The skill of an independent appraiser is to formulate an unbiased value based upon a thorough understanding of the farm equipment market, while using real data from multiple data sources — “guesstimating” it is not.
There’s more to farm equipment appraising than meets the eye. We talked to several experienced appraisers to get their take on the current market for used agricultural equipment in this unusual environment.
Brian McGahey of Ringling, Oklahoma, has been an independent appraiser for the past 18 years and said he uses several data sets when figuring farm equipment valuations.
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