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Ritchie Brothers Roleau

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    #1

    Ritchie Brothers Roleau

    Checked out sale results....


    Wow.


    Lots of good deals to be had. Can't believe how much equipment has dropped.


    Is that going to be how it is going forward?



    With India, and now Turkey and their stances on pulse imports... A large area in sask will have no cash crop.


    What's that going to do for rotations, land prices, and the provincial economy?
    Tags: None
    #2
    Aaaaawwwww.......poor "stealerships"!!!!!

    Comment

      #3
      In farming it seems that the greatest opportunities come when things turn down. The key is too have money to spend when this occurs, not always an easy thing.

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        #4
        There was some obvious junk there also which is common with the yard sale. Saturday's sale was the opposite, everything seemed to bring very good money

        Anyone know if any of the "annual whole line flipping farms" have equipment on the Stoon spring sale?

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          #5
          The 2 we know.. have flipped again.

          Comment

            #6
            Originally posted by Partners View Post
            The 2 we know.. have flipped again.
            Who does it benefit the most?

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              #7
              Follow the money the flippers are not gaining ground some will be done soon. Like iceman I’m out!

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                #8
                Originally posted by SASKFARMER3 View Post
                Follow the money the flippers are not gaining ground some will be done soon. Like iceman I’m out!
                No way good old SF3.

                You my brother are playing the long game and are a optimist at heart.

                Iceman Out

                Comment

                  #9
                  What exactly went cheap at that sale?
                  Looks to me things brought good prices other than newholland combines


                  Iceman Out

                  Comment

                    #10
                    Originally posted by Partners View Post
                    The 2 we know.. have flipped again.
                    Can someone please tell my why this makes sense? No matter what the leasing company says, the true cost of running new every year will be way higher than taking a chance and running machines 5 years or more, in my opinion.

                    Is it a tax thing? That makes no sense when investing a buck to get 12.5% back or if a big farm, 27%.

                    Is it the fear of break down in season and therefore downtime? My accountant always says "what if it doesn't break down because its a good machine and you are good at preventive maintenance"

                    Is it just plain ego or they just don't understand basic management of the farm and keeping costs in check?

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