Richie sale

[Rareearth]

I would much rather invest in myself, family and the business, things that I have a understanding and some control over ( excluding weather anomalies ).
Yes depreciation is expensive, I evaluate based on calculated risk / opportunity cost, life staging, priorities, opportunities, etc
Many invest in stock markets, taking advice from a broker they have never met, usually motivated by commissions or otherwise. Investment are made into companies, markets and countries where intimate knowledge, expertise, insider knowledge are very limited to non existent.

[farmaholic]

Raeearth... you hit the nail on the head. Someone I know was stressing about where to invest some money.... another guy told him to "invest in what you know (something about). So he bought some more farmland...

[ianben]

Hi
I watch the auction of the air seeders in UK with over 32000 others online according to the screen.

How many are actually on site at the auction?

Seemed lots of online bidders and buyers. Do people buy from the photos unseen as seemed to be big variation in price on what looked very similar drills.

Is the seedhawk worth that premium over all the other makes?

[bucket]

Anyone notice the 30 foot case no till disc drills have been thru about 6 sales already?

[TOM4CWB]

Ianben

Looked like older SeedHawk models... not wanted by the present dealer network.

Big shakeup in Seedhawk management... and RichieBros has some pretty good minimum assurances [for pieces like the new seed hawk drills] for special pieces of equipment that increase the bidders to the sale. Pooling and smart marketing!

[Klause]

You guys realize that rb bids themselves on the sale.... thru Internet bidders and then ships equipment all over NA?


I sold a forage harvester that has been in sales in stoon Toronto Duluth and Florida. .. my old spray air has been in stoon calgary and brandon

[farming101]

Klause, is there any sense to that? Isn't that a complete waste of time and money?

[farmaholic]

Are you guys following serial numbers on the equipment you're claiming has been in multiple sales "across" North America? Freight isn't free either, even if you had your own tucking fleet! I wouldn't be a bit surprised if there was some internal bidding via the net or even onsite. At the last sale in Saskatoon it is funny how after the opening bid is received on an item it is rammed so fast there is no way the auctioneer could possibly have taken those bids from his bidspotters and with certainty know who is on in the last bid. Then after that episode they work the bidders to get a concrete bid and the pace can be followed by the crowd.

Buying equipment online without going to inspect it prior to sale would be like buying a pig in a poke. Buyer beware at the best of times.

It is an amazing sale.... 2 rings simultaneously along with timed auctions.... if you consider the timed auction a ring, you have a three ring CIRCUS.

With the advent of online bidding, the days of stealing something at auction seems to be a thing of the past. Not saying there are no good deals but the ones that keep you awake at night (if you have a conscience) seem to be few and far between.

[sumdumguy]

in fall 1961, we sold our farm "up north" and moved to the Regina Plains. At the farm we bought, the owner and family took only their clothes and car and left all else behind. Because of the severe drought of 1961, the family abandoned 2 3/4 sections of Regina Heavy Clay. The bins were full, the 2 quonsets were full of machinery. The houses were full of personal possessions. We expected that one day they would return out of curiosity or nostalgia but no, not one of the family ever returned from Victoria. Get to the point : when we sold our farm near Yorkton, the auctioneer advised us to get a few strangers to come down as inside bidders to bid stuff up.

We took our milk cow Penny, our cat Darrel, our mutt Buster and 3 white geese to the promised land. The locals were amazed to see "the Clampetts. " Sorry to bore you all, but the point of this ramble was the insider bidding. I always remember that when I attend auctions to this day.

[grassfarmer]

Funny you can see the virtue of "Pooling and smart marketing!" of RB sales but not the CWB. Maybe time to change to TOM4RB?