Nobbs RB auction ..

[MBgrower]

Nobbs will be driving to his million dollar cottage this summer, passing by farm fields full of mud and stuck farm equipment and asking himself, why arent these guys selling?

[Ache4Acres]

I am pretty sure looking at things that they must have over extended themselves. With a lock stock and barrel sale including their land...seems like maybe some bankster wanted their money back

[hobbyfrmr]

It looks like a top notch operation. 20,000 acres.
Makar, I am sensing some sour g****s !

Ritchie Bros. Auctioneers and the Nobbs family are excited to offer, by unreserved auction, 51 parcels of real estate and a large line up of late model equipment. Danny, Denise & their three children (Dillan, Danica & Deanna) have grown this farm year after year to over 20,000 acres. As farming practices have changed, with new technology and state of the art equipment, this farm is truly a modern high yielding grain farm. This farm is very well laid out with large expansive fields allowing for maximum efficiencies required by the largest equipment in this sector. Water management has been a priority with prolific yields and productivity evident. A profitable investment is what you expect when purchasing this property.

[makar]

No sour g****s here, i am a hour away.

[Klause]

More to this story... not involving anyone going broke.

[hobbyfrmr]

Krause, it reads to me exactly like a success story. Farmer guy goes farming, raises his family, rents and buys land, utilizes modern efficient machinery until he reaches a pinnacle, then sells it for multi millions and lives happily ever after.
It's not any different than a person who owns 51 Taco Time franchises, or 51 La Senza outlets selling out to retire.

[sumdumguy]

It reads to me like a guy living in a free country, gets to a point in his life where he wants to kick back, throttle down, not want to worry about the clouds, the railways, 30 men and their wives, weeds, chemicals. After 20 or 30 years he may just be saying to hell with it, I have a few good years left and I don't need to do this until I can't walk anymore.

[SASKFARMER3]

I have one question, why not sell useless equipment and then rent the property out and retire!
Land is a hard asset money in bank is a asset.

Just wondering. Nice farm Eh!

[biglentil]

Who the hell knows? Could be a million things divorce, cancer, cashing out to do it all over again somewhere else, sick of working so damn hard, clubroot, maybe they think they can buy it back for half price in a few years!

[biglentil]

Who the hell knows? Could be a million things divorce, cancer, cashing out to do it all over again somewhere else, sick of working so damn hard, clubroot, maybe they think they can buy it back for half price in a few years!

[Ache4Acres]

They buy brand new equipment for the entire farm in 2014, literally everything. 8 combines, 6 quad tracks etc...builds all new bins and grain handling system. Even has plans for another row of 60,000 bushel bins with 8 new bins left unbuilt sitting in storage. Kids are just getting to the age to farm on their own. Then bammo sell it all.....

[farmaholic]

Does anyone planning on quitting ever buy new shit for a capital lose (at the sale) to offset a capital gain after you ran out of personal exemption? How would that ever make sense...April fools day.