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Increase expected in 2019 on-farm machinery sales

January 2, 2019 by  
Filed under Machinery

Cambridgeshire auctioneer Cheffins expects the number of machinery sales to rise in 2019 as contract farming arrangements continue to increase in popularity.

Cheffins hosted 41 agricultural machinery and plant auctions during 2018 at its Sutton showground, near Ely. It also hosted 24 on-farm auctions – with gross sales of £11m. Total year-on-year sales were up £1m – reflecting strong demand for quality second-hand machines.

On-farm sales across East Anglia and beyond have grown in popularity over the past five years, with a tangible increase over the past 12 months due to a lack of successors taking on farm businesses, says Cheffins director Oliver Godfrey.

The two biggest sales of the year were in Lincolnshire and County Durham, on behalf of Rainthorpe Farms Ltd and Leslie Brown Contracting, which both grossed over £1m. Alongside these were six sales which amounted to over £500,000 apiece.

“The number of on-farm sales is likely to increase in 2019, due to succession issues and early retirement plans, alongside the growth of contract farming arrangements,” says Mr Godfrey.

“In addition, Brexit negotiations and uncertainty around subsidies could well result in more farmers looking to change direction of the business and this could also increase the number of sales undertaken next year.

“Selling everything on the farm from the biggest tractors and combines through to spanners, tyres and workshop equipment, we forecast that on-farm sales, large or small, will continue to be the method of choice for farmers across the UK to disperse of surplus items.”

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