A Saskatchewan rancher has been sentenced to a two-year conditional sentence to be served in the community.

Iain Stables, from the Donavon area, pleaded guilty to stealing $1.2 million in farm equipment in August.

A provincial court judge handed down the sentence Friday morning. Stables must wear an electronic monitoring bracelet for the first year of his sentence and follow a nightly curfew.

"I think it strikes the right balance of denunciation, deterrence, while also accommodating what are clear mental health issues in this case,” said Brad Mitchell of the defence council, who made a joint-sentencing submission with the Crown. “I think it's the right result, and it wasn't achieved easily."

The court ordered Stables to pay back his victims in monthly instalments over five years, totalling $111,000.

His property will be subject to random searches. Stables is not to go near farm equipment, or travel more than 75 kilometres from his house without permission.

Stables is to continue receiving treatment for mental health issues as instructed by his supervisor.

In addition to his sentence, Stables is to undergo three years of probation.