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Becoming an Agricultural Auctioneer...

  • 31-01-2013 1:18am
    #1
    IrishLad2012
    Registered Users, Registered Users 2 Posts: 276 ✭✭


    As the title suggests,I am considering becoming an agricultural auctioneer.A local auctioneer has retired from the mart and I was thinking of getting into this kind of work.

    I am very familiar with the mart system and have bought/sold stock for years as a farmer.Just wondering do you need to be a qualified auctioneer to run marts?


Comments

  • #2
    Chevy RV
    Registered Users, Registered Users 2 Posts: 467 ✭✭Chevy RV


    Hello There,


    Once you are an auctioneer, you can sell pretty much anything.

    One of the biggest obstacles if a bond that is required which is €10,000 as far as i know. You then have to go through the motions of registering and get professional indemnity insurance. There are 2 main institutes, IAVI Institute of Auctioneers & Valuers in Ireland and IPAV Institute of Professional Auctioneers & Valuers. ( The first one being more established , bigger and more prestigious). They run courses to become members.

    I would talk to the guy that has retired. Try to do a deal with him to "take over" from him is probably the easiest way.


    Regards,


    Chevy RV


  • #3
    iverjohnston
    Closed Accounts Posts: 1,242 ✭✭✭iverjohnston


    Your contacts are more important than your qualifications. How are you "got" with the mart managment? The retiring Auctioneer got a son/daughter/relation in the trade? You better hope not..........

    There is a new system in place, based in Navan, whereby you pay annually €1000 for your licence. You either have expierence/qualifations in place, or you can work towards them over time. You do not need €10,000 bond in cash, you can buy an insurance policy anually to cover yourself/the requirement of the agency. Do you know all the regulars round the ring? Are you associated with the dealers/tanglers, or more identified with the farmers? If for example, you had done a bit of contracting, and were well known to farmers, it would be a help. Good luck.


  • #4
    IrishLad2012
    Registered Users, Registered Users 2 Posts: 276 ✭✭IrishLad2012


    iverjohnston wrote: »
    Your contacts are more important than your qualifications. How are you "got" with the mart managment? The retiring Auctioneer got a son/daughter/relation in the trade? You better hope not..........

    There is a new system in place, based in Navan, whereby you pay annually €1000 for your licence. You either have expierence/qualifations in place, or you can work towards them over time. You do not need €10,000 bond in cash, you can buy an insurance policy anually to cover yourself/the requirement of the agency. Do you know all the regulars round the ring? Are you associated with the dealers/tanglers, or more identified with the farmers? If for example, you had done a bit of contracting, and were well known to farmers, it would be a help. Good luck.
    Thanks for your reply.Big relief that the fee isn't as high €10,000,do you have a link for this system in Navan?To answer your questions,I am known at every mart in the county,my father dealt in both sheep and cattle for years,so I pretty much know the system inside out.I would know the current auctioneer very well.My hope would be to auctioneer for a few years and then maybe buy shares in the mart.


  • #5
    iverjohnston
    Closed Accounts Posts: 1,242 ✭✭✭iverjohnston


    www.psr.ie

    Bloody hell, your going to buy the mart!


  • #6
    reilig
    Closed Accounts Posts: 7,401 ✭✭✭reilig


    Lads, all of these links and points of information that yer giving are to do with property auctioneers. A mart auctioneer doesn't personally need to have insurance to sell cattle. At the end of the day, his employer (the mart) is who will need to have the insurance cover and to lay any bonds that may need to be laid.

    OP. If you want to become an auctioneer at a mart, what you need is ability to sell. You need to know the right talk, you need to know the buyers and the sellers. Not many marts will take on a rookie and train them up. In most marts, you'll find that there's already a rookie who works in the office or in the yard and who fills in for 10 mins here or there while the main auctioneer has a pee or a cup of tea. Sometimes its the writer/price recorder. These are the kind of jobs that you have to start with and be willing to take every opportunity that comes your way.

    It was 3 or 4 years ago that you should have been thinking about filling this auctioneer's shoes. Now that he's retired, they'll want someone with experience to replace him.


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