A hedonic analysis of factors impacting the value of planters on the used machinery market

A hedonic model was employed to examine factors that influence the resale price of row crop planters on the used machinery market. Planter sale data from 2016 to 2018 were utilized to conduct the analysis. Results suggested that the primary factors impacting planter resale prices were make, age, con...

Full description

Saved in:
Bibliographic Details
Published in:Agricultural and resource economics review 2022-08, Vol.51 (2), p.266-282
Main Authors: Allison, John, Mark, Tyler B., Burdine, Kenneth H., Shockley, Jordan M.
Format: Article
Language:English
Subjects:
Age
Agricultural economics
Auctions
Corn
Depreciation
Economic theory
Farms
Machinery
Manufacturing
Prices
R&D
Research & development
Row spacing
Sales
Seasons
Variables
Citations: Items that this one cites
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:A hedonic model was employed to examine factors that influence the resale price of row crop planters on the used machinery market. Planter sale data from 2016 to 2018 were utilized to conduct the analysis. Results suggested that the primary factors impacting planter resale prices were make, age, condition, planter configuration, row number, and row spacing. As a function of age (depreciation), planter values were generally determined to decrease at a decreasing rate. Finally, it was determined that there was a significant interaction between the variables make and age, suggesting that different planter makes depreciate differently.
ISSN:1068-2805
2372-2614
DOI:10.1017/age.2022.4