If you are a farmer trying to sell your equipment or land, one of the best courses of action you can take is to schedule a farm and . With the fall upon us, now is a fantastic time to plan an auction. Here are five great reasons to hold a farm auction in the fall.
Save Money on Storage
If you sell your unneeded equipment early enough in the fall, you won’t have to worry about spending money on storage costs. If you have worn equipment that you’re not using any more, selling it at a fall auction allows you to be rid of the equipment before the cold weather and snow arrive, meaning you won’t have to worry about finding space in your barn or storage facility for equipment you don’t need.
Cash Flow for the Winter
You obviously cannot grow certain crops (if any) in the winter months, which is why many farmers work on a tight income through the winter. If you’re successful in selling your older equipment, though, you could potentially set yourself up with a little bit of cash for the winter months. This can help you weather the weather and set you up to invest in new machinery in the spring.
No Financial Risk
Generally speaking, all buyers at an agricultural or farm auction will be prequalified to purchase your equipment. You cannot just sell your tractors and tillers to any Joe Smith with a credit card because some of these are large pieces of machinery that require some special licensing and training to operate. We will work with you to find qualified and interested buyers, helping remove the risk of bad bids or offers that fall through.
Quick and Easy Payment
By working with us, you can also receive the proceeds for your auction more quickly. Part of this is due to having prequalified bidders at your auction, but part is thanks to our professional and prompt auction services that allow us to finalize most of the paperwork and accounting fast, with most auction payments completed within seven to 10 business days.
Competition Means Profit
Finally, these auctions are meant to attract serious buyers, not just local people looking around as may be the case with an estate sale. As such, there are oftentimes bidding wars that can occur for certain pieces of equipment, especially if the machinery is rare, popular or can be used for parts for equipment that is no longer made. The competitive bid process can help drive the price up for these items, resulting in a substantial amount of profit for you and your farm.
Wilson Auction & Realty Co. has held agricultural auctions throughout Ohio, Michigan and Indiana for decades and has the experience and knowledge to help price and promote your auction to interested, qualified buyers. If you’re considering a sell of your equipment before the winter months, call our team today at 419-636-5500 or toll-free at 866-870-5500.