Posted by picassomcp on June 14, 2018 at 18:20:24 from (172.58.83.122):
I decided to hang up my farming gig last winter and did not put in a crop this year. I sold most of my equipment over the Winter and early Spring by listing it on craigslist piece by piece. I am down to my older tractors that all have collector value, but could still be used on an active farm, which is exactly what I did with them. I farmed 200+ acres with these tractors, so even though they are old, they have seen recent use and are dependable. The tractors I still own are all International Farmalls, a 1456, 1256, 756 Diesel, and a 460 Diesel. The 1256 is all painted up and is a really sharp tractor. The others are in older paint, but a bit better than average. All have widefronts and good rubber front and back. All open station and have fenders. I also have accessories for these tractors such as wheel weights, rock boxes, rear dual tires. I also do have some hay equipment, a 644 New Holland round baler, a 499 New Holland haybine, several v-rakes, some nice car trailers and flatbed equipment trailers. All together, I would value everything at about $50,000. I am looking to sell all of this and am thinking about having an auction. Not sure a live auction will draw the best value out of this stuff, I'm thinking an online auction will get alot more exposure. I had a rep from K-bid (an online auction company) out today and really liked what he had to say. Once he left, I went to the K-bid.com website and looked at current and recently closed auctions. I wasn't impressed with things. They did not have a lot for farm equipment there, what they did have sold for bargain prices. I'm thinking I could do better elsewhere.
Any thoughts or recommendations on a route to sell equipment like this? I'm thinking with equipment like this, a competitive atmosphere such as an auction would be a good thing for me the seller. I'd love to hear others thoughts on this though.
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