Foreign buyers boost prices…
OVERSEAS buyers from 21 countries including North and South America, Scandinavia, the Far East and Africa helped boost prices for second-hand tractors and equipment at this weeks Cambridge Machinery Sales.
Nearly 550 tractors went under the hammer with 67% finding buyers prepared to pay more than the reserve price.
According to Bob Hall, auctioneer and partner with the organising firm, Cheffins Grain and Comins, the export market is still buoyant.
"Sterling remains weak and that has helped lift export sales. Also the high number of new tractor registrations in the UK means there is a high level of good quality second-hand tractors coming on to the market," said Mr Hall.
But it was not only young second-hand tractors which were selling well at Cambridge this week. Buyers, particularly from the Middle East and South America, helped to lift the prices of some of the older models.
Massey Ferguson 165 and 168 were in demand and fetching between £1000 and £2500. Old Fordson Majors were exchanging hands between £600 and £1000.
Demand for machinery was also good with cultivation equipment and drills fetching good prices mainly from UK farmers and dealers.
Sample prices on the day
1991/92 International 895XL 4WD 89hp, £13,300
1984/85 Same Laser 4WD 130hp, £11,200
1991/92 International 844XL 4WD 80hp, £11,600
1989/90 Fiat 80/90 4WD 80hp, £9,900
1990 Dowdeswell DP7E seven-furrow reversible plough, £1450
Lemken four-furrow reversible plough, £1000
Lely 3m power harrow, £1600
Rabe 4m power harrow, £1800