Aaron Traffas: Hello and welcome to Purple Wave’s Auction Podcast. My name is Aaron Traffas. We’re conducting a retirement auction of farm equipment for Lindsey Implement of Williston, N.D., that will close on August 28. I’m speaking this morning with Gary Lindsey about this event. Good morning, Mr. Lindsey, and thanks for joining me.
Gary Lindsey: Thank you.
AT: This was Lindsey Implement’s 23 year. Tell me how you got started those many years ago.
GL: Well, I worked for the previous Allis-Chalmers dealer for 10 years before. As he closed, I found the opportunity to open up. I applied for the franchise and got it, and started out in 1990 with two employees and myself and we started the business.
As your business grew, I understand you found yourself with quite a significant sales volume. Tell me how much you were selling and what kind of area you served.
Well we had about a 150-mile radius. Throughout the years we were one of the top volume dealers in North America for Gleaner. At one time, we were number one in North America in sales. Throughout the years, our customer base grew enough where we had significant combine sales and pretty much saturated this part of the country with Gleaners.
Was it predominantly Gleaner? What other AGCO lines did you sell?
We sold tractors. We sold pretty much all of the AGCO line. In the last couple years we just got in to the Massey. Gleaner was the number one for us in this wheat area here. Gleaner was accepted very well.
What were the challenges you faced that caused you to decide to close the doors?
Well, through the years, all the companies started where they wanted multiple store locations. The writing was on the wall where we were going to get pushed into a either-get-big-or-get-out-type situation. We’d seen the opportunity with the oil boom up here to sell our land – that our dealership was getting totally surrounded by oil companies and such. There wasn’t a good place any more for a dealership. At that time we had plans of building new and carrying on with the dealership, but that wasn’t in the company’s future plans. We’d seen the writing on the wall and decided it’s time to let things go.
That decision could not have been easy, nor the decision of selecting someone to help you sell the rest of your equipment. Why did you elect to partner with Purple Wave?
Well, I was approached by Philip, your sales rep, and he did a good job selling your auction business to me. I previously sold some items on TractorHouse. I’d looked from time to time on your website and it’s impressive. I just hope the sale goes as well as I want it to, but you never know on an auction. Your field personnel did a good job, so I was impressed with that.
Well, Gary, roughly 60 of the over 200 pieces in this auction are yours. Tell me about the different types of equipment you’ll be selling.
Well, most of my items are – they’re all rotary combines. They are anywhere from the later model 62s, 72s and later Masseys. A lot of the headers are the newer series. They’re all local machines. They came from this area. They came out of the wheat area where the wear factor isn’t a big item. We’ve found where customers like to get combines out of this area because of that – because there is very little picking up and there isn’t much abrasive crops going through them.
I see a couple of the headers are listed as unused. Tell me about the condition of the rest of the equipment – most of it was trade-in pieces?
Yeah, these were all trade-in pieces from local farmers around. Most of our cutting around here is all straight cutting – very little picking up. A lot of the headers – I mean, probably a half hour and you’d be in the field cutting fine with them – just regular maintenance. Combines – the same – very little to do with them. The older ones, of course, have been sitting for a little while. It wouldn’t take very much for any of them to – a little bit of work would get in the field and work fine for them.
This equipment is all located near your dealership in Williston?
Yes, I have them on a lot not too far from my previous dealership. It’s very easy to get to.
What does someone need to do to come take a look at something before placing a bid?
Well, they either contact me or Philip and we’d gladly show them whatever they want to see on them.
After the auction, once payment has been made to Purple Wave and a buyer has invoice in hand, what does he or she need to do to come in and pick up the assets?
Just contact me or Philip, show proof of payment and we will write up a separate invoice to them for tax purposes, just like we did on our last sale. We would release the combine to them and if they need anything to purchase to get it home, we’ll be able to help them with it.
So there will be load-out assistance of some kind?
Yes. We have forklifts and such to load headers. Most people, when they send trucks, it’s just more or less to drive the combine on to the trailer.
How soon are you wanting everything to be removed?
I would like to see, since I’m renting a lot to put them on – I would like to see it no later than two weeks after the auction to have everything cleaned up.
One last question, Gary – what are you planning on doing after retirement?
Well, I have a number of things. I have quite a few businesses in town that would like me to come on board, but I have haven’t decided yet. I have about five employees I kept on and we’re going to be opening up a farm-type hardware store, which they will be running. I’m into classic cars, myself, so that’s a little sideline that I’ve always been doing. I enjoy it, so that type of thing, and then overlooking the hardware store. I’ve got to still keep in to the farm part of it.
Well, Gary, is there anything else you want to say about the auction?
Like I said, they’re all local machines and I don’t think anybody’d be hurt by any of them.
I’ve been speaking with Gary Lindsey with Lindsey Implement about his retirement auction in the August 28 ag equipment auction. Thanks again, Gary, for visiting with me this morning.
Bidding for the August 28 ag equipment auction is open now and will close on Wednesday, August 28, beginning at 10 a.m. central. If you have questions about any of the assets listed for Lindsey Implement, or you’d like to schedule an inspection before the auction, contact Gary at email@example.com or call Purple Wave’s Philip Mathias at 701.429.1561.
Like all Purple Wave auctions, there are no reserves or minimum bids. Items receiving bids in the last few minutes will be automatically extended to give everyone a fair chance to bid. There’s no advantage to waiting, so view the complete inventory listing – and place your bids now – at purplewave.com.