Posted by DoubleR on March 16, 2013 at 07:39:33 from (198.105.230.174):
In Reply to: Tractor auctions posted by Harvey 2 on March 15, 2013 at 15:02:32:
I always make sure of the terms when I sign in. If there's a buyers premium I usually don't buy. I also make it clear that anything I buy will be farm use and tax except. I may have to fill out a form for my tax except status if the auctioneer doesn't already have one on file. Most farm sales in Michigan, where I live, don't have sales tax or buyer premiums. It normally the consignment sales where you have to watch. I was at a farm sale a few years ago here where they did have a 10% buyers premium. It was a popular Mi. Auction Co. too that normally never has a B.P. They sold some 100,000 dollar plus pieces of equipment. I though there was going to be a riot afterwords when a couple of farmers found out there bill was over 10,000 dollars more than they thought it was going to be. I know I sure as heck would have checked the terms before I spent that kind of money, not that I would ever have that kind of money to spend.
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Today's Featured Article - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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