ag equipment appraisals
Rice Harvest in the Sacramento Valley
Rice harvest is underway! As usual, there’s concern about the weather, but harvest started last month with the early maturing varieties and will continue right into November. It’s fun to see all the videos of rice harvesting rolling onto the internet. Most of those videos are from the Sacramento Valley, where most of the rice in the U.S. is grown. All I have to do is take a little drive to see some live action harvesting, practically in my own backyard.
Bankruptcy Equipment Appraisals: 5 Steps to Saving Money
Part 1 of 2: Investory & Information
Eventually during a bankruptcy process, the Bankruptcy Attorney will advise procuring a Bankruptcy Equipment Appraisal Report. While this may seem like just one more expense, a USPAP equipment appraisal is critical to your bankruptcy process, whether you own an agricultural business, a manufacturing plant, factory, construction or excavating business, or a speciality production shop.
You already know how important it is to get an experienced qualified equipment appraiser to provide an appraisal report, and a previous post suggested how to get an estimate on how much the appraisal will cost.
Appraising Commercial Trailers in a Demanding Market
Recently I prepared an ag equipment appraisal for a transportation company in the Sacramento Valley. The bulk of the equipment was rolling stock–trucks and agricultural trailers. During my research, I realized that the commercial trailers had increased tremendously in value as the years rolled by. Hopper trailers, in particular, are trading at premium prices right now, and not just in California. Part of the reason trailers don’t lose value as quickly as other agricultural and commercial vehicles is obvious: no engines to break down, no odometers, no hour meters and very few moving parts mean that maintenance is less complicated.
What to Expect during an Equipment Appraisal
If you’re a business owner in the Sacramento or Northern California area who’s applying for an SBA loan, you might be wondering what’s involved in an equipment and machinery appraisal. This information would also apply to any qualified equipment appraisals you’ll want for buying or selling, expansion, insurance coverage, or future strategic growth planning.
