Sale Report from Bill Pepper, Director at Cheffins
"The increase in agricultural commodity prices, coupled with the sterling/euro exchange rate favouring export has created a buoyant effect on the collective and on site auctions hosted by Cheffins in the last few weeks. The positive sale results achieved post Brexit have continued with the larger tractors and plant items selling well, however, some of the older Massey have struggled due to high reserves. We are encouraging vendors to be realistic with their expectations as we are unable to achieve the stratospheric sales figures that we saw a couple of years ago. The 'Drive-Through' auction was again a great hit and the percentage sold and the prices achieved is working well."
Almost 400 tractors were offered for sale and the generic trade saw over 50% finding new homes. Trade was a little softer for some of the older Ford/New Holland models but this was compensated by demand for Massey, Case and John Deeres. The trade for John Deere models was as good as it's been for many months with a host of Belgian, Polish, German, Spanish and UK activity on I-bidder. Top 'Deere' of the day was a 2012 6210R which topped £52,000 with the same buyer snapping up a 6190R for just £38,000. Spanish Euros bought a 2010 6830 for just over £22,000 and a 2007 is off to Poland for £22,000. Older Massey 100, 200 and 500 series fared relatively well this month with the continued return of some of the East African buyers.
All JCB items sold, with a 2009 Power Shift off to Turkey for just under £27,000 and a good-looking 1996 manual heading straight to Sri Lanka after reaching a respectable £13,000 plus. Demand continues to be insatiable for Project 12s and 21s, both manual and powershift in order to fill the requirements of buyers who are present every month.
Good quality later machines dominated a very good telescopic trade. Lower value sterling certainly encourage much stronger bidding from the European countries including Romainia, Eire, Poland, Lithuania, Hungary, the Ukraine and the Czech Republic. A 'like new' Merlo 41.7 built in 2012 but with just 33 hours on the clock stole the show together with a 2013 Dieci Apollo 25.6 in 'showroom' condition after just 77 hours of work.
A good selection of vans from one source encouraged many buyers to attend the vehicle sale. All of these sold to the UK and Eire. VW Caddys proved the most desirable with 2013 models making between £5,500 and £6,000. Other notables included a Land Rover 90 TDI on an 'M' registration achieving just under £3,000; a 2006 Toyota Hi Lux over £4,000 and a 2005 Ford Ranger which is off to Turkey for £3,000.
There was a concentrated entry this month with spirited bidding for anything bright and shiny. Fertilizer spreaders sold well with Amazone and the Vicon Vari-Spreaders a virtual sell-out. Rotovators did well as Cypriot and Lebanese buyers competed for the stock on offer.
Larger cultivation equipment traditionally sells well at this time of year; plough trade was on the increase - whether this is due to Black Grass issues or the positive exchange rates for exports. A Kvernland PD100 6 furrow is Czech-bound for £4,200 and a 4 furrow took £1,600.
With the grass cutting season nearly over, attention now focusses on RTVs and ATVs. A good selection was available with a 2013 John Deere gator attracting keen bidding and selling well at £4,800. A small selection of mowers were still available for the keen gardener with two Countax A20-50 available, selling well over the £1,000 figure.
Spares & Generators
Over 66% of all spares, wheels and tyres sold well. Spares for most makes of tractors, especially Massey Ferguson, can be bought for a fraction of the 'new' price. Tinwork, weights and drawbars are also an attraction in this sale. £1,000 can get you a good set of Rowcrop wheels with plenty of tread.
The next Cheffins Machinery Sale is on Monday 7th November and entries in all sections are invited. Please note that the 'Drive-Through' tractor sale will start at 10am next month. All other sales will commence at their advertised times. Please click here to access our online entry form.
We will also be hosting the Cheffins Rural Business & Planning Clinic on Monday 7th November. This is for clients who may wish to take advantage of free professional advice in respect of changes of use for farm buildings; building plots; enforcement matters; permitted development rights; farm diversification. No appointments are necessary - please just enquire at Reception on the day of the sale or email Cheffins Planning team.