Takeaway

The presenter reports that physical auction values for used loader tractors are accelerating to new record highs in late 2026, extending a two-plus-year uptrend where prices have been "on fire." Recent late-September sales showed heavy premiums, with one unit clearing its previous record by nearly $25,000, leading the presenter to note that good used loader tractors are currently trading "just like gold."

What the presenter said

• [00:00:05] Used loader tractors are setting new record-high prices at auction across the market.
• [00:00:19] Pricing for quality used units has been "on fire" for the past two-plus years and is "getting hotter" as of late 2026 [00:00:26].
• [00:00:38] A 2009 John Deere 7430 Premium with a loader and 1,136 hours cleared at $185,500 at a Rice Auction Company sale in Fontanelle, Iowa on September 26.
• [00:01:02] The $185,500 sale price exceeded the previous record auction high for that model by nearly $25,000.
• [00:01:30] A 2019 New Holland T5.120 with a loader and 558 hours sold for $75,000 at a Circle E Auction in Carthage, Missouri on September 26.
• [00:01:39] The $75,000 print is tied for the second-highest auction price ever recorded for that model with a loader.
• [00:01:48] A 2020 John Deere 6120M with a loader and 454 hours realized $119,000 at the Circle E Auction on September 26, representing the fifth-highest auction price ever for the model [00:02:00].
• [00:02:05] The presenter emphasizes that good used loader tractors are trading "just like gold."

Trade ideas

No actionable trade was put forward. The presenter's outlook is strongly bullish on secondary agricultural machinery values, specifically highlighting severe tightness and record liquidity across loader tractor models.

Levels and data cited

• 2009 John Deere 7430 Premium (w/ loader): Realized $185,500 on September 26, 2026 (Rice Auction Company, Fontanelle, IA); priced nearly $25,000 above the prior record high.
• 2019 New Holland T5.120 (w/ loader): Realized $75,000 on September 26, 2026 (Circle E Auction, Carthage, MO); tied for 2nd highest auction price ever.
• 2020 John Deere 6120M (w/ loader): Realized $119,000 on September 26, 2026 (Circle E Auction, Carthage, MO); 5th highest auction price ever.
• Historical Benchmark Data: Farm auction price series across the past two-plus years indicating persistent upward price momentum.