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October 12, 2021

What Does the Average Farm Tractor Cost?

Asking how much the average farm tractor costs is a little bit like wondering how much food a teenager is going to eat. It might be different day to day, and depending on the specifics, but overall, you know it’s going to be a lot. Buying even a small used tractor can get expensive depending on the setup you need, how many hours the tractor has been used, how it has been maintained, and the availability of parts in your area.

While it might not be an option for us to pinpoint the exact average price of the specific tractor you have in mind, we can share some frequently asked questions and their answers to show you the range of new farm tractor prices and used tractor prices.

What is a good price for a tractor?

New tractor prices start as low as $9,000-10,000 for a small compact tractor, and can be as high as $150,000 or more depending on the horsepower, attachments (like a rake, backhoe, or loader), and features like four-wheel drive.

While these are good prices for a new tractor, they also represent what a significant investment a tractor is. When these machines are well-maintained they will last for decades, which is why used tractors are such a hot commodity. Buying a used tractor means saving money while still getting a great, new-to-you piece of machinery.

How much is a used tractor?

Used tractor costs range anywhere from $3,000 for the smallest under 40 hp tractors to $75,000+ for an agricultural tractor with 100-174 hp.

Used tractor pricing is affected by all the details we have already covered, like hours of use, maintenance, horsepower, and attachments. Another element that impacts the cost of a used tractor is where it is located. Machinery Pete has created a tractor auction price map to help people in the market for a used tractor see what the average prices are in their area, and what kind of machinery is being sold for that price.

What is the most expensive tractor?

One of  the most expensive tractors available to purchase is the Case IH Steiger Quadtrac 620. This tractor has a 620-horsepower engine as well as an HI-eSCR emissions system that integrates to ensure safe and fuel-efficient operations. The four-point cab suspension and luxurious interior are additional factors in this machine’s $616,000 price tag.

Though there’s only one like it in the world, when it comes to expensive tractors no list would be complete without a mention of Big Bud. The largest tractor in the world, Big Bud was built in 1977 for the price of $300,000. Even today, the tractor can still work over one acre a minute at speeds of up to 8 mph. Though Big Bud finally retired from farm work in 2009, its owners in Montana have continued maintaining the machine, and it’s estimated to be worth over $1 million today.

What is the cheapest tractor to buy?

The cheapest type of tractor to buy is a sub-compact tractor. Among Machinery Pete’s used tractor listings, you may find a gently-used sub-compact tractor for as little as $8,000. Depending on any attachments that are needed, the cost will increase. The cost of a brand new sub-compact tractor usually starts around $15,000, give or take a few thousand dollars, depending on what setup you are looking for exactly.

What is the number one selling farm tractor?

The number one selling farm tractor brand in the United States is John Deere. From farmers to homeowners to professional landscapers, many people love John Deere for its iconic brand as much as its reliability and quality.

Globally, the number one selling farm tractor brand is Mahindra. They produce the most tractors by volume in the world and are also known for their excellent customer service.

Find a High-Quality Used Tractor with Machinery Pete

Machinery Pete’s used tractor marketplace is built with both buyers and sellers in mind. For buyers, we have taken steps to make our inventory easy-to-search by make, model, location, specs, price, setup, hours, or any other details that define your used tractor search. For sellers, our marketplace is an incredible opportunity to get in front of millions of buyers.

While you don’t want to pay higher than average for a used tractor, that doesn’t mean you can’t find an excellent tractor at an average price. Trust Machinery Pete with your used tractor search