Farm sale.

After a fair shift in farming practises, we've a large amount of gear that is not getting used, or getting used that little that it is point less.

Looking to have a farm sale as a way of shifting it all relatively hassle free.
Has anyone on here had a genuine farm sale and how did you get on?

Thought about advertising it all individually but is it worth the aground?

I tried to advertise a combine and a sheep race on here, and both got deleted, so wasn't that success full. Probably my fault for doing it wrong, but even here would involve a lot of wasted time.
Have you got a 360 less than 7.5 ton to go?
 
All depends on what you are selling.....old and knackered
And how much your keeping..... relevant to the farm now

" change in farming policy " type of sale....... people will know not everything you own is to be sold as apposed to a "retirement sale "..everything is for sale.

Total amount of items ...............,from pile of scrap to a big tractor .outside entries from local farmers .

Firstly speak to your accountant as my have tax implications on disposal of assets, this tax year or next other tax issues .
Then pick your auction house as costs ( posters, printing ,toilets and the big one ADVERTISING) and % taken as commission may differ. Not forgetting to ask the number of days it will take them to pay you.

See if they can accommodate your "date" ( in the working week or a Saturday sale means potentially more punters)

Get your own burger van man and " do a deal " (£200 ground rent and 15% of total sales ) that helps pay your costs.

Ask for a "cut " of there commission on outside lots entered. ( again helps with your costs )

Other costs to consider.
Loading / forklift man,stone for gateway,total number of hours for their staff before during and after the sale.

That's what I did 2 yrs ago
 

Sheepykid

Member
All depends on what you are selling.....old and knackered
And how much your keeping..... relevant to the farm now

" change in farming policy " type of sale....... people will know not everything you own is to be sold as apposed to a "retirement sale "..everything is for sale.

Total amount of items ...............,from pile of scrap to a big tractor .outside entries from local farmers .

Firstly speak to your accountant as my have tax implications on disposal of assets, this tax year or next other tax issues .
Then pick your auction house as costs ( posters, printing ,toilets and the big one ADVERTISING) and % taken as commission may differ. Not forgetting to ask the number of days it will take them to pay you.
I've been in a similar position myself the last 18 months disposing of contracting machinery. That's been a right pain trying not to give too much of your AIA back. I know it's not totally avoidable. But surprising how you can soak up some disposal profit on a bit of concrete an some gates barriers etc in your new dairy setup or for me beef setup. However I just took the route of painfully meeting prospective buyers until one of them opened there cheque book. As it helped delay the profits a bit. I would assume most would agree if you sold 100k of machinery we wouldn't like handing 40k back.
 
All depends on what you are selling.....old and knackered
And how much your keeping..... relevant to the farm now

" change in farming policy " type of sale....... people will know not everything you own is to be sold as apposed to a "retirement sale "..everything is for sale.

Total amount of items ...............,from pile of scrap to a big tractor .outside entries from local farmers .

Firstly speak to your accountant as my have tax implications on disposal of assets, this tax year or next other tax issues .
Then pick your auction house as costs ( posters, printing ,toilets and the big one ADVERTISING) and % taken as commission may differ. Not forgetting to ask the number of days it will take them to pay you.

See if they can accommodate your "date" ( in the working week or a Saturday sale means potentially more punters)

Get your own burger van man and " do a deal " (£200 ground rent and 15% of total sales ) that helps pay your costs.

Ask for a "cut " of there commission on outside lots entered. ( again helps with your costs )

Other costs to consider.
Loading / forklift man,stone for gateway,total number of hours for their staff before during and after the sale.

That's what I did 2 yrs ago

The auctioneers are a given, my oh works for them so my hands are tied. Not that there is anywhere else i would go.

If we do it, all machinery will be for sale, with a few items holding a hefty reserve, but only a few items.

It would be a good year for tax reasons as I'm spending a fortune on another couple of machines.

As for the change in farming policy bit, I suspect the jungle drums will be rolling with the story of gone scat, I've broad shoulders.

Will be held right on the main road in July, so would hope the ground will hold, there is a hardstanding yard right next to, for loading tractors on to lorrys.
 
I've been in a similar position myself the last 18 months disposing of contracting machinery. That's been a right pain trying not to give too much of your AIA back. I know it's not totally avoidable. But surprising how you can soak up some disposal profit on a bit of concrete an some gates barriers etc in your new dairy setup or for me beef setup. However I just took the route of painfully meeting prospective buyers until one of them opened there cheque book. As it helped delay the profits a bit. I would assume most would agree if you sold 100k of machinery we wouldn't like handing 40k back.
Anything left for outside entries?
 

SFI - What % were you taking out of production?

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Red Tractor drops launch of green farming scheme amid anger from farmers

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As reported in Independent


quote: “Red Tractor has confirmed it is dropping plans to launch its green farming assurance standard in April“

read the TFF thread here: https://thefarmingforum.co.uk/index.php?threads/gfc-was-to-go-ahead-now-not-going-ahead.405234/
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