Clark's Crossing Gazette - March 20, 2014 issue

Page 1

306.477.4527

Gazette Saskatchewan

Agriculture

Chicken Pizza

CLARK’S CROSSING

week 2014

Gazette

March 23-29

Special Section Inside

CLARK’S CROSSING

306 -934 -6400

SASKATCHEWAN’S LARGEST INDEPENDENTLY-OWNED COMMUNITY NEWSPAPER

THURSDAY | MARCH 20, 2014

| Section B

Upcoming land lease auction SASKATCHEWAN’S LARGEST INDEPENDENTLY-OWNED COMMUNITY NEWSPAPERone of the largest ever in province

THURSDAY | MARCH 20, 2014

w w w.ccgazette.ca

By TERRY PUGH

tpugh@ccgazette.ca

Leases on 21 parcels of farmland in the RMs of Corman Park, Rosthern and Laird and are coming up for auction at Ritchie Brothers Auctioneers in Saskatoon on Tuesday, March 25. The land area includes a total of 41 quarter-sections (over 5,675 acres) spread out over a large area, and the parcels vary in size and location. The land is owned by Louac Farms Ltd. and all the leases are for a three-year term. “It’s a little different than what you normally see when it comes to farmland auctions,” said Ritchie Brothers Territory Manager Travis Sack in an interview on Friday, March 14. “This certainly isn’t the first land lease auction, but it’s definitely one of the biggest, and it’s something we’re likely to start see-

ing more of. We’re just getting into this, and it represents a good opportunity for us, and for the farmers in the area as well.” Sack said the land itself is not being sold. What is on the auction block is the lease – the right to rent the land for three years. “The way land transactions typically happen is we sell the parcels of land, but in this case, the landowner’s business situation is such that auctioning the leases on the land works out better for him,” continued Sack. “He approached us about it, and we’re excited to handle this sale because we expect a tremendous amount of interest in it.” Landowner Kyle Klassen said he chose to go the auction route because he felt it was the most “business-like” method of determining who the leases would go to. “I removed myself from the equa-

tion by relinquishing all control,” said Klassen in an interview. “The bottom line is that the high bid takes it. It’s strictly a business deal, and this method takes away all the other complications that can sometimes come up in these situations.” The land parcels – which range between 125 cultivated acres and 565 cultivated acres - all come up for bids at the same time at the auction, according to Sack. The highest bidder then has the choice of which parcels of land he or she wants to lease. That could be all 21 parcels, it could be a single parcel, or any combination of parcels. After the bidder makes the choice, the remaining parcels go back on the auction block for another round of bidding. The process is repeated as many times as necessary. “There could be 21 rounds of bidding, 15 rounds, six rounds, or there could be a single round, it all

depends,” said Sack. “If, for example, we sold the lease to the highest bidder for ‘x’ number of dollars per cultivated acre, we would say: ‘okay, Mr. Bidder,’ which parcels would you like? He may say, ‘I want Parcels 1, 5 and 7. We would then take those parcels, calculate the total cultivated acreage, and multiply that by the dollars per cultivated acre he bid, and that is what they have rented it for the year. At that point, Parcels 1, 5 and 7 are out of the auction, and we start another round of bidding.” The successful bidder also obtains the first right of refusal for purchase later on. The leases are calculated by dollar per cultivated acre, multiplied by the number of acres. In addition to bidders who come to the auction in person, Sack said bids will also be taken online. Bidders can register online and listen

Bobcat of Saskatoon A DIVISION OF Earthworks Equipment Corp.

Scan this and get all the latest news instantly...FREE!

in real time to the auction. “They receive an online bid number when they register,” said Sack. “And they can see and hear what the auctioneer is saying in real time, whether they’re in Osler or Australia, they hear the same thing at the same time as the people who are physically present at the auction. To make a bid, they simply click their mouse and hit the ‘bid’ button. That alerts the auctioneer and he tells the crowd what the bid is.” Sack said the online process allows bidders a degree of anonymity. Klassen said the lease auction offers a good way of avoiding problems and complications. “It doesn’t pit neighbor against neighbor,” said Klassen. “It’s strictly business, and everybody has the same opportunity as everybody else.” Full details of the sale and copies of the lease agreement are available at rbauction.com/realestate.

34 Capital Circle • Saskatoon, SK S7R 0H4

306-931-7880 • www.earthworksequipment.ca

PICK FROM TWO

0% for 60 months

POWERFUL MACHINES.

OR rebates on all new 1.9% forup60to $4,800 months Bobcat compact track loaders* OR rebates up to $4,800 on all new Bobcat compact track loaders*

LIMITED TIME OFFERS Bobcat® and the Bobcat logo are registered trademarks of Bobcat Company. Doosan and the Doosan logo are trademarks of Doosan Corp. 13-D041 C_D041_BobcatofSas_EarthworksEquip_DualBrand_AD.indd 1

PAY ONE LOW PRICE.

th $ 2,49 /mon ator As low asDX225LC-3 excavr.* on a NEW 0-3 wheel loade OR DL25

9

*Exceptions may apply. For details, terms, conditions, visit: bobcat.com/offers or doosanequipment.com/PowerLease 9/13/13 9:16 AM

5000 YEAR HOUR ENGINE/POWERTRAIN

March 21, 2014 StorageMart Storage Auction 9:00 a.m. - 901 -1st Avenue N 11:00 a.m. - 345 Portage Avenue 1:00 p.m. - 3013 - 11th Street W Saskatoon, SK March 29, 2014 Spring Leask Antique & Collectible Auction Sale Antiques Leask Lions Hall - 9:00 a.m. Leask, SK Please call by March 15th to consign your items.

www.bodnarusauctioneering.com Frederick Bodnarus (306) 975-9054 • (306) 227-9505 1-877-494-BIDS (2437) PL #318200

“Your Home Sold in 89 Days Guaranteed, or I’ll Buy It!”

855.244.0420 MichaelKinar.com

www.myfarmshow.com

June 18-20, 2014

Evraz Place, Regina, SK, Canada

Playoff intensity WAYNE SHIELS | CLARK’S CROSSING GAZETTE

CLEARANCE EVENT

Martensville Marauders defenseman Colin Wilson battles with Warman Wildcats forward Cole Nixey in front of Marauders’ goaltender Zach Reimer during the second game of the provincial Bantam A playoff semi-final series last Saturday in Warman. The Marauders won the two-game, total-points series and now take on Yorkton in the provincial championship series, which begins this weekend. Story on page 14.

CLEARANCE PRICING on all

MORE, SAVE MORE! See in-store for 013 BUY Premier Series Water Softeners! pricing details!

Choose 1 of the 3 following options: • 5% off purchase of any Kinetco product! • 10% off purchase of any 2 Kinetco products! • 15% off purchase of 3 Kinetco Premier Series products! Call for FREE water testing:

306.986.0198

www.trail-appliances.com

Call for details: 1.877.990.1999

www.trail-appliances.com

RESIDENTIAL & COMMERCIAL FURNACE SALES & SERVICE

Natural gas, propane, electric & oil furnace installation & tune-ups Garage heaters • Gas fireplaces • Boiler installation & repair

(306) 934-0688 www.martensvilleplumbing.ca


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.