Farming News - Increasing demand for second-hand farming machinery

Increasing demand for second-hand farming machinery

A leading property consultancy’s growing reputation for conducting farm machinery auctions continues to gather pace, with a recent auction in Oxfordshire demonstrating the strong demand for quality second-hand machinery and equipment across the agricultural sector.

 

A farm machinery auction held by Fisher German near Banbury on behalf of client R & R Gardiner saw more than 200 lots go under the hammer which attracted buyers from all over the UK, as well as overseas.

Ginny Banham, a farm machinery auction expert in Fisher German’s rural property management team, said: “Considering the current agricultural climate, many farmers and landowners are increasingly choosing to sell machinery for a range of reasons, including retirement, changes in farming policy, farm restructuring, diversification, or even just the need to dispose of surplus equipment.

“Second-hand farm machinery is selling well at the moment. With the cost of new equipment continuing to rise, more farmers are turning to second-hand purchases and that demand is pushing prices up.

“It’s a challenging time for agriculture, but due to the strengthen in the second-hand machinery market that also creates opportunities for those who are looking to sell.

“We take a truly hand-held approach, making the process as straightforward and stress-free as possible for the vendor. For many, selling machinery is an emotive decision, and we do everything we can to support them throughout every stage.”

Ginny said Fisher German can offer on-site auctions supported by an online auction facility or alternatively provide online timed auctions.

She added: “It’s about understanding each farmer’s situation and finding the best route for them.

“For some, selling machinery can be a difficult decision to make - whether due to family changes, policy shifts, or the decision to step back from farming. We aim to make the process as smooth and positive as possible.

“With crop prices under pressure and changes to Inheritance Tax potentially coming in next year, many farmers are reassessing their assets and exploring options to strengthen their business resilience.

“Machinery auctions provide a transparent, efficient, and results-driven way to release capital from valuable equipment while meeting the specific requirements of sellers.

“We’ve seen growing demand for our service and continue to deliver strong results both financially and personally for clients right across the rural community.”

Paul Clayson, Consultant Auctioneer, added: “As Ginny says second hand machinery is selling well at present and we have definitely seen this recently. It is quite clear that the machinery doesn’t need to be the latest kit or necessarily the most modern, but it helps the selling price enormously if it has been looked after and is well presented and clean.

“Quite recently in a sale I was able to announce that all the tractors had just had a winter service with receipts available. This gave a purchaser some solace that the vendor cared for his machines. I have no doubt this contributed towards the items making premium prices.”

Fisher German’s rural property management team has developed a tailored auction service designed specifically to support farmers through every step of the process whether sales are conducted on-site or online.

Fisher German has almost 200 years of experience supporting the rural economy with their market insight and personal service providing results which meet the financial and emotional needs of those selling machinery.

For more information about Fisher German’s farm machinery auctions or to discuss upcoming auctions, contact the Machinery Auctions team on 01302 243933.