Drapers Have A Definite Depreciation Advantage

By David Davidson Posted in Agricultural Insights | In the News | IronAppraiser | IronData

October 07, 2019

Farmers’ preference for the harvesting performance that is offered with flexing draper headers is being reflected in the valuations of used platforms and it shows that there is a definite draper depreciation advantage.

Below is a comparison of the present value of four types of 2015 model year grain headers of all makes and models. The three-year difference in depreciation reveals the growing popularity of draper headers vs. auger headers. The table illustrates that flexing drapers are holding their value 5% points better than the rigid auger headers.

2015 Combine Headers of all Widths

Header Type Average New Selling Price in 2015 Used Cash Value in 2018 Percentage Depreciation
Flex Draper $81,151 $50,980 37%
Rigid Draper $73,152 $45,586 38%
Flex Auger $40,117 $24,356 39%
Rigid Auger $40,980 $23,676 42%

When you look specifically at the widest headers (shown in the chart below), the same story plays out with average three-year depreciation of the flex draper at 37% vs. 41% depreciation of the rigid auger style. Obviously, the average new selling price goes up on these big platforms, as well. The price was as high as $88,973 for the average 40+-foot flexing draper back in 2015.

2015 Combine Headers 40′ and Wider

Header Type Average New Selling Price in 2015 Used Cash Value in 2018 Percentage Depreciation
Flex Draper $88,973 $56,450 37%
Rigid Draper $82,144 $51,489 37
Rigid Auger $72,724 $46,622 41%

As you would expect, brand plays a part in depreciation. Take advantage of two free appraisals being offered by Iron Solution (see below) to find out how a particular make and model is valued today. You can also check out the availability of platforms in your area by going to IronSearch.com.

Is the increased performance offered by draper headers worth the expense? Only you can answer that. The online community has some interesting perspectives on this question at community.Agriculture.com.

And for information on what your equipment is worth visit IronAppraiser.com

View the entire article on Successful Farming, under the Machinery Insider column.


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