Ritchie Bros. conducted 45 farm auctions in March and April through its timed auction technology, selling more than 5,000 agricultural items, including more than 70 combines, 60 air drills, 50 4WD tractors and 120 parcels of farmland. The auctions attracted more than 101,000 bidders from around the world. All items were sold without minimum bids or reserve prices.
“By attracting unprecedented demand, we have been able to achieve record-breaking returns for equipment and farmland in 2022,” Jordan Clarke, sales director at Ritchie Bros., said. “Earlier this year, we sold a 155± acre home quarter in Torquay, SK, for $1.33 million, setting a new highwater mark for the region. Two months later, we sold 6,100± acres of farmland and a home quarter in The Pas, MB, for a combined $12.9 million. Meanwhile, equipment has also been achieving record high prices this spring.”
Spring Farm Sales Highlights:
“From our initial meetings, we knew we had made the right decision to sell with Ritchie Bros.,” Frank Marlow, who’s family sold thousands of acres of farmland in The Pas, MB, said. “The whole process from auction preparation to sale day was handled professionally. They put a great deal of effort into advertising our farm and equipment. We would encourage anyone to use Ritchie Bros. With their global reach, knowledge of the agriculture industry and great customer service, we highly recommend using their auctions services.”
“Book your sale with Ritchie Bros. Their reach is outstanding and their professionalism will always make you feel completely comfortable,” Robin Cristo of Cristo Farms, which sold more than 70 items at an auction in Assiniboia, SK, on April 12, said. “The crew that was here were very professional; they all knew their job and did it flawlessly.”
“Hats off [to] the whole Ritchie Bros. crew,” Gary Wenc, who sold more than 240 items on April 8 for Wenc Farms, said. “Thank you from the bottom of or hearts. The team explained every detail of the auction process and were always quick to … answer any of our questions.”
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