AgriCon Auction opens near Valley Center - Wichita Business Journal:

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AgriCon Auction LLC was founded byGary Graber. The firm will hold its firsr auctionJuly 25. “We’re beginning to get equipment We’re seeing quite a bit of activity,” Graber The company occupies a small offic e building at the former Groendyke yard near 77th Street Northand Broadway, along with six acre s to store equipment going to auction. Okla.-based moved its Wichita terminal in 2007 to a new facilith near 29thand Ohio. Graber says he startedd the auction company hoping to take advantage of what he called a lack of an aggressive auctioj company specializing in agricultural equipmentt in theWichita market.
Graber for the past 20 years has ownef an equipmentfinancing business, Westar in Reno, Nev. But before he was a partner with his fatherand brother-in-law at Hutchinson’a TriPoint Equipment, which sold Allis-Chalmers, Hesstoj and Steiger farm equipment. When thos e manufacturers began struggling in thelate 1980s, Grabeer says he moved west and started his equipmentt financing business. But that business has driecd up with thefinancial crisis. Banks have made lendin more difficult, Graber says, and his business has gone the way of many mortgages brokers who no longer are able tomake “We’ve only done two transactionsz since the first of the he says.
“I saw this as an opportunity to come back to whers my roots are to do something in the equipmenf business that I really Graber says he started AgriCon withsileny partners. The company will specialize in farm equipment but also has gotten interest from local construction companies looking to sell equipmen tlike graders, skid steers and wheel “It seems like people love to go to auctions. They love to go kick the Graber says. “Our missioj statement includes providing a really nice atmospherre that people can buy and sell equipment at retail valuee better than trading it in at alocaol dealership.
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