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The Effect of Usage and Size on Tractor Depreciation

Author

Listed:
  • Gregory M. Perry
  • Ahmet Bayaner
  • Clair J. Nixon

Abstract

An econometric model was estimated to explain prices for tractors sold at auction. Tractor age, hours of use, size, and condition were statistically significant explanatory variables. Real tractor depreciation most closely approximated a sum-of-the-years digits pattern. Tractors sold at consignment and bankruptcy auctions brought a lower price than tractors sold by retiring farmers. High levels of usage did not greatly reduce tractor value, but tractors with low annual usage brought substantial premiums in the auction market.

Suggested Citation

  • Gregory M. Perry & Ahmet Bayaner & Clair J. Nixon, 1990. "The Effect of Usage and Size on Tractor Depreciation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(2), pages 317-325.
    • Handle: RePEc:oup:ajagec:v:72:y:1990:i:2:p:317-325.
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    File URL: http://hdl.handle.net/10.2307/1242335
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    Cited by:

    1. Dumler, Troy J. & Burton, Robert O., Jr. & Kastens, Terry L., 2000. "Use Of Alternative Depreciation Methods To Estimate Farm Tractor Values," 2000 Annual meeting, July 30-August 2, Tampa, FL 21800, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Troy J. Dumler & Robert O. Burton & Terry L. Kastens, 2003. "Predicting Farm Tractor Values through Alternative Depreciation Methods," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 25(2), pages 506-522.
    3. Luis Ruiz-Garcia & Patricia Sanchez-Guerrero, 2022. "A Decision Support Tool for Buying Farm Tractors, Based on Predictive Analytics," Agriculture, MDPI, vol. 12(3), pages 1-26, February.
    4. Takeshima, Hiroyuki, 2015. "Market imperfections for tractor service provision in Nigeria: International perspectives and empirical evidence:," IFPRI discussion papers 1424, International Food Policy Research Institute (IFPRI).
    5. Unknown, 1998. "References/Literature Cited," Commodity Costs and Returns Estimation Handbook,, Iowa State University.

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