Buying and Selling Used Farm Equipment

Dangers of Rolling Equipment
“Low hour, high dollar used equipment inventory is the single biggest problem in the farm equipment
industry right now,” Harmon says. “There is so much over priced used equipment sitting in dealers’ lots
right now and they can’t move it. That comes home to roost when you add low commodity prices.”
Harmon says the key to Big Equipment’s success in buying and selling used equipment is that he won’t
take in a farmer’s brand new machine and sell him a new one for a low price every other year. In other
words, he doesn’t roll equipment.
“When we sell new equipment, we’re unwilling to take the 5-10% margin that other dealers have been
doing. Our margins are consistently much higher than that,” he says.
iv.
What are the Major Benefits of Buying Used Farm
Equipment?
When we talk about used farm equipment we can immediately imagine the beat-up form and condition
of the multiple tractors, combines, pickers, ploughs, etc. It is hard to picture them in perfect condition,
and you may want to avoid purchasing used farm equipment. Though there are various benefits of
buying used equipment, here we have mentioned ten of the best reasons to consider it:
1. Small and new projects in agriculture can save a great amount of money. A small farming
venture or a start-up farmer can cut a significant startup amount by opting used machinery.
Depending on the type and size of a farm, the investment can be reduced in almost any part,
from nut carts to ploughs, tillage equipment, heavy-duty tractors and reliable used gears.
2. Your moneylender may insist you to purchase used equipment with the funds. That is, again, a
way to cut the startup costs and make sure that your farm has the right machinery.