Tractors on eBay and Farmers and Consumers Market Bulletin: An Analysis on the Determinants of Price and Price Differences

Abstract

We investigate the determinants of price for tractor auctions on eBay and tractors that are listed in the Farmers and Consumers Market Bulletin (FCMB) in Georgia. Surprisingly, seller reputation is not an important factor while engine hours and the presence of air conditioning appear to influence price on eBay auctions. On average prices for tractors that sold on eBay are not different than those on FCMB. The analysis also suggests that farmers may benefit from the use of online venues.Internet auctions, farm machinery, local listings., Agribusiness, Industrial Organization, D82, L14,