Good quality second-hand machinery met strong demand from farmer buyers at a recent auction in Norfolk, with some high-priced lots comfortably exceeding expectations.
The sale, held at JW Spencer Farms Limited near Thetford, organised by auctioneer Brown and Co, consisted of 17 tractors, a combine, specialist root machinery and a range of cultivation equipment.
The auction followed a decision by the farming company, which operates a 1,420 hectare (3,500 acre) enterprise, to collaborate with Norfolk-based Greens Farming Limited.
Buyers came from as far as Aberdeenshire and Cornwall and several keen bidders travelled from Ireland and mainland Europe, said Brown and Co auctioneer Chris Purllant. “All the machinery was very well maintained. Each of the tractors had been tidied up by the local main dealer ahead of the sale, and some were still under warranty.
“That made a big difference. We had over 350 people registered to bid on the day and many more waiting in the wings to make online bids. We saw some keen bidding as a result and some excellent prices.”
The farm’s Claas Lexion 760TT, bought in 2011 with 1,500 hours on the clock, made the day’s top price, with the hammer falling at £120,500.
Several Fendt tractors accounted for the next best prices, with some well above expectations. A 2014, 936 with extended warranty up to 6,000 hours made £88,500 and a 936 from 2012 with similar warranty reached £71,800.
A pair of 724s dating from 2013 with 3,100 hours and 4,600 hours also sold well, making £69,000 and £60,500 respectively.
New Holland tractors were also keenly sought after. A T7.210 dating from 2013 sold to an Irish buyer for £38,900 and two sister tractors made £35,000 and £31,800.
A five-year old 2011 SAM Vision 4.0, 24m self-propelled sprayer sold for £39,000 while a 2012 JCB 531-70 Agri Super Loadall with 1,700 hours achieved £35,500.
The current squeeze on farm incomes meant increasing numbers of farmers were shunning even heavily discounted new machinery in favour of good quality used kit, Mr Purllant explained. “Although we have seen a slight weakening of the sterling, exporters are still thin on the ground. Farmers were very much to the fore on the day, as they have been all winter.
“Prices were probably top of the tree at this sale, which shows the value of looking after kit, especially given agriculture’s current economic climate.”
Provided kit was presented well, Mr Purllant predicted further good prices at future sales.