Every spring, Ritchie Bros. holds dozens of farm retirement dispersals across Western Canada. Traditionally the company would drive from farm to farm as a travelling auction company, but in spring 2021 all bidding is conducted online via Timed Auction or with an auctioneer, and it's paying off for consignors.

"We registered more than 160,000 bidders and attracted more than 1.6 million online equipment views for our spring 2021 agricultural events," said Jordan Clarke, Sales Director, Ritchie Bros. "As a result, equipment pricing in March and April was very strong in Canada, with buyers pushing hard on almost every asset category."

This spring, in just 30 days, Ritchie Bros. conducted 71 farm auctions, generating more than $85 million in gross transaction value.

Ritchie Bros. Canadian Agriculture Industry Panel
On May 10, 2021, at 11 a.m. – 12 p.m. Pacific, Ritchie Bros. will host a Canadian agriculture industry panel to discuss key issues impacting the farming industry in Canada, including supply/demand metrics, macro economic issues, and more. This free one-hour online panel discussion will feature Farm Credit Canada Principal Agriculture Economist Craig Klemmer; Western Equipment Dealers Association CEO John Schmeiser; along with Ritchie Bros. experts Jordan Clarke (Director, Sales) and Kevin Tink (Senior Advisor & Auctioneer). Register for free online at rbauction.com/blog.