Ritchie Bros. brings big returns for agricultural equipment, farmland, and real estate this spring
45 farm auctions in March April attracted 101,000 bidders from around the world SASKATOON, SK , May 10, 2022 |PRNewswire| - Each spring, Ritchie Bros . helps dozens of farmers from Western Canada retire and sell their equipment, farmland, and real estate to interested buyers around the world. This year the company conducted 45 farm auctions in March and April with its Timed Auction technology, achieving outstanding results for consignors. "By attracting unprecedented demand, we have been able to achieve record-breaking returns for equipment and farmland in 2022," said Jordan Clarke , Sales Director, Ritchie Bros . "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." More than 5,000 agricultural items were sold through Ritchie Bros .
Ritchie Bros. brings big returns for agricultural equipment, farmland, and real estate this spring
45 farm auctions in March April attracted 101,000 bidders from around the world SASKATOON, SK , May 10, 2022 |PRNewswire| - Each spring, Ritchie Bros . helps dozens of farmers from Western Canada retire and sell their equipment, farmland, and real estate to interested buyers around the world. This year the company conducted 45 farm auctions in March and April with its Timed Auction technology, achieving outstanding results for consignors. "By attracting unprecedented demand, we have been able to achieve record-breaking returns for equipment and farmland in 2022," said Jordan Clarke , Sales Director, Ritchie Bros . "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." More than 5,000 agricultural items were sold through Ritchie Bros .