Tractor Price in 2022

So what is the Tractor Price in 2022? Whether you work on a large or small farm, you will almost certainly require a tractor for hauling and other heavy-duty operations. A new small tractor can cost anywhere from $10,000 to $200,000 or more, depending on size. Read through to get more information on Tractor Price in 2022.

Tractor Price in 2022

What you Should Know Before Buying a Tractor

Typically, there are many options on the market. Tractor prices are also very low if you buy a used model. So, whichever option you choose, always set aside some money for attachments.

Otherwise, your tractor will not perform to its full potential. For accessories, we should budget $5,000 for complicated attachments.

However, some are far less expensive, such as a rake, which is likely one of the cheapest, at only a few hundred dollars. A tractor is usually required to pull a plow, rake, backhoe, or simply a trailer.

Tractor Price in 2022

The table below compares the prices of various models available in the United States for use as a farm tractor or for other purposes. Tractor manufacturers rarely display quotes on their websites.

It is nearly impossible to provide a complete range of tractor models and prices. As a result, we searched various websites, such as TractorHouse and Trade machines, for an average sale price to use for research.

Tractor Brand Tractor Model Power (HP) Estimated Cost
Case IH MX285 (2004) 203.7 $57,200
Challenger CH1038 (2017) 396 $195,000
Challenger MT855E (2016) 500 $207,600
Challenger MT965C (2009) 525 $150,800
Challenger MT645C (2009) 240 $72,700
Fendt FT930 (2016) 295 $196,000
John Deere 5083E (2012)  83 $28,500
John Deere 4720 (2005) 58 £21,200
John Deere 1025R (2016) 24.2 $21,200
Mahindra 105P MFWD (2015) 105 $40,000
Massey Ferguson 6713 (2017) 125 $31,350
Massey Ferguson 4707 (2016) 70 $46,500
Massey Ferguson MF8690 (2013) 340 $74,700
Morooka MST1500VD (2014) 225 $59,500

New Tractor Prices

The price of a new tractor is primarily determined by the engine’s power, various features, and the company’s brand name. They show the average price ranges in the following categories:

‣ Compact Tractor: Engine capacity less than 30 HP, costing $9,000 to $12,000.

‣ Mid-Size Tractor: Engine capacity of 30 to 80 HP, costing $25,000 to $50,000.

‣ Large Tractor: Engine capacity about 100 HP or more, costing between $50,000 and $80,000.

‣ Others: Larger tractors with engine capacities greater than 100HP are also available. These cost more than $80,000 and can reach $600,000, depending on the vehicle’s features and specifications.

These prices are most likely too high for you. If that’s the case, you’ll go with privately advertised low-cost tractors. However, many dealers offer low-interest financing to assist you in purchasing this critical business asset.

Tractor Cost Factors

Tractor Price in 2022

When looking for tractor price in 2022, tractor cost factor is very important. Often, multiple factors influence the price you pay for a new tractor and its accessories. 

1. Power & Size

These are most likely the two most important factors. In the United States, they typically measure tractor engine power in horsepower (HP). However, if the tractor is imported from another country, they may measure it in kilowatts (kW).

The tractor’s horsepower rating shows how easily the tractor can handle difficult, heavy-duty jobs. A sub-compact tractor with around 25HP of power is at the low end of the price range.

These are useful for maintaining a large garden and may include earthmoving attachments or grass mowing attachments.

More Information on Power & Size

Large tractors used in commercial farming applications with engines greater than 100HP will be at the high end of the price spectrum.

You’ll also notice that larger tractors have far more accessories than small tractors, which increases their utility. The physical size of a tractor determines what they can use it for.

A small utility tractor is ideal for gardening or light construction work. Slope grading, mowing, brush cutting, post hole digging, and pulling a small loaded trailer are common examples.

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2. New vs. Used Models

Looking over the list we compiled earlier reveals that age does matter when discussing price. It’s not just the year of production.

We’re also discussing operating hours. Essentially, newer machines with fewer working hours cost more than older tractors. The amount of wear and tear on the tractor’s structure contributes to this.

And partly because of the amount of work by the engine. Overall, the operating hours have the greatest impact.

Further Information on New vs. Used Models

Even if you love your old tractor like its grandma, there’s no avoiding spare parts availability. Assume you have an old tractor that you’ve been caring for for many years and you need a specific widget that has finally worn out.

 In that case, you may discover that the manufacturer has discontinued tractor production, and no longer produces spare parts. 

You then have the hard task of either searching for a spare part from a scrapped tractor or paying a premium for a local engineering firm to make one for you

3. Track or Wheeled Tractors

Sometimes tracked tractors are preferable to wheeled models. Tractors with caterpillar tracks have enough friction with the ground to assist with many tasks that a wheeled model could not perform.

These tasks include clearing land, moving heavy loads, removing snow, working on slopes, and inaccessible rocky surfaces, and working on wet and muddy ground. However, there are a few disadvantages to using a track tractor.

 A tracked vehicle, unlike a wheeled model that can travel on public roads, will damage road surfaces. It will also travel much slower than other road vehicles and consume a significant amount of fuel.


Tractor Size and Horsepower

Tractor Price in 2022

The tractor manufacturing industry categorizes and markets tractors into three distinct segments based solely on horsepower. These three sections are:

  • Under 40 horsepower
  • 40 – 100 horsepower
  • 100 and above horsepower

While this type of segmentation is useful for financial analysis of the tractor manufacturing industry, it is insufficient for accurately gauging the usability of the various tractors on the market.

1. Lawn and Garden Tractors

Lawn and garden tractors are the tiniest tractors available. They usually have 25 horsepower or less and weigh 500 to 1200 pounds (226.80 to 544.31 kgs).

This tractor is best suited for lawn and garden maintenance. Its lightweight design helps to reduce tire damage to lawns and landscaping.

This tractor’s small size makes it ideal for tasks that require tight maneuvering around barns and livestock feeding areas.

2. Compact Tractors

Compact tractors range in horsepower from 25 to 50. 2 to 3 cylinder diesel engines will power most them. A compact tractor is usually sufficient for a property of up to 20 acres (8.09 hectares).

They are larger than a lawn and garden tractor and are ideal for covering larger areas. Another distinction is that compact tractors have increased ground clearance.

 Most will have at least 12 inches of ground clearance (30.48 cm). Compact tractors are also more versatile than lawn and garden tractors because they have more options, such as loaders and three-point hitches.

3. Utility Tractors

Engines rated at 50 to 85 horsepower will power utility tractors. They will also have significantly larger fuel tanks. A fuel capacity of 20 to 30 gallons (75.71 to 113.56 liters) is standard for this class.

Utility tractors are best suited for properties larger than 20 acres (8.09 hectares). Because of their larger size, these tractors can use disc harrows up to 8 feet (2.44 meters) per section.

 This larger size can significantly speed up tilling operations.

4. Farm Tractors

The farm tractor category includes the remaining tractors with power outputs ranging from 85 to 450 horsepower. These are the tractors that are commonly associated with commercial farming operations.

Everything about them is bigger, from the fuel tank capacity to the number of accessories, to provide their owners with a wider range of customizable use-case applications.

Farm tractors are visually distinct, in that most models have enclosed cabs for the operator. Mechanically, they’ll have tougher transmissions. 

Tractor Uses

Tractor Price in 2022

When internal combustion engines became common, they replaced teams of horses or oxen doing heavy-duty farm work.

Even between the First and Second World Wars, when gasoline-powered automobiles became more common, a horse was unrivaled for farm work. 

 The farmer did not need to purchase fuel. However, mechanization of European and North American farming became widespread after 1945. 


More Information on Tractor Use

Tractors are so adaptable that they can power a variety of other machines with flywheels or hydraulics. A farmer, for example, can use a single tractor to power saw benches, stump-pulling winches, and even milking machines.

In addition, they are used in cottage industries to power a variety of workshop tools. The growing number of applications for various types of tractors has significantly increased the global sales of agricultural tractors.

 The global agricultural tractor market will grow at a compound annual growth rate (CAGR) of 5.7 percent between 2019 and 2024. The industry should be worth $75 billion by then.

Financing and Loans Available

Assume your company cannot afford a suitable tractor for your farm and is wary of taking out large loans. In that case, you’ll be relieved to know that farmers have a few other options for financing.

The US Department of Agriculture’s National Agricultural Library website has information. This comprehensive resource covers a wide range of grants and loans from federal, state, and local programs.

 The information covers many aspects of farming and agriculture, not just tractors.

What Is the Most Reliable Tractor?

What Is the Most Reliable Tractor?

Tractor reliability is determined by performance and durability. The level of support and service provided by the manufacturer throughout the tractor’s lifetime also plays a role.

The breadth of a manufacturer’s allowed network of dealerships and allowed maintenance centers is critical.

According to tractor dealer ratings, John Deere is the most dependable tractor brand in terms of component durability, customer satisfaction, and service coverage.

What is the Number 1 Selling Tractor in the World?

Mahindra produces the world’s best-selling tractor line. The company is part of the Indian Mahindra Group and produces and sells more tractors than any other company in the world.

In the United States, however, John Deere is the leading tractor manufacturer. While Mahindra has a presence in the US based on market share, reputation, longevity, and customer satisfaction.


By now you should know Tractor Price in 2022. If you want to buy something that can multitask on your farm, determining the type of farming equipment you require can be difficult. After that, it’s difficult to find tractor prices that are within your budget.

Fill out the form on this page to receive two or three quotes from companies that can assist you in finding the tractor that best suits your needs.

We hope you find this article, tractor price in 2022 useful. Please share with family and friends.

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