Largest Farm Auction in Saskatchewan

[SASKFARMER3]

Today I attended the Stockholm auction for 83 quarters of land.
Its finally sinking in that maybe farming really is finished in Western Canada.
The land for $3,500,000.00 would have got you 13280 Acres of grain land with buildings etc.
The big bins 75,000 bushel x 6 started at $32,000.00 then dropped off to $20,000.00
The equipment first 10 trucks were bought by internet then the highway tractors sold highest 15,000.
The construction equipment had some life but not much.
Big equipment I left before it really finished.
Most farmers were their to Visit and see.
Home quarter had two pole sheds 240 x 60 x 18 and 120 x 60 x 16 both build in last two years. Total land and buildings $140,000.00 he paid 210,000 for the buildings two years ago.
The great liberal experiment is finally done and farmers have lost.
Thanks
Lyle

[dalek]

There's a small one here tomorrow. Machinery so far this year is going for less than half of what it did last spring and that was no great hell.

[SASKFARMER3]

I was shocked by the equipment even the Americans were cautious and so were the hutterites. Locals just sat and talked and others drove hours to attend or just see what was happening.
Has my equipment just dropped by 1/2 price. the land sure looks like it is heading their.
Also the Albertans and Foreigners who moved here are starting to think maybe its tougher to farm here than they first believed.
And Richie Bros wont be giving a guarantee on sales any more.

[almoy]

Was the land picked up by locals. Anyone buying big parcels of it?

[SASKFARMER3]

One Albertan bought 20 of the quarters the rest was bought by locals.
Lets hope this one either sends his son to farm out here or moves him self.

[wilb]

Just curious if anyone knows what the owner paid for this land campared to what he got at the sale. I heard that he had bought some of it quite cheap in the last few years.

I was at an aution yesterday of a well known farmer with good equipment. I think he got good value out of everything, except maybe his swather and combine.

[SASKFARMER3]

My neighbor in City farmed north of Gillen and he paid good money for the land OK in this area good money around 40,000 a quarter average to more he got 40 plus on some but a low of 9000 on last few.
Where he got creamed is on the buildings.
Two sheds cost 240000 to build talked to the builder and we have one like his. The big five bins were 32000 down to 20000 for last. $130,000 cost to build with cement air etc. They were nice but would have cost over 300,000.
On the grand scheme he lost and if Richie Bros gave him a price they lost.
Oh Got of love it when a Speculator gets It in the end. Sorry these guys come in and think they are way smarter than us and then when they screw up its not their fault.
If this is sales of the Future its bad.

[jensend]

actually i think the big land buyer bought 30 quarters and you'll see a lot of four-legged combines harvesting future crops.

[carebear300]

Apparently farming isn't that bad yet or the results would have been way worse than that. It still isn't bad enough for the banks to be taking a big hit and until that happens the government will remain indifferent to problems facing us remaining farmers. So much for the idea with a westerner as prime minister that agriculture would actually become important in this country.

[ivbinconned]

Your so generous carebear...50 days and you expect Harper to turn around years and years and years of neglect.

He may fail us and history shows that he likly will, but not one will take your comments seriously this early in the game ...and with a minority at that.

Oh...there are a couple, I know that will.....