Ritchie Bros. brings big returns for agricultural equipment, farmland, and real estate this spring

About this update from Rb Global, Inc.

[{"type":"text","content":"\n \n \n \n Ritchie Bros. brings big returns for agricultural equipment, farmland, and real estate this spring\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n 45 farm auctions in March & April attracted 101,000+ bidders from around the world\n \n \n \n \n SASKATOON, SK\n \n \n ,\n \n \n May 10, 2022\n \n \n /CNW/ - Each spring,\n \n Ritchie Bros\n \n . helps dozens of farmers from\n \n Western Canada\n \n 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.\n \n \n \"By attracting unprecedented demand, we have been able to achieve record-breaking returns for equipment and farmland in 2022,\" said\n \n Jordan Clarke\n \n , Sales Director,\n \n Ritchie Bros\n \n . \"Earlier this year, we sold a 155± acre home quarter in\n \n Torquay, SK\n \n for\n \n $1.33\n \n million—setting a new highwater mark for the region. Two months later, we sold 6,100± acres of farmland and a home quarter in\n \n The Pas, MB\n \n for a combined\n \n $12.9 million\n \n . Meanwhile, equipment has also been achieving record high prices this spring.\"\n \n \n More than 5,000 agricultural items were sold through\n \n Ritchie Bros\n \n . Timed Auctions this spring, including 70+ combines, 60+ air drills, 50+ 4WD tractors, and 120+ parcels of farmland. All items were sold without minimum bids or reserve prices.\n \n \n \n Spring farm sales highlights:\n \n \n \n \n 2016 Case IH 620 QuadTrac tractor – CA$550,000 (\n \n Moose Jaw, SK\n \n on\n \n April 7\n \n )\n \n *Highest priced Case IH QuadTrac in company history!\n \n \n \n 2016 John Deere 9570RX tractor – CA$520,000 (\n \n Vauxhall, AB\n \n on\n \n March 31\n \n )\n \n \n 2017 John Deere 9260RX tractor – CA$455,000 (\n \n Hudson Bay, SK\n \n on\n \n April 14\n \n )\n \n \n 2017 John Deere 9570R 4WD tractor – CA$425,000 (\n \n Hudson Bay, SK\n \n on\n \n April 14\n \n )\...

More updates from Rb Global, Inc.