The disposal of superfluous equipment presents a good opportunity for the agricultural sector to raise funds quickly and easily
With the drought and flailing national economy making life tough for South Africa’s farmers, the disposal of superfluous equipment presents a good opportunity for the agricultural sector to raise funds quickly and easily, says Park Village Auctions’ head of asset recoveries.
“Embattled farmers will find it difficult to afford new equipment so they should consider auctions to find affordable used equipment,” says LeRoy Augustyn.
“The number of farm liquidations has increased and when these liquidated assets are put up for auction, buyers can find a wide range of complementary equipment, usually still operational and ready for several more years of farming.
“Recently PVA has auctioned combine harvesters, trucks, tractors, loaders, ploughs and other equipment. We suggest that buyers watch the auction pages and visit the PVA website www.parkvillageauctions.co.za daily to identify equipment required. Bidders can either attend the auction in Pietermaritzburg on February 15 or bid online.
“Farmers who need financial assistance can engage with PVA to discuss services to raise revenue.
“These may include inventory valuations and structuring of special and notarial bonds and asset disposals, as well as advice on asset stripping, downsizing and restructuring of inventories and other vital issues.”
For more details, call 0117894375.