To be honest I haven’t attended that many farm auctions over the years, mostly because there is probably nothing at an auction that I really need, and secondly there is a very real risk I would attend and probably buy something I didn’t really need.
Having said that, the COVID-19 Pandemic doesn’t seem to have affected the success of farm auctions in Western Canada this spring according to one of the bigger auction services – Ritchie Bros.
This spring, in just 30 days, using on-line sale technology 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.
Traditionally the company would drive from farm to farm as a travelling auction company, says Jordan Clarke, sales director, Ritchie Bros. But in Spring 2021 all bidding is being 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 Clarke. “As a result, equipment pricing in March and April was very strong in Canada, with buyers pushing hard on almost every asset category.”
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.
And the sales went very well according to these farmers who used the on-line auction services.
“We were new to the online auction process, so we had a lot of questions, and they were always there for us,” says 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.”
And from Leduc, AB… “all of the Ritchie Bros. employees were friendly, easy to work with, and very accommodating,” says 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.”
And from Parkside, SK…”Thank you, Ritchie Bros, for a first-class auction and an excellent result,” says Kerry Peterson, who sold 175+ items in a Timed Auction on April 10.
To learn more about Ritchie Bros. auction services visit their website at: rbauction.com/selling.
And just for broader views or an update about how things look in the agriculture industry this coming year, tune in for the on-line Ritchie Bros. Canadian Agriculture Industry Panel, May 10 at 11 a.m. (Pacific time.)
The Canadian agriculture industry panel will 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
APPLY FOR NUFFIELD SCHOLARSHIP
And changing gears completely, applications for the 2022 Canadian Nuffield Agricultural Scholarships are now open. Nuffield Canada has created a new digital interview platform that is interactive and engaging.
The Nuffield Scholarship is a prestigious rural leadership program available to anyone mid-career who is involved in agriculture. This $15,000 CAD scholarship provides individuals with a unique opportunity to:
- Access the world’s most extensive network in food and farming,
- Achieve personal development through travel and study, and
- Deliver long-term benefits to Canadian farmers and growers, and to the industry as a whole.
Deadline for applications is June 30, 2021.
“The opportunity to become a part of a global network of leaders in agriculture and the chance to explore new ideas abroad compelled me to apply for the Nuffield scholarship,” said 2019 Canadian Nuffield Scholar Ryan Boyd from Forrest, Manitoba. “The scholars that I have met over the years have been impressive individuals and all can’t say enough positive things about their Nuffield experience.”
Scholars must complete their global study within two years of being awarded a Nuffield Scholarship; producing a written report and presenting their findings during the Nuffield Canada AGM.
Nuffield Canada investors will provide up to five named scholarships for 2022:
- Alberta Wheat Commission scholarship is available to an Alberta resident directly connected to primary grain production whose research topic will focus on studies that benefit the wheat sector.
- Canadian Canola Growers Association scholarship is available to an outstanding individual supportive of modern farming practices and actively involved in the field crop sector whose research topic will advance Canada’s agriculture success.
- Farm Credit Canada scholarship is available to an outstanding individual that contributes to building knowledge of the Canadian producer.
- PEI Department of Agriculture and Land scholarship is available to an outstanding individual living in PEI and actively involved in the agriculture community.
- Western Grains Research Foundation scholarship is available to an outstanding individual directly involved in the Western Canadian field crop sector whose research topic will focus on the field crops.
Lee Hart is a field editor with Grainews based in Calgary. Contact him at 403-815- 3719 or by email at [email protected]