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Equipment & Livestock

Aaron Easters Equipment offers Fair Market Value and Liquidation appraisals service, as well as Divorce Settlements, Foreclosures  and Estate Planning and Settlements. We specialize in farm equipment, construction equipment, logging equipment, trucks and trailers and livestock. With farming, retail and auction experience, our company has a working knowledge of equipment in the marketplace, allowing  us to provide a fair and accurate appraisal of your equipment and/or livestock. The values of equipment and livestock are affected by many variables such as age, condition, current market trends and industry standards. Our services are conducted in an expedient manner and are held in strict confidence providing a high level of ethics and professionalism. All appraisals include a physical inspection to assess quality and condition.  Completed appraisals will be written in a detailed and professional appraisal report that conforms to the “Uniform Standards of Professional Appraisal Practice” (USPAP)  and will contain the following information:

Description of the property

Market Value defined

Purpose of Appraisal

Assumptions & Limiting Conditions

Supporting Documentation

Appraiser Certification

Appraiser Qualifications

Pictures if needed by client

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Types of Appraisals

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Desktop Appraisals

Desktop appraisals are the most cost effective type of appraisal. Desktop appraisals use the client provided information such as manufactures name, model number, and other pertinent details along with photographs. The reporting for a Desktop Appraisal is the same as a full Appraisal Report with the exception being,  that we state the equipment has not been personally viewed or inspected.

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Onsite Field Appraisals

A field appraisal report includes an on-site inspection by Aaron Easters and is typically utilized for estimating the value of machinery and equipment. On-site inspection details and photographs are included (if needed) in the appraisal report. 

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Approaches to Value

 There are 3 approaches to value to consider:

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 *Market Data Approach  This approach examines recent transactions of machinery and equipment that are similar to the specific equipment being appraised.  Additionally, offering prices may be examined for similar pieces of equipment in actual market transactions and current prices.

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*Cost Less Depreciation which is based on using the replacement cost new and then deducting for depreciation, functional and economic obsolescence and physical deterioration.  This approach is based upon the principle of substitution which states that a buyer will not pay more for an asset than what it would cost to produce a substitute asset with the same utility.

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*Income approach, which examines and compares future revenue streams to determine a present value.  Often this approach is difficult to implement for an equipment appraisal due to the challenges and difficulties in itemizing individual items in revenue streams.  However, on occasion, certain situations may be appropriate to utilize this approach.

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No matter which approach is necessary for you, Aaron Easters Equipment & Appraisals has the expertise to determine the best approach for the for the purpose of your farm equipment appraisal.  

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