by Grand View Research, Inc. predicting that the precision agriculture market will reach $43.4 billion by 2025. As farmers look to grow their operations and take on bigger crops, these new innovations can become an invaluable asset to help farmers regulate resources, assist in tasks (such as the Laserweeder being able to identify types of weeds instantaneously), and maximize crop yields.

    An example would be Clarity™ by Precision Planting, a planter upgrade that acts as an advanced flow and blockage monitoring system. The upgrade allows farmers to see more exact, high-definition details when it comes to the flow of seed and dry fertilizer. Clarity improves overall performance and was built to be compatible with sensor equipment farmers already have.

    Another example is Farmwave, a camera-based upgrade for combines that helps reduce crop waste by monitoring loss autonomously and informing the farmer why and where it’s happening. Early users of the upgrade reported saving up to $8,000 worth of crop yields thanks to the software.

    Drones

    Farms are already harnessing the power of innovative technology and drones. As of 2023, the agricultural drone market is at $3.807 million and expected to grow to $14.237 million by 2033 with a CAGR increase of 14.1%, according to Fact.mr. They are increasing in popularity thanks to their versatility for small and large farms alike. Drones can fill numerous functions, from monitoring field conditions to fertilizer and seed distribution, helping automate tasks that used to take a lot of time and money to accomplish. Most recently, drone and machine learning AI technology are merging to help with crop monitoring.

    A cool application that shows off the potential of both AI and drone tech would be its seed distribution and planting technology. In an article by Evening Star, drone technology was highlighted in efforts to replant depleted tree populations. Now it’s estimated that with ten drones and two human operators, 400,000 trees could be replanted a day. If, at this stage, drones with human operators are able to accomplish this, it’s not hard to imagine the application to agriculture and field planting.

    As technology continues to evolve and innovate, farmers can streamline their operations and make the most of their time and money. Whether it’s purchasing new or upgrading their existing equipment, farmers are given more opportunities to scale their farms and increase crop yields.

    Whether you’re looking to sell your old equipment or purchase used machinery for your fields, DPA Auctions is here to help! Our dedicated team is ready to help you evaluate and sell your equipment and get you the money to put towards some new farm machinery. Our approach is rooted in building strong relationships and treating our clients like family, with your success as our top priority.

    Ready to make the most of your equipment investment? Reach out to us today and discover why DPA Auctions is the premier choice nationwide for selling your equipment. We look forward to showing you the difference we can make for your auction experience.

     

  • Seize the Opportunity: Selling Your Trucks on Auction

    In the ever-evolving world of post-pandemic adjustments, the market for used trucks is experiencing a shift. While it’s true that inventory levels are on the rise, there are signs that prices are starting to flatten out. This presents a window of opportunity for sellers to act and capitalize on the current market conditions.

    During the pandemic, when new truck production slowed down, the demand for used trucks soared, driving up their value. However, as the market has begun to balance itself out with the resumption of new equipment production, selling values have gradually decreased, offering buyers the chance to secure excellent deals and sellers the opportunity to upgrade to newer equipment.

    Industry statistics reveal that the market continues to favor buyers, indicating that sellers should take advantage of the current state of affairs. Trends suggest that truck values will continue to decrease heading into the next year, making it crucial for sellers to act promptly.

    While projections from CCJ Digital indicate a potential 40% drop in the truck market by year-end, it’s important to note that delaying the sale may result in extended waiting periods for a better time to sell. In line with this data, Sandhills Global’s analysis, based on their vehicle sales index, reveals a notable rise in semi-truck inventory levels, with an increase of 14.63% between April and May, and an impressive 41.49% growth since May 2022. Correspondingly, auctioning values have decreased by 30.12% since May 2022.

    Considering these insights and CCJ’s findings, it’s evident that auction values for semi-trucks will continue to decline throughout the year. Therefore, acting now becomes paramount. Delaying the sale further will only result in greater depreciation of your truck’s value. When it comes to choosing an auction company that can maximize your investment, look no further than DPA Auctions.

    At DPA Auctions, we prioritize the needs of our sellers and work closely with them to ensure they get the most out of their equipment. We offer comprehensive appraisal services, effective marketing strategies, and streamlined paperwork processes. Our approach is rooted in building strong relationships and treating our clients like family. Your success is our top priority, and we demonstrate that commitment through our conduct and business practices.

    If you’re ready to seize the opportunity and maximize your truck’s investment, contact us today! Discover why DPA Auctions is the premier choice nationwide for selling your equipment. We look forward to showing you the difference we can make for your auction experience.

  • Retail and Used Equipment Inventory Rising Good for Everyone

    Recent 2023 market reports show that farm equipment inventory is rising across the board, spelling an excellent opportunity for potential buyers and sellers alike to start paying attention to auctions. With this rise occurring in both used and retail markets, the overall value of the equipment is dropping. This drop signals the perfect time for buyers interested in used and new equipment to see what they need. 

    According to Sandhills Global, inventory levels rose across the board for everything from trucks and trailers to construction equipment and farm machinery. When inventory is up, values for said equipment also tend to drop. For example, in a May report concerning rising inventory, Sandhill’s stated that a 4-year-old sleeper truck initially worth $120k this time last year was now valued at nearly a third of that, going for $80k YOY. This continues a 20% dip following the value rise/low inventory between 2020 and 2022. It should be noted that, while still being part of this overall dip, farm equipment is holding steady, only dropping 0.29% from April, while the value is 6.37% higher than last year. 

    This value dip is excellent news for buyers, who can go into auctions knowing they can get a great deal on farm equipment. This can also be viewed as great news for the seller. Despite the drop in value (which is still higher than it was in April of last year), the state of the market means that your equipment might start at a lower value but has a higher potential of being bought. On top of that, rises in inventory for the used equipment market usually signal the same in the retail market. If you want to purchase new equipment, selling your old equipment to buy new retail might be in your best interest. 

    Given the current market conditions, DPA Auctions stands out as the premiere platform for selling and buying used farm equipment. Sellers can capitalize on this market trend and attract a larger pool of potential buyers, while buyers can look at getting affordable used equipment. With DPA Auctions’ expertise in the auction industry, sellers can navigate this market landscape with confidence, maximizing their chances of a successful sale. Don’t miss out on this opportune moment—choose DPA Auctions for your equipment buying and selling needs.

  • How to Prepare Your Equipment for Sale at an Auction

    At first glance, preparing for an auction may seem like a daunting task with many risks involved. While tensely waiting for the big auction day, there are many questions that come to mind, such as how you can make sure your equipment sells at a price that makes the investment worth it. People won’t want what you’re selling if it appears to be in bad condition or is going at a price that would make it more worthwhile to simply buy it new. That’s why preparing accordingly in the weeks ahead of the auction is crucial. It could determine whether someone puts that bid you need on your equipment.

    Research

    Knowing what you’re getting into ahead of an auction is essential. What exactly are you supposed to research, however?

    Equipment: Before you do anything, you need to understand the equipment you are looking to sell. It would be best if you asked yourself a few key questions:

    • What is the year/model of your equipment?
    • What condition is it in?
    • Is there market demand?
    • Are there any unique features or upgrades?
    • Will repairs need to be done before or by the time of the sale?
    • What is the history of your equipment?
    • What is the going price for used/new versions of your equipment?

    Auction: It’s essential to understand the process and timetable of the auction, as preparations can take a few weeks, as well as be able to sit down and form a positive relationship with the company you will be doing business with.

    It’s also important to understand that there will be costs going into the auction before the sale. Understanding the initial investment, percentages, and what marketing packages are available to you is vital as you construct your budget and determine whether auctioning your equipment at this time is a good step or not.

    Equipment Appraisal

    Once you are confident you have all the information you need and have confirmed you want to commit to going to the auction, the next step is making sure your equipment is ready.

    When you went through the checklist in your research, you should have noted the equipment’s condition and if it needs repairs. It might be worth investing some money to repair and touch the equipment up. Eventually, pictures need to be taken of your equipment, and people won’t want to buy anything that either looks like junk or doesn’t function as intended. Investing a little more in the equipment and touching it up might be what convinces someone to place that bid.

    Meeting with the Auction Rep

    Meeting with a trusted Auction Representative is the next big step in preparing for the auction. While other auction companies have different procedures, they will be able to solidify costs, explain their system in full, and inform you of what else you need to get ready. It’s crucial in this step to ensure that you have a positive attitude and form a good relationship with the auction rep, as they will be the ones helping you throughout the rest of the process.

    Where DPA Auctions Stands Out

    With that in mind, picking a good auction company that cares for you and your equipment as much as you do is essential for this two-way relationship. This is why DPA Auctions strives to stand out as a familial and personable company in the auctioning industry. Coupled with blunt honesty, DPA Auction Representatives want to help you ensure your auction is successful and will work with you in every aspect of the process. We will even help with things like marketing and taking pictures of the equipment personally to ensure we get what we need to sell your stuff.

    If you want to learn more about DPA’s process, check us out and see why we are the best choice in the nation to sell your equipment.

  • Cornering the Tractor Market

    Many factors have impacted the tractor markets these past few years, with the pandemic and fears of a coming recession being some of the more major ones. While some of the negatives have shown themselves, such as with smaller tractors, there have also been surprising increases in value despite these factors and increasing inventory. With tractor values on the rise, now might be the time to analyze if it is time to sell your tractor.

    According to AEM, there has been a market value increase for two specific types of tractors: 100+ HP tractors with two-wheel drive and 300+ HP Tractors. For 100+ tractors, the value grew by 22.8% in the US, showing a continued month-by-month rise that has been increasing throughout 2022.

    300+ HP Tractors have also been on the rise, according to Sandhills Global, which showed them steadily increasing by 1.84% M/M and 12.52% YOY against decreasing inventories, which is down 21.13% from last year. The auction value for used high HP articulating tractors increased by 18.04%, with row crop tractors rising by 16.8%

    Now is the time to examine whether or not you should auction your tractor. With DPA, you are guaranteed to be treated like family, not just a client: we want to give you the best experience possible with enhanced marketing, and streamlined sales through a straightforward, no-hassle auction process. We also offer the lowest commissions in the industry, making you and your equipment our top prerogative.

  • Why The Market is Good to Sell your Farm Equipment (Despite Recession Fears)

    With talks of a coming recession having plagued most of 2022 and continuing to persist into 2023, it’s easy to see why people are hesitant to sell their equipment on the market. With the stability of the market having been in question since last year, stocks plummeted for established equipment companies such as Deere (-6.9%) and Caterpillar (-6%), according to a report from stock research site Seeking Alpha back in June of 2022. The mounting fears have made people resistant to wanting to sell their equipment, wanting to instead weather out the storm that has yet to hit.

    If you look at some of the data, the recession fears are still taking a bit of a toll, though certainly not as bad as it could be. When it comes to heavy duty trucks and semitrailers, values are shifting downward, with an inventory increase of 30.49% from where it was in February of last year. While the numbers show that inventory number is decreasing by over 2% per month, the value the trucks has still taken a hit.

    So why is now a good time to sell your used equipment?

    Despite the fears of recession and contrary to other reports, the market value for used farm equipment has steadily been on the rise. According to Sandhills Publishing, who has done extensive research using their own equipment value index system (EVI), the inventory for farm equipment (ranging from Tractors to Combines) has followed the trend of increased inventory, with the numbers showing an increase of 6.43% per month and 10.61% from where it was last year. Despite this long-term inventory increase, the asking and auction value for equipment remains high, with the auction value showing that equipment value is up by 8.55% from where it was last year.      

    It is important to make the distinction that the value remains higher than it was despite increased inventory, as usual trends show an increase in inventory leads to declining value, as shown with the semitrucks example above. Despite this inventory increase, going against this trend, the value of selling farm equipment is growing from where it was last year.

    We can look at our own auctions to show that people are still able to confidently sell their equipment. Between December 1st of 2022 and our most recent auction at the time of writing this post (February 7th, 2023), we have sold high numbers of equipment. In that time frame, for example, we have been able to sell 62 self-propelled sprayer vehicles were sold. This is compared to during the same period last year where only 50 of these kinds of vehicles were sold.

    With the market trending upward and the predicted recession continuing to be delayed, now is the time to sell off your used equipment, and DPA is ready to help. We offer some of the lowest commissions on the market, while also providing a top of the line, no hassle experience that combines amazing customer service with an all-in-one process that handles marketing, title, and money transfer. There are very few auctioning companies that offer all of these, and that’s because DPA Auctions is family owned and operated, wanting to see all of those who partner with us, both buyer and seller, get the most out of their time and money.

    If you would like to jump on the equipment value trend, or are interested in selling through DPA Auctions, check out our selling page, or contact one of our friendly DPA Representatives. We would love to partner alongside you and see you get the most from your investment.