Case IH combine sells for highest price at equipment auction

Feb 03, 2023

The combine sold after almost 400 bids

Farms.com Auction Report
By Farms.com

A red combine sold for the highest price during a recent machinery auction.

A 2016 Case IH 8240 combine from Alliance, Neb., sold for US$228,000 (CAD$304,620) to a buyer from Georgia after 397 bids during a Feb. 1 BigIron auction.

Specs: 1,619 engine hours, 980 separator hours, Case IH FPT 12.9L 6 Cylinder Diesel Tier 4, 4 Speed Hydrostatic Drive, Variable Speed Header Drive, Lateral Header Tilt, Hydraulic Fore/Aft Reel Adjustment, Single Point Hookup, AFX Rotor, Large Wire Concaves, Electric Concave Adjustment, Manual Sieve And Chaffer Adjustment, Rotary Chopper, Straw Spreader, 410 Bin Extensions, 26’ Unloading Auger Length, 2WD, Goodyear 520/84R42 Front Tires, Goodyear 520/70R28 Rear Tires, Duals, Electric Adjustable Mirrors, Hydraulic Suspension Operator Seat, Guidance Ready, Case IH AFS Pro 700 Monitor, Used On Header Widths Up To 40’.

A 2008 John Deere 8530 tractor from Kennard, Neb., sold for US$210,250 (CAD$281,130) to a buyer from the same state after 251 bids.

Specs: 5,014 hours, John Deere PowerTech 9.0L, 6-Cyl Turbocharged Diesel Engine, 360Hp (Max Engine), Water Cooled, Differential Lock, John Deere IVT Transmission, ILS Front Suspension, GreenStar Ready, Plug & Play Cab, JD StarFire 3000 Receiver, JD 2630 Monitor W/ SF1 & RTK Activation Through 4/7/2023, Large 1000 PTO, (4) SCV’s W/ Power Beyond, 60GPM Hydraulic Pump, Remote 3-Pt Control, JD Quick Attach Cat-3 3-Point Quick Hitch, Drawbar Hitch W/ Hammerstrap, CommandView Cab W/ ClimaTrak, JD Active Operators Seat W/ Heat, Buddy Seat, Heat/AC, AM/FM/CD Radio, Sun Shade, Monitor Bar, Xenon HID Lights, Electric Mirrors, 180 Gallon Fuel Capacity, Block Heater, Front Fenders, Front & Rear Duals, Inner Rear Wheel Weights 1400Lbs/Side, Outer Rear Wheel Weights 1065Lb/Side, (16) Front Mounted Suitcase Weights, Operators Manual, Michelin Agribib 380/80R38 Front Tires, Firestone Deep Tread Radial 23 480/80R50 Rear Tires & Duals.

A 2012 John Deere 7280R tractor from Kennard, Neb., sold for US$182,250 (CAD$243,728) to a buyer from the same state after 322 bids.

Specs: 2,514 hours, John Deere PowerTech 9.0L, 6-Cyl Turbocharged Diesel Engine, 280 Engine Hp, Water Cooled, John Deere IVT Transmission, Diff Lock, ILS Front Axle, AutoTrac Ready, Plug & Play Cab, GreenStar 3 Monitor, Large 1000 PTO, (4) SCV’s, 43GPM Hydraulic Pump, Remote 3-Pt Control, JD Quick Attach Cat-3 3-Point Quick Hitch, Drawbar Hitch W/ Hammerstrap, Premium Command View Cab W/ Suspension, JD Active Leather Operators Seat W/ Heat, Buddy Seat, Heat/AC, Deluxe Radio Package, Sun Shade, HID Lights, Power Mirrors, 138 Gallon Fuel Capacity, Engine Block Heater, Front Fenders, Rear Duals, Inner Rear Wheel Weights 1400Lbs/Side, Outer Rear Wheel Weights 615Lbs/Side, (12) Front Mounted Suitcase Weights, Operators Manual, Firestone Radial All Traction FWD 420/90R30 Front Tires, Firestone Radial All Traction 23 480/80R46 Rear Tires & Duals.

A 2020 Kenworth feed mixer truck from Coleridge, Neb., sold for US$180,750 (CAD$241,695) to a buyer from the same stat after 126 bids.

Specs: 4,749 hours, 20,390 miles, 330 Hp, Paccar PX-9 6cyl Deleted Diesel Engine, Allison Automatic Transmission, 2 Speed Rear End, Air Brakes, Spring Suspension, Red DOT Cooler, Firestone 11R22.5 Front Tires, 11R22.5 Rear Duals, Aluminum Rims, Cab Heat, AC And Radio, Vinyl Floor, Cloth Air Ride Seat, 2020 Mounted Roto Mix 620-16XD Mixer Body, Oil Bath Chains, Slide Tray Discharge, Joystick Cab Controller, Cab Mounted, Mirror Mounted And Box Mounted Scale Heads.

A 2020 Kuhn Knight PXL1120T spreader from Satanta, Kan., sold for US$129,750 (CAD$173,451) to a buyer from Nebraska after 198 bids.

Specs: 22.5 Ton Load Capacity, Vertical Beaters, Steerable Axles, Scale System, Weigh Bars Included For Manual & Variable Rate, Digi-Star NT8000i Display, RDS GPS Receiver, Pin Hitch, Hitch Jack, Large 1000 PTO, PTO Driven Split Apron Drive W/Reversible Gearbox, Tires 750/45R26.5, (3) Axles, Transport Lights.

2020 Kuhn Knight

Video: The Investment Opportunities of Industrial Hemp

The fledgling U.S. hemp industry is decades behind countries like Canada, France and China, but according to impact investor and this week’s podcast guest, Pierre Berard, it could flourish into a $2.2 billion industry by 2030 and create thousands of jobs.

To reach its potential, what the hemp industry needs most right now, Berard said, is capital investment.

Last month, Berard published a report titled “Seeing the U.S. Industrial Hemp Opportunity — A Pioneering Venture for Investors and Corporations Driven by Environmental, Social and Financial Concerns” in which he lays out the case for investment.

It’s as if Berard, with this report, is waving a giant flag, trying to attract the eyes of investors, saying, “Look over here. Look at all this opportunity.”

Berard likens the burgeoning American hemp industry to a developing country.

“There is no capital. People don’t want to finance. This is too risky. And I was like, OK, this sounds like something for me,” he said.

As an impact investor who manages funds specializing in agro-processing companies, Berard now has his sights set on the U.S. hemp industry, which he believes has great economic value as well as social and environmental benefits.

He spent many years developing investment in the agriculture infrastructure of developing countries in Latin America and Africa, and said the hemp industry feels similar.

“It is very nascent and it is a very fragmented sector. You have pioneers and trailblazers inventing or reinventing the field after 80 years of prohibition,” he said. “So I feel very familiar with this context.”

On this week’s hemp podcast, Berard talks about the report and the opportunities available to investors in the feed, fiber and food sectors of the hemp industry.

Building an industry around an agricultural commodity takes time, he said. According to the report, “The soybean industry took about 50 years to become firmly established, from the first USDA imports in 1898 to the U.S. being the top worldwide producer in the 1950s.”

Berard has a plan to accelerate the growth of the hemp industry and sees a four-pillar approach to attract investment.

First, he said, the foundation of the industry is the relationship between farmers and processors at the local level.

Second, he said the industry needs what he calls a “federating body” that will represent it, foster markets and innovations, and reduce risk for its members and investors.

The third pillar is “collaboration with corporations that aim to secure or diversify their supply chains with sustainable products and enhance their ESG credentials. This will be key to funding the industry and creating markets,” he said.

The fourth pillar is investment. Lots of it. Over $1.6 billion over seven years. This money will come from government, corporations, individual investors, and philanthropic donors.

The 75-page report goes into detail about the hemp industry, its environmental and social impact, and the opportunities available to investors.

Read the report here: Seeing the U.S. Industrial Hemp Opportunity

Also on this episode, we check in with hemp and bison farmer Herb Grove from Brush Mountain Bison in Centre County, PA, where he grew 50 acres of hemp grain. We’ll hear about harvest and dry down and crushing the seed for oil and cake.