What You Need to Know About Online Farm Equipment Auctions

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The onset of Covid 19 changed the way we do things a lot. Let’s take auctions for example; before 2020, most auctions were held at physical locations, which was kind of restricting, and although online auctions were still there, they weren’t that popular. 

But now, most people have realized the benefit of online auctions, especially when it comes to farm equipment. Whether you’re buying farm equipment or selling it, you can be sure to get the best deals and tons of prospective customers and sellers. 

Read on as we tell you everything about online farm equipment auctions, from what they are to where you can find them. 

What Are Online Farm Equipment Auctions?

Online farm equipment auctions work like your regular auction, the only difference being the fact that you participate remotely and place bids at the comfort of your home or office. 

In online farm equipment auctions, bidding starts on a specific day and runs for a week or so. During this time, you can review numerous farm equipment through photos and videos and bid on your favorite. And just like in live auctions, the highest bidder at the time it closes wins the equipment

Why Turn to Online Auctions?

Unlike your typical local farm equipment dealer or auctioneer, online auctioneers have extensive collections that are not limited to one brand or manufacturer. They’re also not biased towards a particular brand or piece of equipment. 

The availability of such a wide section of equipment enables you to evaluate the pros and cons of each item, thus increasing your chances of getting the best equipment and landing the best deal. 

One of the major perks of online farm equipment auctions is that you can bid or sell from anywhere. This completely eradicates the inconvenience and restrictions posed by traditional auctions where you had to attend the auction physically.

As a seller, placing your farm equipment on an online auction platform enables you to get instant feedback from a multitude of interested buyers. Online auctions also put you at a significant advantage of getting a better deal for your equipment due to varying competitive bid prices from different buyers.

Types of Online Auctions

There are two types of online auctions: person-to-person and business-to-person. In person-to-person online auctions, the individual sellers offer their equipment directly to buyers. Generally, the seller retains physical possession of the equipment until the auction closes. The seller then gets in touch with the buyer to arrange the payment and delivery of the equipment.

On the other hand, in business-to-person online auctions, the business retains physical control of the equipment and accepts payment from the buyer. In both cases, the mode of delivery is agreed upon by the buyer and seller after the bid closes.

How to Get Into an Online Farm Equipment Auction

To get into an online auction, you first have to register with an online auctioneering company before you are allowed to buy or sell anything. The primary purpose of the registration is to keep track of the equipment you bid on or sell. It also helps the auctioneer keep up with the bids as well as build a database on the buyers and sellers. 

Ready to Get Started?

Online farm equipment auctions offer the most convenient way to sell and bid on farm equipment. At Tractor Zoom, we partner with over 500 auctioneers and 400 dealer locations across the country to provide you with a wide selection of farm equipment at the best deals.

Upcoming Farm Equipment Auctions, October 2021

The harvest season is coming to a close in the Northern states. That means it’s the perfect time to update your farm equipment. Whether you’re scaling up operations in 2022, launching a new ag enterprise, or just looking to get special equipment at a great price, check out one of these upcoming farm equipment auctions.

Bid in person or online, with TractorZoom.com.

October 20: The Four Corners Construction Company Liquidation Auction, Online Only in IA

This online-only event starts at 5 pm Iowa time. You’ll need to register to bid online.

Offerings include:

    • A 2014 Ford F-150
    • A 2019 RAM 2500
    • A 2016 Bobcat
    • And one Gehl DL6H

October 23: The Fall Equipment Consignment Auction in Indianola, IA

This massive farm/construction equipment auction is sure to have something for everyone. Register today to bid online, or visit the sale in person at County Road R63 in Indianola. 

While this auction is too big to describe in detail here, all the big-name equipment is there, including:

    • John Deere tractors
    • Farm King
    • Dodge RAM pickup trucks
    • International Harvester
    • New Holland 
    • Chevy trucks
    • And Ford trucks

Whether you’re hoping to visit a farm equipment auction in-person or online, Tractor Zoom has all the resources you need! Find the best farm equipment, semis, tractors, combines, balers, UTVs and pickup trucks at TractorZoom.com. 

The Tractor Zoom Mission

At Tractor Zoom, our goal is to make it easy to buy farm equipment online. We provide a unique and easy-to-use website to connect farmers with equipment sellers around the globe. Our mission is to overhaul the advertising process for sellers and simplify the decision-making process for farmers.

To date, we’ve partnered with more than 500 auctioneers and more than 400 dealer locations around the US. Our goal is to provide you with the best, most up-to-date information about upcoming farm equipment auctions. Check out our blog for more farm equipment tales and topics, and contact us if you need to know more. 

Tired of Scrolling Around?

When you’re in the ag business, time is money. Try our online app. Just set some parameters, like location, equipment model number, or date. We’ll notify you when something suits your needs.

 

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A Tractor Zoom Preferred Partner can connect with farmers searching for equipment in specific zip codes. Your brand and contact information is displayed alongside the farm machinery being searched for by buyers in your serviceable counties. The buyer will purchase equipment from any auction in the US, but they’re highly likely to finance and insure locally. Continue reading “Advertising for Ag Lenders and Insurers: Stay Visible to Local Farmers”

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With the advent of online bidding, auctioneers are seeing new bidders coming to them from all over the country, and even all over the world. Having clear, easy to digest information available to online shoppers is critical to making the next sale and maximizing returns.

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What is My Tractor Worth?

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Update:

Tractor Zoom has recently launched Iron Comps Insights, a first-of-its-kind product that provides reliable farm equipment values backed by auction data from over 430 auctioneers across North America! We built it to help farmers make better farm equipment buying and selling decisions! Click here to learn more about Iron Comps Insights and take it for a test-drive!

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You can look at websites like Craigslist to get a good idea at how asking prices are varying by location, but you need to keep in mind that these are asking prices, not what they actually sold for. You can take this information and balance it out with the values you see they are selling for.

Continue reading “What is My Tractor Worth?”

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