Ritchie Brothers Roleau

[Klause]

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?

[farmaholic]

Aaaaawwwww.......poor "stealerships"!!!!!

[jamesb]

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.

[Richard5]

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?

[Partners]

The 2 we know.. have flipped again.

[farmaholic]

The 2 we know.. have flipped again.

Who does it benefit the most?

[SASKFARMER3]

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

[iceman]

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

[iceman]

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


Iceman Out

[Richard5]

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?

[LEP]

I really think they think they are running at the lowest cost. If you do it long enough you lose the practical side of equipment costs and get brainwashed.

Besides image is everything with them.

I think I have told this story before about a now bto who was on the way up. He was buying a truck from a guy in the patch that was to be used for a water truck. He talked about how he ground this guy and ground this guy on price. Eventually buying it for something like $7k. Then turned around and spent $3k to paint it. It was a piece of junk mechanically, but it looked good.

[the big wheel]

You'd be surprised how many farms now where maintenance is a complete disaster even something simple as greasing does not get done sometimes at all during a harvest season. I know this because some new people I hired were shocked we actually went over the machines each morning while fuelling. Of cours one was still waiting to get paid wages from the last place last fall also.
.
A lot of those machines will have wore out pieces long prior to what they should be.

But that isn't always the case.