| Buildings
The Equipment Register (TER) is
Europe’s largest managed database
of theft and ownership records for
used Plant and Agricultural
equipment, providing a specialist
online service for due diligence since
1995.
We work closely with many sectors within the
industry, ranging from members of the public,
dealerships, auction houses and law enforcement to
not only safeguard reputation but also help reduce
financial loss.
Without carrying out vital due diligence this can make
unwitting buyers and sellers vulnerable
to substantial financial loss.
It is government policy in virtually every country to
reduce the ability of criminals to sell stolen items by
encouraging due diligence searching by buyers,
finance houses/lenders, dealers, auction houses,
insurers, and other parties. It helps reduce theft as
criminals find they cannot sell stolen goods at or for
much less than market price which becomes a clear
indicator.
TER offers the public the opportunity to carry out
proper due diligence checks that are essential to
safeguard buyers, sellers and owners against criminal
An example of this is TER’s monthly onsite presence at activity.
Cheffins machinery auction. Cheffins, who host the
The cost of a TER check is negligible compared to the
world’s largest monthly plant and agricultural sale,
cost of the machinery, inconvenience, financial and
carry out scrupulous checks to ensure that the firm
reputational damage that can occur if stolen
does not deal in stolen goods.
equipment is purchased without checking.
To help strengthen these checks, TER are present at
TER is offering readers of Farming Monthly a 15%
the monthly auctions, checking all lots against their
reduction on the regular cost of the check until the
database, substantially reducing the chance of a sale
31st of January 2018. Simply enter the promotional
of stolen goods.
code FARM2017 before you check out of the payment
The market for second-hand machinery is particularly section.
vulnerable to fraud and theft. In 2016 alone 2,996
stolen items of stolen machinery were reported.
Check equipment, get valuations, register items, get security advice, report theft and
improve the chance of recovery.
36 | Farming Monthly | October 2017
www.farmingmonthly.co.uk