Farm Ireland
Independent.ie

Sunday 25 June 2017

Auction action settling down

This 2008 John Deere 6930 Premium made the biggest money on the day when it fetched €55,500 from a bidder on the floor, out-bidding an online bidder from Kerry. A 2006-plated John Deere 6920S was bid to €34,000 but failed to sell, while a 2001 John Deere 6910 fetched €17,000
This 2008 John Deere 6930 Premium made the biggest money on the day when it fetched €55,500 from a bidder on the floor, out-bidding an online bidder from Kerry. A 2006-plated John Deere 6920S was bid to €34,000 but failed to sell, while a 2001 John Deere 6910 fetched €17,000
This 2004 New Holland TM140, with 5,000hrs on the clock, exceeded its reserve by €500 to fetch €24,500
This 2007 CaseIH MXU100 was one of several tractors being sold by banks or financial institutions and it provisionally sold for €19,200 - but the bidder will not know for several days if the sale has been approved with the financial body
One of two Kubotas to be auctioned, this 2007 Kubota ME9000 had just 2,199 hours on the clock and provisionally sold for €12,000
On British plates and with 5,317 hours on the clock, this 1986 Massey Ferguson 298 was bought online by a Mayo bidder for €3,900
This Millennium-manufactured Major LGP slurry tanker on big shoes came with an auto-fill attachment and fetched €7,400
This Lely Lotus 770 tedder provisionally sold for €6,000
One of two Welger RP220 Profi balers provisionally sold for €6,200
This 2008 Amazone KG3000 power harrow attracted several serious bidders and sold for €8,000

Bruce Lett

Auctions such as the one held last Thursday by Ganley Craigie just outside of Naas, Co Kildare, could be used as a rough barometer of the economic health of the nation.

The last time we visited a plant and machinery auction at this venue in early 2010, it was packed with both equipment for sale and buyers.

Last year, there was an enormous amount of kit for sale, in particular rigid and articulated trucks, plus plant from both the building and agricultural sectors.

This time around there was far less plant and commercial equipment for sale, albeit high-end quality equipment.

Indicator

There was also less high-end agricultural equipment, in particular tractors, up for sale. This is a good indicator that things have thankfully settled down within the farming and contracting industries.

That said, though, there appeared to be a number of farmer or stockman specification tractors that were up for auction under the direction of the banks or financial institutions. There was also a quantity of rougher tractors and machinery, which didn't draw much interest.

The following is a sample of what was on offer, and the prices quoted are the 'hammer' prices.

VAT and the auctioneer's fee need to be added to all. The auctioneer's fee is 7.5pc on items under €2,500 and 5pc on items over €2,500. VAT in all instances is 21pc.

Indo Farming