Highlights include real estate, a purebred livestock dispersal and farm equipment
CACHE CREEK, BC, May 18 /CNW/ - Ritchie Bros. Auctioneers (NYSE and TSX:
RBA), the world's largest industrial auctioneer, is conducting an
unreserved agricultural auction for KFC Farms Ltd., a purebred cattle
operation located in Cache Creek. The complete dispersal auction will
be held on the KFC Farm on Saturday, May 28 starting at 10:00 a.m. (live internet broadcast starting at 12 p.m.).
The auction will include real estate in Cache Creek and Burns
Lake—located just West of Prince George—purebred Angus livestock and farm equipment. Every item will be sold to the highest bidder on auction
day—regardless of price—with no minimum bids or reserve prices. Bidders
can bid in person at the site on auction day, online in real time at www.rbauction.com, or by proxy.
KFC Farms was founded by Ken Friesen and his wife Judy Friesen in the
early 1980s. Mr. Friesen developed a passion for farming and the cattle
industry in his youth as a member of 4-H and the Junior Hereford
Association. He eventually turned his passion into a lifelong hobby and
viable business; KFC Farms Ltd. is now a two-tiered operation comprised
of a purebred herd of 200+ registered Angus females and a commercial
herd of 500+ cows.
"I love this business and have been involved in it for many years,
however, managing a large-scale cattle breeding operation takes a lot
of time and work. As a result, I've decided to disperse of the purebred
cattle of my business to focus on expanding my commercial herd," said
Mr. Friesen. "Ritchie Bros.' past successes with the Chai Na Ta and
Northern Black Angus unreserved auctions in Kamloops a few years ago,
combined with their marketing penetration to find and reach the right
buyers, made them the logical choice to disperse of my farm assets in
Farm equipment - smaller items to be sold at 10 a.m.; larger items to be
sold after real estate
More than 120+ items of farm equipment and assets will be sold in the auction. Items include John Deere equipment, including a 2004 John Deere 6415 MFWD tractor and a hydraulic
excavator. The auction will also include 2WD tractors, balers, mowers,
livestock feeders, irrigation equipment, grain handling equipment, hay
cutting and haying equipment, landscape equipment, spreaders, trailers,
flatbeds and pickup trucks.
Real estate - to be sold at approximately 12 p.m.
CACHE CREEK - Real estate being sold in the auction includes 337±-title
acres in Cache Creek. The property includes one home quarter and two
parcels of land with a 750 head feed lot capacity. All three parcels of
land will be sold together as one lot to the highest bidder on auction
day. In addition to cattle ranching, the property is well suited for
dairy farming due to its close proximity to the Fraser Valley and
moderate climate for rearing young stock and growing additional forage.
Find out more: http://www.rbauction.com/web/rba/auctions/real-estate/cache-creek-bc-2011517
BURNS LAKE - The other property being sold includes 1,641.7±-title acres
on a cattle ranch near Burns Lake on the Yellowhead Highway—an area
renowned for sport fishing, year round recreation, abundant wildlife
and stunning scenery. The property, comprised of 12 parcels of land,
includes a supply of processed aggregate along with additional gravel
reserves for future expansion. All 12 parcels will be sold together as
one lot to the highest bidder on auction day. The property can be used
for recreational purposes, as grasslands for beef cattle production, or
for cattle farming.
Find out more: http://www.rbauction.com/web/rba/auctions/real-estate/burns-lake-bc-2011517
Angus livestock - to be sold in the afternoon after larger farm
Approximately 80 percent of the herd at KFC Farms is comprised of Black
Angus, with Red Angus making up the remaining 20 percent. The herd is
also managed very similarly to a commercial herd in that cows are
expected to calve unassisted and raise young on their own with the help
of creep feed or other supplementation. Calving ease, efficient forage
conversion, moderate structurally correct stature, impressive
performance data and top quality carcass composition are the traits
defining the farm's breeding program. Livestock being sold in the May
28th auction includes:
200+ registered Angus cows and calf pairs
41 registered Angus replacement heifers
45 registered Angus yearling bulls
5 registered Angus mature sires.
For a complete cattle catalogue go to: http://www.kfcfarms.com/pdf/2011/dispersal%20catalog.pdf
Location: KFC Farm, Cache Creek, BC V0K 1H0
Time & Date: Saturday, May 28, 2011 starting at 10:00 a.m
Auction site tel: +1.800.491.4494
Directions to the auction site:
From Kamloops travel down Hwy 1 West to Cache Creek. At the lights in
Cache Creek merge North (right) on 97N. Follow 7km on the West side
(left) of the road.
From Williams Lake travel South on 97 to Cache Creek. Go 3km south on
Hwy 99 W on the right.
Open to the public, registration to bid is free
How to register and bid:
In person at the auction site
Online at rbauction.com - register in advance and bid online in real time on auction day
starting at noon; a refundable bid deposit may be required; first-time
bidders should register several days in advance of the auction
By proxy - phone the auction site to place a proxy bid
Interested buyers can inspect, test and compare items for themselves
Monday to Friday during 8:00 a.m. to 5:00 p.m. before the auction and
on auction day.
About Ritchie Bros.
Established in 1958, Ritchie Bros. Auctioneers (NYSE and TSX: RBA) is
the world's largest industrial auctioneer, selling more equipment to
on-site and online bidders than any other company in the world. Ritchie
Bros. offers services that enable the world's builders to easily and
confidently exchange equipment. The Company conducts hundreds of
unreserved public auctions each year, selling a broad range of used and
unused equipment, trucks and other assets utilized in the construction,
transportation, agricultural, material handling, mining, forestry,
petroleum and marine industries. Ritchie Bros. has over 110 locations
in more than 25 countries, including 43 auction sites worldwide. The
Company maintains a web site at www.rbauction.com and sponsors an equipment wiki at www.RitchieWiki.com
ATTENTION MEDIA: Photos and other media resources are available for use at http://www.rbauction.com/media.
Members of the public and the media can follow Ritchie Bros. on Twitter @RitchieBros.
SOURCE Ritchie Bros. Auctioneers
For further information:
Jose Vargas, Corporate Communications Specialist, Ritchie Bros. Auctioneers
Phone: +1.778.331.5439 or email email@example.com
Tyler Ruttan, Area Manager, Ritchie Bros. Auctioneers
Phone: +1.780.357.3620 or email firstname.lastname@example.org