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Implement Dealer Takes Grain In Trade
Last fall a Case-IH dealer in North Dakota offered local farmers a 50 cent per bushel bonus for wheat traded in on new or used equipment. Magic City Implement in Minot launched the "Bushel Bonus" program in October and ran it through the end of November.
Here's how the program worked: Producers traded either spri
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Implement Dealer Takes Grain In Trade SPECIALTY/SERVICES Specialty/Services 23-1-5 Last fall a Case-IH dealer in North Dakota offered local farmers a 50 cent per bushel bonus for wheat traded in on new or used equipment. Magic City Implement in Minot launched the "Bushel Bonus" program in October and ran it through the end of November.
Here's how the program worked: Producers traded either spring wheat or durum for up to 30 percent of the retail price of equipment. The dealership used $3 per bushel to calculate the amount credited.
For example, to buy a $100,000 tractor you could use 10,000 bushels of grain to help pay for it. The 50 cent per bushel bonus would add up to $5,000.
General manager Travis Zablotney said there was a lot of interest in the offer but only two farmers ended up trading grain for equipment.
Zablotney attributed the slow sales to the fact that equipment bought on barter apparently does not qualify for accelerated depreciation and also to the fact that overall sales were slow last fall. He plans to offer the program again this year.
Contact: FARM SHOW Followup, Magic City Implement Inc., P.O. Box 105, Minot, N. Dak. 58702 (ph 701 838-8884; fax 8880). (Jim Houtsma, Associate Editor)
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