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Bumper harvest may not mean strong sales

SALE TIME: Reg Keatley will be one vendor holding a clearing sale in the February selling season this year. Reg’s sale will be at his property, 15 kilometres south of Jamestown. He will be selling part of his 190 hectares and will lease 108ha of that to his neighbour. A hay contractor for 22 years, Reg says he will sell some hay machinery as well as headers, tractors, airseeders and a combine. CLEARING sales across the State will crank-up in the coming weeks but the bumper harvest may mean that farmers will be more keen to pay-off debt rather than purchase machinery, according to some rural agents.
Nanjing Night Net

So far, 20 clearing sales have been advertised for February, which is slightly down on last year’s numbers.

Elders Loxton’s Cameron Cooney said the good cropping season meant that farmers were keen to pay-off debt before looking to upgrade their machinery.

“Because of the tightness of the past few years, the good returns this year would certainly help to reduce a bit of debt,” he said.

“That’s probably going to be the foremost on a lot of people’s minds and then people would look at upgrading machinery.

“What the season has done is give a lot of people the chance to repay debt. I think if people look ahead and see another season like what we’ve just had then they probably don’t want to sell.”

Mr Cooney said a sale at Bugle Hut via Loxton was attracting interest from New South Wales and Victoria with the vendor offering the usual farming plant as well as a few rare gems.

“The vendor has got quite a few old John Deere tractors up for sale that he’s collected over the years, one of which is one of only two in Australia which should attract a fair bit of interest,” he said.

Landmark Wudinna’s Bill Sargent agreed, saying sales on Eyre Peninusla also seemed to be not as common as last year.

“It certainly is a little bit on the quieter side. On the EP it doesn’t seem like the run of sales that we normally have, it just seems a little bit thin on the ground this year,” Mr Sargent said.

“The good season is obviously helping people right across the board to consolidate their position in the business so that’s got to be a big plus toward the industry going ahead as normal.

“Compared to last year sales are definitely down. On the EP as a whole there just doesn’t seem to be a lot of sales advertised at the moment.”

But Mr Sargent said that despite the low numbers of sales, enquiries for sales that were scheduled have been looking positive.

“The enquiries on the sales we have got have been very promising. We’re getting calls regarding the big items right down to the small items so hopefully that can translate into some good bidding on the day.”

*Full report in Stock Journal, January 27.

This story Administrator ready to work first appeared on Nanjing Night Net.

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