Agricultural Machinery and Dairy farm equipment ends 12th May. Malpas.
- Thread starter Netherfield
- Start date
rusty
Member
- Location
- Buxton Derbyshire
15% buyers premium!
Tarw Coch
Member
- Location
- Bottom of Wats Dyke
Reading that lot it seems very off putting to me, I'd have thought they'd get a far better trade having a traditional farm sale but I guess in these situations no one gives a fig about that so long as the vultures get fed.
RLC
Member
- Location
- North Yorkshire
15% is insane!
Tarw Coch
Member
- Location
- Bottom of Wats Dyke
Is that really all their farming possessions? Most farm sales have more small lots than big stuff. Surely there a cow hoist, calving aid, electric fence etc.
It just feels like the receivers are just looking to get some easy cashon the big stuff but aren't there to get as much money as possible to the benefit of the creditors or to return as much surplus possible to the family who find themselves in this situation . Do liquidators have any duty of care to get as much as possible or are they just there to sell stuff for whatever they can get so long as they get their cut? I guess 15% of a calving aid ain't worth bothering with for them I wonder what happens to this sort of stuff, possibly chucked in a skip! A very sad scenario.
It just feels like the receivers are just looking to get some easy cashon the big stuff but aren't there to get as much money as possible to the benefit of the creditors or to return as much surplus possible to the family who find themselves in this situation . Do liquidators have any duty of care to get as much as possible or are they just there to sell stuff for whatever they can get so long as they get their cut? I guess 15% of a calving aid ain't worth bothering with for them I wonder what happens to this sort of stuff, possibly chucked in a skip! A very sad scenario.
gone up the hill
Member
- Location
- Devon
Is the family that are featured on youtube in a video about tomorrows farmers??
Had over 850 head of cattle as well.
Sad times for them.
Had over 850 head of cattle as well.
Sad times for them.
RobFZS
Member
i heard they're not selling up fully, but they have some debt to clear
they have an old 3cx in a field as you drive passed and that's not for sale so somethings going on
Tarw Coch
Member
- Location
- Bottom of Wats Dyke
But in FW it says the sale is by order of the liquidators, that doesn't sound like clearing up a bit of debt to me.
If I was in control and needed to raise a bit of cash I certainly wouldn't have chosen this method of sale.
Speedstar
Member
- Location
- Scottish Borders
The job of liquidators is to sell the kit at as little cost to the company as possible,that is why most are on line auctions with buyers premium, never good and things are always cheap at this type of sale,very sad but that is how it is
gone up the hill
Member
- Location
- Devon
Few people have already started bidding, they have over 10k for the 6320 and loader already!
If that is the same family as in the video on youtube im not sure I would want to buy it given how they have treated it.
Ref the debt, the whole herd of 850 cattle were sold at the time they went into receivership and now the machinery by the receivers is being sold so it must be some debt, youtube video says last year was their 100th year of farming.
RobFZS
Member
got a link to the vid?
gone up the hill
Member
- Location
- Devon
No but if you google the business name then the video will come up on the second google page..
Nice clip of them doing a massive wheelie with the JD with a straw chopper on the back, farm looks in one hell of a mess as well tbh..
Tarw Coch
Member
- Location
- Bottom of Wats Dyke
Yes, I did that with a strawchopper on demo, it convinced me to buy a trailed.
Yes, I'm sure those lads were playing up to the camera, most would, I'm sure I'd have been no better at their age. It doesn't make it big, clever or right but lads will be lads, anyone who hasn't done a few foolish things in their youth has probably led a pretty boring life. Of course if I'd been caught doing that my dad would have kicked my ass/give me a bollockin, maybe their dad did too when he saw the video.
Yes, I'm sure those lads were playing up to the camera, most would, I'm sure I'd have been no better at their age. It doesn't make it big, clever or right but lads will be lads, anyone who hasn't done a few foolish things in their youth has probably led a pretty boring life. Of course if I'd been caught doing that my dad would have kicked my ass/give me a bollockin, maybe their dad did too when he saw the video.
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Speedstar
Member
- Location
- Scottish Borders
Would be interesting to know which bank or finance house has done this to them as this is very rare in the agricultural world