Compact Tractor Cost: $9,000 – $11,000
50HP Tractor Cost: $30,000 – $60,000
Are you looking to buy a tractor but do not know that cost of a new tractor? In this post you’ll find complete details about buying a new tractor and the average cost of a new tractor.
The agricultural tractors market is forecasted to grow at a CAGR of 5.7% during 2019-2024.
Tractors are used mostly on farmlands but they are also used for pulling heavy items in factories, luggage carts on airports and construction materials on trollies. Tractors have revolutionized several industries and now tractors are even more efficient and technologically advanced. There are several major companies that manufacture tractors in the U.S. such as Massey Ferguson, John Deere, Kioti, Kubota Tractor Corporation, New Holland and Yanmar. The cost of a new tractor varies based on the size, horse power (hp) capacity and from company to company.
A tractor is like an asset and it’s an investment that you don’t have to make often because a new tractor usually lasts for decades. But buying a new tractor is a major investment and you should have enough reasons to invest in a tractor. However, if you are in the agriculture industry then there are several grants and loans from the United States Department of Agriculture that you can apply for.
You can also apply for FSA’s Direct Farm Operating loans for financing to purchase farm equipment such as a tractor.
A well-maintained tractor has a lifespan of 20 to 30 years, even with daily use. If you’re using the tractor less frequently, it could last for decades. Below is a list of Tractor Prices of different Tractor companies:
Kubota Tractor Prices
Kubota BX1870 Compact Tractor | $11,900 | |
Kubota BX2370 Compact Tractor | $14,950 | |
Kubota BX2670 Compact Tractor | $17,900 | |
Kubota BX25D Compact Tractor | $19,900 | |
Kubota B2301HSD Compact Tractor | $19,900 | |
Kubota B2650HSDC Tractor | $30,095 | |
Kubota L5740 Tractor | $37,300 | |
Kubota L6060 Compact Tractor | $57,089 | |
Kubota M5 091 Tractor | $60,806 | |
Kubota M7040 Narrow Tractor | $44,372 |
Massey Ferguson Tractor Prices
Massey Ferguson 1736 Compact Tractor | $35,500 | |
Massey Ferguson 1749 Compact Tractor | $30,268 | |
Massey Ferguson 1758 Compact Tractor | $33,782 | |
Massey Ferguson 1734E Compact Tractor | $24,647 | |
Massey Ferguson 2604H Tractor | $14,070 | |
Massey Ferguson 2607H Tractor | $31,437 | |
Massey Ferguson 2615 Tractor | $17,662 | |
Massey Ferguson 2706E Tractor | $39,398 | |
Massey Ferguson 4609M Tractor | $49,973 | |
Massey Ferguson 4709 Tractor | $43,700 | |
Massey Ferguson 5611 Tractor | $84,951 |
Kioti Tractor Prices
Kioti CK2610 Tractor | $15,500 |
Kioti CK3510 HST Tractor | $20,995 |
Kioti DK4510 Tractor | $21,700 |
Kioti PX9020 Tractor | $46,800 |
Kioti PX1053PC Tractor | $61,000 |
John Deere Tractor Prices
John Deere 5115ML Tractor | $59,000 |
John Deere 5093EN Tractor | $43,632 |
John Deere 5075GN Tractor | $56,630 |
John Deere 5100GN Tractor | $62,999 |
John Deere 4044M Tractor | $35,500 |
How Much does a New Tractor Cost on Average?
Price of a New Tractor vary based on horse power, features and company but on average a compact tractor costs $10,000 or a little more, while large tractors with higher capacity of 50HP or more could cost $30,000 to $60,000. Most new tractors cost somewhere in between the below mentioned price range:
- Compact Tractors cost anywhere between $9,000 – $11,000.
- Mid range capacity tractors with 30 to 75 hp usually cost anywhere from $25,000 to $50,000.
- Large size tractors with about 100 hp, 4-wheel drive could cost anywhere between $50,000 to $75,000.
- Tractors over 100HP usually cost anywhere between $75,000 to $150,000 or more. Based on the attachments that you choose will also add up to the basic cost of a new tractor.
In addition to the base price, you may have to pay extra for certain features and options. If 4-wheel drive is not a standard feature, budget an extra $5,000. Attachments also cost extra.
- A rake attachment usually costs just a few hundred dollars.
- Backhoe attachments can run $6,000 or more.
- Loader attachments run $3,000 to $5,000.
Because tractors require a significant investment, most farm owners and businesses choose to opt for financing the machine. There are various financing options available such as dealer financing or a bank loan or a loan from a private equipment finance company. U.S. Department of Agriculture also offers loans & grants for tractor and farm equipment financing.
How to choose the right tractor for you?
A Basic Guide to New Tractors
Every company makes at least 10 to 15 models of tractors and on the market you’ll find hundreds of these tractors. There are compact residential models to heavy-duty tractors with more than 300 horsepower that are used for heavy work such as pulling a loaded trolley. A tractor dealer would provide you with complete details about various models, capacity based on your needs and features. Once you decide on a model that is suitable for your work then you should choose features that you actually require. Remember, features that you opt for will add to the cost of a new tractor.
The other things to keep in mind is that a vast majority of tractors are four-wheel drive because tractors are designed for pulling and working in farm fields. A Four-wheel drive tractor offers better traction than two-wheel drive models and you need a four-wheel drive model if you are planning to use attachments such as loader or a backhoe. People hardly buy two-wheel models because four-wheel drive tractors offer more power as well.
You’ll also fine tractors with enclosed cabs for driver to sit comfortably and operate the machine. Enclosed cabs are priced higher than normal tractors and the cost of a new tractor with an enclosed cab will be high but if you are looking for a protection against sun, wind, rain and snow and want better comfort for a driver then enclosed cab tractor is worth buying. Compact tractors do not have enclosed cabs but enclosed cabs have higher resale value and at the same time they also offer better comfort to the drivers.
How to Buy a Cheap Used Tractor?
Here’s a list of useful Resources for Agricultural Funding Resources
Small Farm Funding: Veterans Resources
USDA. National Agricultural Library. Rural Information Center.
https://www.nal.usda.gov/ric/small-farm-funding-resources#Vet
Grants and Loans for Farmers
USDA. National Agricultural Library. Alternative Farming Systems Information Center.
https://www.nal.usda.gov/afsic/grants-and-loans-farmers
USDA New Farmers Website
Access to Land and Capital
https://newfarmers.usda.gov/access-land-and-capital
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