It has been a busy month around the farm dispersal sales and auctions, with farmers and dealers both on the hunt for good value, tidy machinery.
Tight cereal margins – despite a slight shift upwards in grain prices in September – and the weaker pound have influenced hammer prices, report auctioneers, but the large crowds at sales across the south east suggest the appetite for used kit remains unsatisfied.
The best machinery may have a few years of use clocked up but continues to attract prices not far off what some vendors originally paid for individual items.
Grassland and livestock kit has been less strong, but purchasing of such machinery is often done on a more seasonal basis.
Export buyers have been in contention again and are a welcome force with sterling valued at €1.16 at the end of September.
Auctioneers expect to see overseas buyers’ presence continue over the coming weeks as other European farmers face the same squeeze on margins.