Farm Equipment Appraisal

USPAP-Compliant Farm Equipment Appraisals for Legal & IRS Purposes

IRS & Finance Teams

CPAs, Audit Teams, Internal Revenue Service, and Attorneys

For Divorce, Legal Claims, Estate Settlements, and Probate

Insurance and business lenders for policy renewal or asset-backed loans

Legal & Estates

Insurance & Lenders

and many more!

Harvest Equipment Appraisals provides professional farm and agricultural equipment appraisal services for farmers, agribusinesses, lenders, attorneys, accountants, and financial institutions nationwide. Our certified equipment appraisers deliver defensible, well-supported valuations for tractors, combines, harvesters, planters, sprayers, irrigation systems, grain handling equipment, and other agricultural machinery.

We support estate planning, farm transitions, charitable donations, equipment financing, insurance claims, partnership buyouts, litigation, and tax reporting with USPAP-compliant appraisal reports. Assignments can be completed onsite or remotely, depending on asset type, location, and timeline.

Whether you need a tractor appraisal for financing, a combine valuation for insurance, or a comprehensive farm equipment appraisal for estate or transaction purposes, Harvest Equipment Appraisals combines deep market data, agricultural industry expertise, and efficient turnaround times to deliver reliable equipment valuations you can trust.

Farm Equipment Appraisal Services You Can Trust

I was looking for an appraisal and time was of the essence. They got the job done in only a few days with excellent customer service. Great business to work with.

We were amazed at their professionalism in working with us and the quality of the final appraisal report. And all for thousands less than other appraisers.

Gary T.

★★★★★

★★★★★

Fresno, CA

We were very satisfied with the results - fast and efficient communication, understanding our company's needs, on-time delivery of the report, as well as reasonable price point. Highly recommend.

★★★★★

San Francisco, CA

Ekaterina M.

Rick H.

Peru, NY

Five-star reviews from dozens of clients

Certified Agricultural Equipment Appraisers

American Society of Appraisers

1,000+

5⭐

Five-star service

Appraisals completed annually

The Appraisal Foundation

Certified Appraisers Guild of America

Harvest Equipment Appraisals has USPAP-compliant agricultural equipment appraisal specialists certified through the ASA, The Appraisal Foundation, and CAGA.

Types of Farm & Agricultural Equipment We Appraise

Harvest Equipment Appraisals provides valuations for a wide range of agricultural machinery and farm assets nationwide, including:

Tractors & Harvesting Equipment

• Tractors (row crop, utility, 4WD, track, orchard)

• Combines and headers

• Cotton, forage, and specialty harvesters

• Windrowers and swathers

Planting, Tillage & Application Equipment

• Planters and seed drills

• Air seeders and strip-till systems

• Disc harrows, cultivators, plows, and rippers

• Self-propelled and pull-type sprayers

• Fertilizer and manure application equipment

Hay, Forage & Livestock Equipment

• Round and square balers

• Mowers, rakes, and tedders

• Feed mixers and wagons

• Livestock handling systems and scales

• Dairy and poultry equipment

Irrigation, Grain & Storage Systems

• Center pivot and drip irrigation systems

• Grain bins and dryers

• Augers, conveyors, and grain carts

• Hopper-bottom trailers

Farm Support & Specialty Equipment

• Skid steers, loaders, telehandlers, and excavators

• Farm trucks and equipment trailers

• Orchard and vineyard equipment

• Greenhouse and nursery equipment

• Processing and feed mill equipment

• Attachments and implements

Ag Equipment Valuation Services for Financing, Tax & Legal Uses

Financing & Transactions

• Bank financing & loan collateral

• Asset-based lending

• Buy / sell situations

• Business planning

• Mergers & acquisitions

• Purchase price allocation (ASC 805)

Tax & Compliance

• IRS Form 8283 charitable donations

• Estate tax & estate settlement

• Gift tax

• Depreciation scheduling

• Financial audit & review needs

Insurance, Legal & Restructuring

• Insurance claims & coverage

• Bankruptcy

• Litigation & dispute matters

• Divorce matters

• Liquidation estimates

Harvest Equipment Appraisals provides defensible agricultural valuations supporting lenders, auditors, insurers, attorneys, and healthcare organizations across financing, tax compliance, insurance claims, litigation, restructuring, and transactional use cases.

Farm Equipment Valuation Services in all 50 States

Northeast

• Connecticut

• Maine

• Massachusetts

• New Hampshire

• Rhode Island

• Vermont

• New Jersey

• New York

• Pennsylvania

West

• Arizona

• Colorado

• Idaho

• Montana

• Nevada

• New Mexico

• Utah

• Wyoming

• California

• Oregon

• Washington

• Alaska

• Hawaii

South

• Delaware

• Florida

• Georgia

• Maryland

• North Carolina

• South Carolina

• Virginia

• West Virginia

• Alabama

• Kentucky

• Mississippi

• Tennessee

• Arkansas

• Louisiana

• Oklahoma

• Texas

Midwest

• Illinois

• Indiana

• Michigan

• Ohio

• Wisconsin

• Iowa

• Kansas

• Minnesota

• Missouri

• Nebraska

• North Dakota

• South Dakota

Frequently asked questions (FAQs) about farm equipment appraisals

How is fair market value of farm equipment determined?

Fair market value of farm equipment is determined by analyzing the asset’s age, condition, hours of use, maintenance history, remaining useful life, original cost, and current market demand. Appraisers review recent sales of comparable agricultural equipment in the secondary market and adjust for factors such as regional demand, seasonal trends, technology updates, and functional utility.

The goal is to estimate the price at which the equipment would change hands between a willing buyer and a willing seller, with neither under compulsion and both having reasonable knowledge of relevant market conditions.

What are the three types of appraisal approaches for agricultural equipment?

The three primary valuation approaches used in farm equipment appraisals are the cost approach, market approach, and income approach.

1. The cost approach estimates value based on current replacement cost, less depreciation for age, wear, and obsolescence.

2. The market approach relies on recent sales of comparable tractors, combines, and other agricultural machinery in the open market.

3. The income approach considers the income the equipment can generate, though it is less commonly applied to individual farm equipment and more often used in broader business or asset portfolio valuations.

The appropriate methodology depends on the equipment type and the intended use of the appraisal.

How much does a farm equipment appraisal cost?

Farm equipment appraisal fees are scope-based and depend on the number of assets, equipment complexity, intended use, and whether an on-site inspection is required.

Single-item farm equipment appraisals typically start between $295 and $395. Small groups of agricultural equipment or mixed machinery sets often range from $995 to $2,200. Larger inventories of 50 or more items — commonly involving multiple asset categories or in-person inspections — generally range from $5,000 to $10,000+.

Final pricing is provided as a fixed fee after reviewing the equipment details to ensure the appraisal is properly scoped and USPAP-compliant.

How can I find out what my farm equipment is worth?

To determine what farm equipment is worth, a qualified appraiser evaluates the equipment’s condition, age, usage hours, service records, and current market activity. This includes reviewing auction results, dealer listings, resale transactions, and replacement cost data.

While online listings can provide general context, a professional agricultural equipment appraisal provides a defensible value supported by market evidence and recognized valuation methodology.

How long does a farm equipment appraisal take?

Most farm equipment appraisals are completed within a few business days once all required information is received. Larger farms, multiple asset groups, or on-site inspections may require additional time.

Timelines depend on asset volume, documentation availability, equipment complexity, and the intended use of the appraisal.

Are Harvest Equipment Appraisals reports USPAP-compliant?

Yes. Farm and agricultural equipment appraisals are prepared in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP) when required. USPAP compliance ensures the appraisal follows recognized professional standards and is suitable for use by lenders, insurers, attorneys, accountants, courts, and other third parties.

What are the different types of agricultural machinery?

Agricultural machinery includes a wide range of equipment used in crop production, livestock operations, and agribusiness activities. Major categories include tractors, combines, planters, seed drills, sprayers, irrigation systems, tillage equipment, hay and forage machinery, grain handling systems, and livestock equipment.

Equipment types vary based on the size of the operation, crop type, geographic region, and production methods. Modern agricultural machinery may also include precision farming technology and GPS-guided systems that improve efficiency and yield management.

How does agricultural machinery work?

Agricultural machinery operates using mechanical, hydraulic, electrical, and increasingly computerized systems to perform specific farming tasks such as planting, harvesting, spraying, and soil preparation. Tractors typically serve as the primary power unit, transferring power to implements through power take-off (PTO) systems, hydraulic connections, or drawbar attachments.

Advanced agricultural equipment may incorporate GPS guidance, yield monitoring, automated steering, and variable-rate technology to improve operational precision and productivity.

What are the uses of agricultural machinery?

Agricultural machinery is used to prepare soil, plant crops, apply fertilizers and chemicals, irrigate fields, harvest crops, transport materials, manage livestock, and process agricultural products.

Different types of equipment serve different functions throughout the production cycle, from pre-planting field preparation to post-harvest storage and transport. Efficient machinery use helps improve productivity, reduce labor requirements, and increase operational efficiency across farming operations.