Farm Equipment Appraisal

5.0from 80+ client reviews
Farm equipment appraisal services for estate tax (Form 706), asset-backed lending, and insurance coverage, prepared in accordance with USPAP. AppraiseItNow appraises tractors, combines, planters, hay equipment, and irrigation systems.

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DEFENSIBLE, USPAP-COMPLIANT FARM EQUIPMENT APPRAISAL REPORTS — QUALIFIED FOR THE IRS, INSURANCE AGENCIES, LENDERS, AND MORE.

  • U.S. Small Business Administration
  • Chase
  • Wells Fargo
  • Bank of America
  • Nationwide Insurance
  • U.S. Bancorp
  • IRS

The machinery and equipment team behind every report we write

Between them, our machinery and equipment appraisers hold CAGA designations, and every report is written to USPAP for the IRS, insurance agencies, lenders, and more.

Joe Kattan

Joe Kattan

Owner & CEO

Joe founded AppraiseItNow to make a certified, USPAP-compliant appraisal as simple to order as anything else online. A former Bain & Company strategy consultant, Joe leads the entire team and specializes in strategy, growth, and the firm's tech capabilities.

Jason Dolph

Jason Dolph

Machinery & Equipment Appraiser

Third-generation auctioneer and CAGA Certified Appraiser with more than 20 years valuing machinery, equipment, vehicles, business assets, and estates for banks, attorneys, and trustees across the Carolinas.

Marnie Erkelens

Marnie Erkelens

Vehicle Appraiser

CAGA Certified Appraiser since 2014, covering vehicles, boats, equipment, fine art, and collectibles. A classic-car restoration background informs her vehicle work, with reports prepared for insurance, divorce, and charitable contributions.

Aron Blue

Aron Blue

Client Success Manager

Manages each engagement from the first enquiry to the delivered report, and keeps you posted at every step along the way.

  • USPAPWritten to the Uniform Standards of Professional Appraisal Practice
  • Certified Appraisers Guild of AmericaCertified Appraiser
  • The Appraisal FoundationAuthorized by Congress as the source of appraisal standards
Standard
USPAPCertified farm equipment appraisals by appraisers with direct knowledge of agricultural asset markets.
Value definitions
FMV, OLV, FLV, ReplacementFair Market Value, Orderly Liquidation Value, Forced Liquidation Value, or Replacement Value, matched to the intended use.
Delivery
Online, onsite as neededMany appraisals run from photographs, serial numbers, hours, and maintenance records; onsite when condition or a lender requires it.
Purposes
Tax, estates, insurance, donationsTax filings, estate settlements, insurance coverage and claims, financing, divorce, and charitable donations.

AppraiseItNow's farm equipment appraisers come with direct knowledge of agricultural asset markets

AppraiseItNow provides certified farm equipment appraisals for tax filings, estate settlements, insurance coverage and claims, financing, divorce proceedings, and charitable donations. Farm equipment is a specialized subset of our equipment and machinery appraisal services.

What makes it hard

Seasonal use, regional markets, crop-specific setups, and mixed ages

Agricultural machinery presents valuation challenges that our appraisers account for on every working farm:

  • Seasonal use patterns
  • Regional market variation
  • Crop-specific configurations
  • Wide range of ages and conditions

Remote and onsite

Serial numbers, hours, and records, or a farm visit

Many farm equipment appraisals are completed remotely, with an onsite inspection coordinated when equipment condition, operational status, or lender requirements make physical inspection necessary. From the farm office we need:

  • Photographs
  • Serial numbers
  • Hours of use
  • Maintenance records

Who we serve

Farm owners, rural estate families, and their lenders and advisors

We serve farm owners, agricultural operators, and rural estate families, alongside the agricultural lenders, estate attorneys, CPAs, bankruptcy trustees, and insurance adjusters who need a credentialed, independent valuation for IRS filings, asset-based lending, litigation support, or transactional due diligence.

Our farm equipment appraisals cover tractors, combines, planters, sprayers, tillage, hay, grain, irrigation, and livestock systems

We appraise the full range of farm machinery, implements, and systems, each with its own depreciation curve and market demand.

Power and harvest

Tractors, combines, planters, and sprayers

We appraise the core field machinery that plants, sprays, and harvests a crop:

  • Row-crop, utility, and articulated 4WD tractors
  • Combines, headers, and grain platforms
  • Planters, seeders, and precision planting systems
  • Self-propelled and pull-type sprayers

Implements and forage

Tillage, hay, and grain handling equipment

We appraise the implements behind the tractor and the grain equipment around the yard:

  • Plows, discs, cultivators, and field conditioners
  • Balers, mowers, rakes, and forage harvesters
  • Augers, conveyors, and grain bins

Irrigation, livestock, and specialty

Pivots, chutes, mixers, and orchard harvesters

We also appraise the systems specific to irrigated ground, livestock operations, and orchards:

  • Center pivots, lateral moves, and pump stations
  • Squeeze chutes, feeders, and TMR mixers
  • Grape harvesters, nut harvesters, and vegetable planters

What farm equipment appraisal clients say we are known for

Farm Equipment Appraisal Reviews: “I would definitely use them again” and “I highly recommend the AppraiseItNow team”

  1. Being the appraiser they come back to“I would definitely use them again” Richard A.Mentioned in 11 reviews
  2. Answering fast, and staying reachable while the work runs“They were responsive and timely from start to finish” Julia P.Mentioned in 6 reviews
  3. Showing the research and the comparables behind the number“They diligently researched both equipment items and provided well-documented reports” Bob H.Mentioned in 5 reviews
  4. Taking on items other appraisers had already turned downMentioned in 4 reviews
  5. Delivering the finished report ahead of the deadline“They did it quickly” Phil L.Mentioned in 3 reviews

Across 16 published farm equipment appraisal reviews, every one from a client who paid AppraiseItNow for an appraisal, the three things they raise most often are that they would hire us again, how quickly we answer, and how much research is visible in the report.

  • I recommend AppraiseItNow Inc. highly. I needed an appraisal of fair market value for geologic laboratory equipment for charitable donations to three universities. The unique items and limited secondary market complicated the valuation. They provided a sound, verifiable estimate and the 8283 forms that I was able to use in my tax filings. I would use them again.
    Alan B. , Denver, CO ·

    Lab Equipment Appraisal for Charitable Donation

  • AppraiseItNow did an outstanding job appraising my 1998 Bobcat Skid Steer and circa 2010 Yuchai Crawler Dozer. We could not locate a serial number on the dozer, and there were no online sales available, but they were still able to develop an accurate appraisal using known specifications for my dozer compared to other comparable make and model dozers. They diligently researched both equipment items and provided well-documented reports.
    Bob H. , Dallas, TX ·

    Machinery & Equipment Appraisal

  • I needed an IRS-qualified appraisal for an unusual and costly piece of medical equipment. AppraiseItNow was able to provide me exactly what I needed on a timely basis. The personnel at the company are very friendly and helpful. I would definitely use them again.
    Richard A., Oakland County, MI ·

    Medical Equipment Appraisal for Charitable Donation

  • Affordable and reliable, with fast service and always responsive to my messages and questions. They delivered my appraisal on time without a glitch. 100% Recommended! I wouldn’t use anyone else for my business. Thank you, Joe — you’re great!
    Ana R. , Lawrence, MA ·

    Machinery & Equipment Appraisal for Bankruptcy Filing

  • I highly recommend the AppraiseItNow team. They were responsive and timely from start to finish, and the whole process was seamless. The final report was super detailed and gave me all the information I needed. I am so glad I hired them and would recommend them to anyone needing an appraisal!
    Julia P., Philadelphia, PA ·

    Technology Equipment Appraisal for Divorce

  • They did an appraisal of medical equipment for donation. They did it quickly, and I received a blank form 8283 signed by the appraiser. It was what I needed. The price was higher than I wanted to spend on an appraisal, but a lot lower than other appraisers. AppraiseItNow was very responsive and communicative, and the other appraisers were not. I would use them again.
    Phil L., West Linn, OR ·

    Medical Equipment Appraisal for Charitable Donation

Farm Equipment Appraisals Anywhere in the US

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How our Valuation Process Works

1

Appraisal Request

Submit estimate or list of items for our review.

2

Quote Issued

We'll share a flat fee quote for your approval.

3

Kickoff & Intake

Submit details on all of your items for our review.

4

Research & Analysis

We'll conduct detailed research and prepare a written USPAP-compliant report.

5

Report Delivery

Delivery of your report and supporting documents (e.g., signed IRS Form 8283) by email.

How much does a Farm Equipment appraisal cost?

Standard Fee Range

$695 – $2200

Standard range for our Farm Equipment appraisals based on past projects

  • Fixed fee quoted before any work starts
  • No hourly billing
  • USPAP-compliant report, accepted by insurers, courts and the IRS

Two report tiers. Your intended use sets which one you need.

Standard Farm Equipment Appraisals

from $295

USPAP-compliant report for standard purposes

  • Insurance Coverage
  • Personal Use
  • Probate Court
  • Estate Distribution

Advanced Farm Equipment Appraisals

IRS-qualified

from $395

USPAP-compliant and IRS-qualified report for advanced purposes

  • M&A Due Diligence
  • Asset-Backed Loans
  • IRS Purposes
  • Insurance Claims
  • Legal Purposes

Pricing By Volume

Please note that the fees listed below are for informational purposes and are subject to change. Our team will review your materials and issue your quote before we get started.

  1. 1 item

    $295 – $595

    Single machine appraisal

  2. 10 items

    $995 – $2200

    Small fleet or mixed equipment set; varies if conducted onsite

  3. 50+ items

    $5K – $10K+

    Larger inventory; frequently done in-person

What Drives Cost?

  • Variety of equipment categories, models, and technical complexity
  • Quantity of line items and duplicate SKUs to analyze
  • Condition differences and any need for onsite verification or additional research
  • Documentation quality – clear photos, serial numbers, specifications, and maintenance logs streamline analysis
  • Intended use of the appraisal (insurance, tax, financial reporting) and compliance requirements

Our Farm Equipment appraisal fees are transparent, scope-based, and designed to be fully USPAP-compliant for your intended use. We don't bill by the hour and will propose a fixed fee before we start our work, so you'll know exactly what you are paying before engaging our team. Please note that the pricing outlined here is strictly for informational purposes; before issuing your quote, we will need to get a better understanding of your assets so we can properly scope the assignment.

We produce written equipment appraisal reports for lending, insurance, charitable donations, and litigation

Given the USPAP-compliant nature of AppraiseItNow’s appraisal reports, we prepare our deliverables for major legal, tax, and financial reporting purposes for individual and commercial clients.

Popular uses of our appraisal reports include:‍

Tax, Estate & Financial Planning

Transactions, Lending & Investment

Life Events & Special Circumstances

  • Divorce
  • Social Security reporting or Medicaid Application Filings
  • E-2 visa applications

Get a Farm Equipment Appraisal for Any Need

Frequently Asked Questions on Farm Equipment Appraisals

What data do appraisers use to value farm equipment?

Actual transaction data: IronGuides from Iron Solutions, widely called the blue book for farm equipment because it is built on real retail transactions, plus auction records, dealer and manufacturer data, and trade publications. We adjust those figures for age, hours, condition, options, and local demand.

Why does the same tractor get different values on different reports?

Because each report answers a different question. Fair market value assumes a willing buyer and seller with no pressure, orderly liquidation value assumes a reasonable marketing period, forced liquidation value assumes a quick auction-style sale, and scrap value counts only recoverable materials. The same tractor might appraise near $80,000 FMV, $45,000 forced liquidation, and $10,000 scrap, so the value premise must match the assignment.

Do I need a farm equipment appraisal after storm or fire damage?

Often yes, for tax reporting. Casualty losses and involuntary conversions are reported on IRS Form 4684, which depends on the equipment's fair market value immediately before and after the event along with its adjusted basis. Defensible values also matter when damaged machinery is replaced under IRC Section 1033.

How is specialty farm machinery valued when there are no comparable sales?

Through the cost approach. We obtain replacement cost new from manufacturers, vendors, and published price lists, trend original cost using Bureau of Labor Statistics indexes, then apply age-life and obsolescence adjustments. This matters for custom-built or rare implements that standard tractor and combine guides do not cover.

Are classified asking prices a good indicator of what my equipment is worth?

No. Asking prices are heavily negotiated and often overstate what machinery actually brings, so appraisers rely on closed sales data, guidebooks like IronGuides, auction results, and replacement-cost analysis instead. Applying real estate or business income-capitalization methods to individual machines is also generally inappropriate.