Farm Equipment Appraisal: 3 Things to Know
Three things decide what farm equipment is worth: the purpose of the appraisal sets the premise of value, the market has seasons, and condition is verified in person.
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Selling the farm, settling an estate, or financing next season? Three things decide what the equipment is worth.
One. The purpose sets the number. An estate, a divorce, a bank loan, and an auction each ask a different question of the same tractor.
Two. The market has seasons. Planting and harvest move demand, and a defensible value reads the market, not just the book.
Three. Condition is verified in person. Hours, options, repairs, and what the machine has actually lived through.
Lukes and Lukes appraises farm equipment nationwide. Tractors, combines, implements, and whole line sales. Independent, USPAP compliant. lukesappraisals.com.
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