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Archive for the Appraisals Category

IS IT TIME TO SPLIT UP THE FARM?

IS IT TIME TO SPLIT UP THE FARM?

CAN THEIR PROBLEM BE SOLVED? By Myron Friesen Successful Farming Staff http://www.agriculture.com/content/is-it-time-to-split-up-the-farm HOW DO BROTHERS WHO HAVE ACCUMULATED A SIZABLE OPERATION PASS ON THE FARM WHEN THEY ARE NO LONGER TALKING AND THEIR CHILDREN HAVE DIFFERENT FARMING INTERESTS? THE PROBLEM: Submitted by R.R. in Illinois My brother and […]

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The Value of an Independent Third Party Appraisal

(From a Local Dealers Perspective) By Patrick Wolf Transitioning the farm to an LLC? Estate planning? Trying to qualify for a loan? For these situations and many others, your attorney or lender may request that a professional equipment appraisal be completed as part of the process.   […]

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Tis The Season For Appraisals

When is the time for an appraisal? Now is the time. As the end of the year approaches, many farmers, farm managers, financial planners, CPAs, tax planners, lenders are wrapping up this last year and preparing to make decisions for the next year. There are many reasons […]

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What is my equipment worth?

We often get asked this simple question yet the answer is usually complex, and leads to more questions from us. The reasons for performing an appraisal of ag equipment can vary tremendously. Each situation is unique therefor it becomes vary important to treat every situation uniquely.  We […]

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Farm Equipment Appraisal FAQ

You asked, we answer! Appraisals are more than just a simple document that informs you what your equipment is worth. Find out how this robust  document is worth its weight in gold! What is ASAA and what does it stand for? ASAA is the professional organization that Machinery Scope is […]

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What Is Risk, & Why Do We Take It? (Part 2)

  Now that we have discussed what risk and how to manage it, let’s take a closer look at industry trends and a few examples of tools available to producers to mitigate risk. Risk and Industry Trends The Ag industry generally strives to reduce risk. However, there […]

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What Is Risk, & Why Do We Take It? (Part 1)

This two part series we will explore the fundamentals of risk management, starting with what risk is and the ways we manage it. Following that will be our second post on industry trends, methods, and tools that are in place to mitigate that risk. Risk When we contemplate risk, we often […]

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Appraisals

When Should You Have Your Ag Equipment Appraised? There are times in every farmers life when you will need to make difficult decisions about your farm operation. You might have to decide how to fairly pass the farm to the next generation, or you might have to […]

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Welcome to the Machinery Scope blog!

Welcome to the Machinery Scope blog. We look forward to sharing any news, developments, and incites into the complex world of farm machinery. Our main priority is to protect your investments. We look forward to doing that with our inspection programs, extended warranty products, and professional equipment appraisals. […]

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