When you bale, you bale big, right? In the last issue, “Machinery Insider” took an in-depth look at 5×6-foot baling chambers and round bales that can top 2,000 pounds. These are Class 5 round balers, and if you’re using one, your forage game is on point. Let’s look into retained value when it comes to these big round balers.
“I’ve selected a set of four comparable models of the 2016 model year to compare valuations from the time they were new until now.”
The table below shows the make and model, its price when new, and its used cash value today. The used cash value today is the value retained from its price when new. These values have been normalized by applying typical options, condition, and usage as reflected on the bale meter.
|EST. PRICE NEW||RETAINED VALUE SPRING 2019||% OF VALUE AFTER 3 YEARS|
|JOHN DEERE 569 STD.||$39,399||$25,205||64.0%|
|CASE IH RB56||$42,445||$25,770||60.7%|
|NEW HOLLAND 560||$38,048||$22,909||60.2%|
The retained value of the Challenger/Massey Ferguson 2956 outperforms the class and the 2016 New Holland Rollbelt 560 by nearly six percentage points. That’s over $2,100 better retained value over the last three years. This data comes from IronGuides, an Iron Solutions product, and it has “Guides” in the name for an important reason. It is a guide on the value of equipment.
Different pieces can vary greatly on options alone. These big round balers have a long list of available options that can add over $10,000 to even a used machine’s value. For example, take the 2016 Case IH RB 565. If equipped with the hydraulic bale ramp, an ISObus with monitor, and net wrap, it’s worth an additional $4,400.
Check out current local market listings on IronSearch.com to see current advertised prices and tweet us any questions @Iron_Solutions.