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Each asset type has its own wear points and likely failure points. Knowing where to look on each different type of equipment for problems can make the difference between a proper valuation and a costly error. We asked Bill Albaugh what he looked at when evaluating self-propelled sprayers.

Changes in farming practices over time can cause shifts in value trends for classes of agricultural equipment. We asked Bill Albaugh what he looked at when assigning values to tillage equipment and if the adoption of no-till practices was causing a noticeable trend in tillage equipment values over time.

Equipment maintenance and management decisions can have a direct impact on valuations. We asked Bill Albaugh if he paid attention to how equipment was stored when performing his valuations and how storage choices can impact equipment values.

One of the services HeavyWorth provides is trusted, third-party equipment valuations for lenders who might not have the ability to do proper equipment valuations for themselves. We asked Bill Albaugh why it is so important that lenders have current and accurate valuations of the equipment backing the loans for ag or construction equipment.

When the Tier 4 emissions standards began to require the use of diesel exhaust fluid, or DEF, in heavy equipment engines roughly a decade ago, we saw a prolonged demand for older equipment that didn't meet the standards. We asked Bill Albaugh if that demand still influences older equipment values or if enough time has passed that it's no longer relevant.

Often a producer or construction contractor looking to trade-in a piece of equipment is motivated to look for the highest value possible. It's common for such a customer to come to the table with preconceived notions of the value of the equipment based on a cursory search of for-sale listings on various websites or past auction results from local auctioneers. We asked Bill Albaugh what he says to a customer who is claiming his trade-in valuation is too low.

Sometimes the used equipment that dealerships are asked to value as trades aren't very used at all. Sometimes they're deciding how to price units with very little use. Since it's harder to find many comparable sales on such low-houred equipment, we asked Bill Albaugh how he goes about determining how to most effectively value the nearly-new equipment for sale.

One of the questions we are frequently asked is how someone can prepare equipment before the valuation in order to receive top-dollar for his or her trade-in. We posed that question to Bill Albaugh who suggested a few tips to get equipment ready before calling the dealership to come take a look.

HeavyWorth provides a software platform for equipment dealerships to streamline their own evaluation processes and free themselves from the many disconnected tools that are trying to do the same thing - to put the right pictures and information in front of their evaluators. However, there are other industries like lenders, estate planners, attorneys and insurance companies who may not have professional equipment evaluators on staff. They need values assigned to equipment that isn't being remarketed or traded in, and they need a trusted third party to step in and help. Let's take a look today at what we call the HeavyWorth value.

Used equipment supply and demand changes — as well as commodity market fluctuations — can have a profound effect on equipment values. The same asset can be worth substantially more or less in a matter of months. Bill Albaugh sat down last fall to explain why it's always crucial for ag and construction dealerships to look to the future when placing values on their used equipment trade-ins.