Learn more at Ritchie Bros. Canadian Agriculture Industry Panel
on May 10 at 11 a.m. Pacific
SASKATOON, SK, May 5, 2021 /PRNewswire/ - Every spring, Ritchie
Bros. holds dozens of farm retirement dispersals across
Western Canada. Traditionally the
company would drive from farm to farm as a travelling auction
company, but in Spring 2021 all bidding is conducted online via
Timed Auction or with an auctioneer, and it's paying off for
consignors.
"We registered more than 160,000 bidders and attracted more than
1.6 million online equipment views for our spring 2021 agricultural
events," said Jordan Clarke, Sales
Director, Ritchie Bros. "As a result, equipment pricing in March
and April was very strong in Canada, with buyers pushing hard on almost
every asset category."
This spring, in just 30 days, Ritchie Bros. conducted 71 farm
auctions, generating CA$104+ million in gross transaction value.
Equipment highlights included 230+ tractors, 140+ combines, 110+
air drills, 675+ grain bins, farmland, and a lot more. Specific
sales highlights included a 2020 Claas 8700 combine that sold in
Bowsman, MB via Timed Auction for
CA$500,000; a 2018 John Deere R4045 120-ft high clearance sprayer
that sold via auctioneer in Regina,
SK for CA$445,000; and a 2018 Versatile 610DT track tractor
that sold via Timed Auction in Eatonia,
SK for CA$410,000.
Want to learn more? Ritchie Bros. Canadian Agriculture
Industry Panel on May 10 at
11 a.m. Pacific
On
May 10, 2021, at 11 a.m. – 12 p.m.
Pacific, Ritchie Bros. will host a Canadian agriculture industry
panel to discuss key issues impacting the farming industry in
Canada, including supply/demand
metrics, macro economic issues, and more. This free one-hour online
panel discussion will feature Farm Credit Canada Principal
Agriculture Economist Craig Klemmer;
Western Equipment Dealers Association CEO John Schmeiser; along with Ritchie Bros. experts
Jordan Clarke (Director, Sales) and
Kevin Tink (Senior Advisor & Auctioneer). Register for free
online at rbauction.com/blog!
Spring Auction Customer Testimonials:
- "We were new to the online auction process, so we had a lot of
questions, and they were always there for us," said Larry and Jean Hamilton, who sold farmland on
April 5 and 6 in Saskatoon, SK. "The entire process was handled
in a very professional manner and the end results were above and
beyond our expectations."
- "All of the Ritchie bros. employees were friendly, easy to work
with, and very accommodating," said LeRoy
and Karen Sonnenberg, who sold 75+ items via Timed Auction
on April 9. "We were very pleased
with the process and the outcome from our auction. Ritchie Bros.
are excellent to work with from start to finish."
- "Thank you, Ritchie Bros, for a first-class auction and an
excellent result," said Kerry
Peterson, who sold 175+ items in a Timed Auction on
April 10.
To consign equipment to an upcoming Ritchie Bros. auction,
contact your sales rep or visit rbauction.com/selling.
About Ritchie Bros.:
Established in 1958, Ritchie
Bros. (NYSE and TSX: RBA) is a global asset management and
disposition company, offering customers end-to-end solutions for
buying and selling used heavy equipment, trucks and other assets.
Operating in a number of sectors, including construction,
transportation, agriculture, energy, oil and gas, mining, and
forestry, the company's selling channels include: Ritchie
Bros. Auctioneers, the world's largest industrial
auctioneer offers live auction events with online bidding;
IronPlanet, an online marketplace with featured weekly
auctions and providing the exclusive IronClad Assurance® equipment
condition certification; Marketplace-E, a controlled marketplace
offering multiple price and timing options; Mascus, a
leading European online equipment listing service; and Ritchie
Bros. Private Treaty, offering privately negotiated sales. The
Company's suite of solutions also includes Ritchie Bros. Asset
Solutions and Rouse Services LLC, which together provides a
complete end-to-end asset management, data-driven intelligence and
performance benchmarking system. Ritchie Bros. also offers
sector-specific solutions including GovPlanet, TruckPlanet, and
Kruse Energy, plus equipment financing and leasing through Ritchie
Bros. Financial Services. For more information about Ritchie
Bros., visit RitchieBros.com.
Photos and video for embedding in media stories are
available at rbauction.com/media.
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SOURCE Ritchie Bros.