Online Farm Equipment Consignment Auctions
Online No-Reserve Farm Equipment Consignment Auctions I Want to List Items Now
FarmBid’s Online Farm Equipment Consignment Auctions
Regular online farm equipment consignment auctions.
- Multi-Seller Consignment Auctions
- All items stay in the sellers possession until the auction is complete. Buyer is responsible for removal.
- All bidding is done online
- No Reserves or minimums, all items sell to the highest bidder.
- No Buyer Fees
- Individualized Item level marketing for every consignment
- Consign 1 or more items
- Extremely competative commission rates
- Local Auctioneers to advise and guide your selling decisions
What do you get with FarmBid?
Audience and Advertising
Access to our audience and advertising resources is the most valuable aspect of what we do at FarmBid. Becasue we own our bidding platform we always have access to the bidders and their bidding data. This is a huge advantage to you over auctions using 3rd party providers. For years we’ve amassed social media followers, email opt-ins, auction bidders from across the nation (even world), massive troves of farmer data and built advertising resources that are not available though other less advanced auction companies. If exposure is important to you then FarmBid brings you value other farm auction companies can not deliver. Let us show you how all of this comes together for the best auction outcome you can envision.
Multiple Marketing Platforms
FarmBid is the farm equipment auction marketing platform of DreamDirt. DreamDirt is an auction marketing company that offers multiple asset specific auction marketing platforms with cross audience capability that ensures your assets are exposed at a ridiculously higher rate than other auction companies. If you are considering selling farmland we can help you with that too!
Video Spotlights
Showing off your equipment is important. In today’s world of online bidding video spotlights are an exceptional way to build confidence in bidders and save them time and effort. Remote inspections are a great convenience to bidders. Making bidding easy is a key element of your successful auction. From cameras to drones we’ll create compelling videos that expose your equipment in its best light.
Safe & Secure Funds Exchange
You don’t have to worry about bad checks, charge backs, scams and bad actors. We collect the money using secure methods and ensure your financial well being is accounted for. From requiring guaranteed funds or bank letter of credit, wire transfers or check verifications we will keep you safe.
Proprietary Software
Many auctioneers provide online bidding through generic 3rd party providers which charge the auctioneer a fee, often a percentage of your assets and guess who pays it? Yes, you do. Those auctioneers don’t have access to the bidders or data, only the provider does. At FarmBid we invested the time, effort and money into building our very own farm auction software called BidCapture and its has been highly successful. Not only do we run our software on bulletproof servers that ensure 100% uptime, we have access to all of our bidders and data anytime! We also better control how your items display and we can deliver our auction services much more economically without passing additional costs on to you.
We Are Real Auctioneers
Did you know the vast majority of “reps” in the farm equipment industry have zero formal auction training. Most go through a 6 hour orientation on how to fill out paperwork and where to submit it. They are taught how to prospect for business and become “auction feeders” They are not qualified to offer you advice and lack the experience you need! At FarmBid, our teams is made up of real trained and experienced auctioneers that can help you make the right decisions and shield you from potential harm.
Photography
High quality properly composed photos of your farm equipment is a key to drawing the value out of every item. Used equipment sells for top prices when its clean, photographed with a nice backdrop in the right light. Not only do we have the ability to bring mobile wash units right to you, we have the photographers that understand how to do it right.
Transaction Management
Whether you are selling 1 item or 100 bidder communication and transaction managment can be overwhelming. We have the team to ensure your buyers get every question answered, every manual is delivered, reciepts and titles are issued, payments are collected and a full accounting of every penny has been recorded along the way.
Extremely Competative Farm Auction Commissions
If you are commission shopping these are our farm auction commission rates. It is based on cumulative accounting of all items you consign combined for a gross total. Commission is calculated on your gross total. WE DO NOT CHARGE BUYERS PREMIUMS!
Our Auction Fees
Sales Commissions for Single Seller Farm Auctions- On top of our very low commission rates, we do not charge any auction marketing fees which saves you thousands over other companies!
- $50,000 to $125,000 8%
- $125,000 to $250,000 7%
- $250,000 to $500,000 6%
- $500,000 to $750,000 5%
- $750,000to $1,000,000 4%
- >$1,000,000 4.5%
We can bring you the right buyers that will pay top price for your farm equipment!
Number of Bids Taken
Bidders Registered
Average Advertising Impressions
* Figures as of October 1, 2022
Frequently Asked Questions
Where and how do you advertise farm auction?
Its important to understand advertising is about 1 thing only, bidder cultivation. We are trying to reach people that will participate in your auction. Our advertising for farm auctions goes 2 different directions and offers a multi-layered approach through full auction advertising and item level marketing. You can look at it as online and offline or traditional and digital. We cover all the bases and execute the marketing plan you agreed to upon listing your auction with FarmBid. We use a mix of proprietary resources and public domain advertising resources. From color fliers and newspaper ads to effective digital targeting of potential bidders using search engines, social media, email blasts and our mix of auction marketing platforms along with popular aggregation websites, signage, radio ads, direct mail and phone campaigns you can’t find a more powerful advertising program.
What Are Your Qualifications?
We have a high standard for our team. In fact, as a team we’ve worked together to create the highest human resource standards in our company. It’s no secret that few states regulate auctioneers or auctions. We’ve taken it upon ourselves to ensure that all of our team and employees are properly trained. Our team is led by 3 different CAI Auctioneer graduates. This is the absolute pinnacle of auction education and takes 3 years to complete. Our team members are also PRI certified and employ PRI communication methods. Our standards for personal and professional conduct emcompass the highest standards and you can have confidence none of the people working on your auction are part time or weekend auctioneers. This is our full time occupation and its what we do everyday, not in our spare time.
Where are you located at?
If you look at the address at the bottom of this page you will see our main auction offices are in Iowa. Like most auction companies today we have central locations but dispersed employees. We have physical offices in Storm Lake, Iowa, Winterset, Iowa, Onawa, Iowa and Kelliher in Northern Minnesota. Our team members however are located all over the Midwest in different locations including Iowa, Minnesota, South Dakota, Nebraska, Kansas, Oklahoma, Missouri. Their homes are scattered across the territories they serve our clients in and we have a local presence in most areas. We have a team member close to you so if location is a concern you can check with us to understand how we will serve you.
How long does it take to have an auction from start to finish?
Most auction are pretty similar in marketing timeline. From the day you engage FarmBid to conduct your auction until the auction is complete is about 25-35 days. Some factors can influence the duration of marketing including the asset types and any speciality assets you might have. Another complication can be how far apart assets are. Are they all located in one location or do they have to be gathered from multiple locations. We will offer you the best advice on auction timing and estimate who long it will take to complete the process.
How quickly do we get our money after an auction?
Settling an auction is a serious matter. We can give you access to partial settlements very quickly. With online bidding we often have to wait a few days for some bidders money to arrive. As an example, if you have an auction on Saturday and an online bidder purchased multiple large items we’d require him to wire the funds directly from their bank on Monday. It can take until Tuesday before those funds are available to you once they have arrived. Complete settlement should be completed in 14 days. We will work with you on the settlement of funds to ensure all moneys and items are accounted for in the settlement and you are happy with it prior to the final check is issued.
How far will you travel to do an auction?
Distance is not an issue for us. Our team has conducted auctions from Canada to Paraguay. We have conducted thousands of auctions and we’ve proven our ability to attain maximum value in any enviroment and location.
Consign Items by filling out this form
Schedule a Time to Meet Our Auction Team
ⓒ DreamDirt Farm and Ranch Real Estate, LLC d/b/a FarmBid Auctions
1601 N. John Wayne Drive
Winterset, Iowa 50273
and
185 Old Creek Road
Storm Lake, Iowa 51588
641-426-6400
