Buying Ag Equipment at Auction in North Dakota: A Guide from Resource Auction

North Dakota is a state with a rich agricultural history, and its farmers are some of the most hardworking and dedicated in the country. As a result, there is a thriving market for agricultural equipment in North Dakota, and auctions are a popular way to buy and sell this equipment.

In this article, we will provide a guide to buying agricultural equipment at auction in North Dakota. We will cover everything from how to find auctions to what to look for when inspecting equipment. We will also provide some tips on how to get the best deal at auction.

Finding Auctions:

The first step in buying agricultural equipment at auction in North Dakota is to find auctions that are selling the type of equipment you are looking for. There are a few different ways to do this.

One way is to search online. There are a number of websites that list agricultural auctions, such as Machinery Pete and Fastline. You can also search for auctions in your local newspaper or on the websites of local auction companies, such as ours that we’re proud to say shows up on the first page of relevant Google searches.

Another way to find auctions is to network with other farmers in your area. They may know of upcoming auctions that you are not aware of. You can also ask your local farm equipment dealer if they know of any auctions that are selling the type of equipment you are looking for. Additionally you can work with veterans in the field like Dennis Biliske who always seem to know where the next great auction deal can be found. No matter what a buyer may be looking for in the AG space Dennis and team are an incredible resource because of their experience, team, and unparalleled reputation. 

Inspecting Equipment:

Once you have found an auction that is selling the equipment you are looking for, it is important to inspect the equipment before you bid on it. This will help you to avoid buying equipment that is not in good condition.

When inspecting equipment, look for any signs of wear and tear. Pay special attention to the tires, engine, and hydraulics. If you are not sure what to look for, you may want to bring a mechanic with you to the auction.

***Resource Auction upsell opportunity here, i.e. Resource Auction provides people on site with knowledge of the equipment and can help answer questions, enabling you to make a better decision***

Bidding on Equipment:

Once you have inspected the equipment, you are ready to start bidding. When bidding on equipment, it is important to set a budget before you start bidding. This will help you to avoid overspending.

It is also important to be aware of the reserve price. The reserve price is the minimum amount that the seller is willing to accept for the equipment. If the bidding does not reach the reserve price, the equipment will not be sold.

If you are the high bidder, you will be responsible for paying for the equipment and having it delivered to your farm. Be sure to factor these costs into your budget before you start bidding.

Conclusion:

Buying agricultural equipment at auction can be a great way to save money. However, it is important to do your research and inspect the equipment carefully before you bid. By following the tips in this blog post, you can increase your chances of buying quality equipment at a good price.

Here are some additional tips for buying agricultural equipment at auction:

• Do your research.
  Before you start bidding, it’s important to research the type of equipment you are looking for. This will help you to determine a fair price for the equipment.

• Inspect the equipment carefully.
  Once you have found an auction that’s selling the equipment you are looking for, be sure to inspect the equipment carefully before you bid. This will help you to avoid buying equipment that is not in good condition.

• Set a budget.
  Before you start bidding, it is important to set a budget. This will help you to avoid overspending.

• Be aware of the reserve price.
  The reserve price is the minimum amount that the seller is willing to accept for the equipment. If the bidding does not reach the reserve price, the equipment will not be sold.

• Be prepared to pay for the equipment and have it delivered.
  If you are the high bidder, you will be responsible for paying for the equipment and having it delivered to your farm. Be sure to factor these costs into your budget before you start bidding.

We hope this blog post has been helpful! If you have any questions about buying agricultural equipment at auction, please do not hesitate to contact us.