|HIRE AN APPRAISER WHO KNOWS FARM EQUIPMENT AND MACHINERY
An appraiser is liable to encounter many different types of specialized vehicles and equipment. Mowers, cutters, trenchers, tillers, balers, spreaders, forklifts, sweepers, hay rakes, splitters, backhoes, mixers, trucks and trailers of every kind, sod layers, tractors, skid loaders, dozers, cranes and more are found on horse farms, nurseries, citrus groves, sod farms and the like. When you need an expert for financing, insurance, a bankruptcy or charitable donation for an IRS tax-deduction, hire an appraiser who knows farm equipment and machinery.
If you are insuring any of these types of motor vehicles or equipment, you’ll need an independent appraisal for the insurance underwriter. Borrowing for some needed upgrades to your fleet necessitates valuation appraisals for the bank. Have the unfortunate luck to be involved in a bankruptcy or partnership dissolution and need an appraisal of your machinery? Call an appraiser such as The St. Lucie Appraisal Company
to guide you through the process. Likewise, if you are donating vehicles and equipment, in order to qualify for IRS tax credits, you’ll need to submit an appraisal of the items.
Hire an Expert Farm and Heavy Equipment Appraiser
Manufacturers of farm equipment are as diverse as their products. Part of an appraiser’s job is to know how to obtain necessary information from these companies and their dealers. Different vehicles and equipment have different life spans which is also important information when appraising used equipment. Depending on a number of factors, equipment that is fully depreciated may or may not still have value. Allis-Chalmers, International Harvester, John Deere, Massey Ferguson , McCormick, New Holland are just a few of the manufacturers commonly found.
Heavy truck manufacturers include Peterbilt, Kenworth, Mack, Ford, International Harvester, Hino, Freightliner and Volvo. Trailer manufacturers include Utility, Haulmark, Trailmobile, Dorsey and Great Dane. Without a working relationship with these manufacturers and their dealers, an appraiser’s job would be nearly impossible. The value of a truck can be as much as 50% more than a similar unit due to power train and comfort options. Trailers that were built for specialized operations like log hauling or lowboys used for the transport of construction equipment can last much longer than generalized equipment like cargo haulers because they are usually better-maintained. Their uniqueness makes them more difficult to replace, especially on short notice at the height of a growing season, for instance. If you own a semi, trailer or other heavy equipment, be certain it has been properly appraised.