A forklift, vintage tractor parts and other farm machinery have been stolen from two north-east properties on the same road.
The items were taken from farms on the road from Cammachmore to Cookney near to Newtonhill.
The Caterpillar Telehandler, worth more than £7,500, was stolen between 6pm on Thursday and 7am this morning.
At around the same time vintage tractor parts and other farm machinery worth around £5,000 was stolen from a farm nearby.
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Inquiry officer PC Angela Dow said: “We are keeping an open mind as to whether these two incidents of theft could be linked.
“Given what has been stolen it is likely a large vehicle was involved. I would urge anyone who saw anything suspicious in the area including any unusual vehicles in the time frame to contact us on 101 using reference number CF0232360918 for the forklift and CF0232330918 for the vintage tractor parts and other farm machinery.
“Crimestoppers can also be contacted on 0800 555 111 if you wish to remain anonymous.”