Farmers Guardian
News
Word ‘milk’ banned for use in branding of plant-based products

Word ‘milk’ banned for use in branding of plant-based products

This Is Agriculture - Sponsored

This Is Agriculture - Sponsored

DataHub

DataHub

Auction Finder

Auction Finder

LAMMA 2020

LAMMA 2020

You are viewing your 1 free article

Register now to receive 2 free articles every 7 days or subscribe for unlimited access.

Subscribe | Register

Cheffins reports uplift in second-hand farm machinery market value

Cambridgeshire-based auction house Cheffins has cited the weak pound, strong commodity prices and high purchase price on new machines as major factors responsible for a 13 per cent increase in second-hand sales value.

TwitterFacebook
Share This

Cheffins reports uplift in second-hand farm machinery market value

Through the second quarter of 2018, £10.07 million was traded through the auction house.

 

It says export buyers have underpinned the value of kit, 80 per cent of which sold overseas, with Ireland being the biggest buyer, while domestic buyers keen to secure quality machines spent over £2m.

 

On farm sales remain well supported by buyers says Cheffins, as vendors enter joint ventures with neighbours, or require more capacity to cover increasing acreages, exchanging for larger and newer machines.


Read More

Follow a farmer: Graduate starts unique geese business from scratchFollow a farmer: Graduate starts unique geese business from scratch
How farmers can make sure they stay fuel safe this summerHow farmers can make sure they stay fuel safe this summer
JCB invests £50 million in cab production facilityJCB invests £50 million in cab production facility
Strong demand for vintage machinery as collectors battle for rare lotsStrong demand for vintage machinery as collectors battle for rare lots
TFA urges farmers to prepare for ‘no deal’ Brexit amid political chaosTFA urges farmers to prepare for ‘no deal’ Brexit amid political chaos

The top-selling lot for the second quarter was a 2013 John Deere S680, which realised £149,000.

 

Bill King, Chairman of Cheffins says: “Many farmers are not stopping expansion plans due to Brexit – and higher BPS payments and rising commodity prices have created favourable conditions within the market, even though the future of subsidies remains unclear.

 

"The number of on farm sales has doubled in the past three years, with more planned for the remainder of the year.”

TwitterFacebook
Post a Comment
To see comments and join in the conversation please log in.

Most Recent

Facebook
Twitter
RSS
Facebook
Twitter
RSS