Where do we go from here??

[Hopperbin]

Sask. you would have some serious tax issues, you will have to use every kid's kids's spouse's aunt and uncles capital gain exemption that haven't been used yet, if that is even legal :-).

[SASKFARMER3]

The Tax issue would be huge.
Cotton are you in Hawaii now?

[furrowtickler]

Hopper, not the same land but ya same area.
It seems one is pushing the other higher and higher.
It is like a fever, one day it's the rent pushing land values up and the next it's land values pushing the rents.
This keeps up and ya, might just pull the pin, 10 years before we planned - who knows?

[Tucker]

This is getting a little scary (for the average Canadian, not me) when long-time
successful farmers are considering pulling the pin. Really, I could sell out now and
be a multi-multi millionaire! Let's repeat that... Multi-multi-millionaire! You
really think these investment companies can convince their tenants to stay the long
hours necessary to feed Canada? Never mind the rest of the world. Well at these
prices I don't really care, I can feed myself and my family well past my life
expectancy with no more dusty bins or grain auger motors that won't ****ing start at
30 below. How many multi-millionaires do you know who know how to disassemble a carb?

I guess I should sell out, take my millions, then sit back and watch the wreckage.
Give it ten years and buy back in the bottom again.

Furrow, when guys like you are thinking of taking the money and running, the country
had better sit up right quick and take notice!

[Hopperbin]

Tucker near me many old yard sites were considered a write off 10 years ago. Today they are all purchased. Also in my area the odd quarter because of soil was almost un rentable. Today it is worth 1000 per acre. When I was buying land a few years back I looked at how much work was put into making the land grain farmable. Like rock picking and drainage and bush removal. Some of my estimates were over the cost of purchasing the land so my choice to fix and use 20 year plus combines was justified. This land price increase is long over due and its not over in my opinion.

[bucket]

Yeah Tucker, you are right. There are few real farmers left.

In a couple of generations ask yourself how many farmers will there be.

When there use to be six farmboys or girls, there are now two and if the likes of furrow leave, the industry loses another generation.

One earth thinks they can train farmers. They just don't realize that real farmers don't fill out timesheets.

[Hopperbin]

Ok the value of the land has increased but shake your heads. Also there has been a lot of work done to the land.

[furrowtickler]

Most of this land has had zero improvements in 20 years at least. Remember most of the dirt in question has been rented out for years, and believe me the majority of landlords will never spend a dime on land improvements - fact. I know of only one in this area, and he had the tenants do the improvements in lue of rent. Good move for each.
Regardless, land values were overdue for an upward correction,i agree, just not tripple in 5 years.
Again, i do not think land values will crash but they can not sustain this huge increase forever.
No doubt Sask was behind Alberta, but the urban sprawl around Calgary and Edmonton and along the #2 coridoor artificialy balooned all prices in Alberta on paper. What are the numbers for dryland, non urban , non oil patch induced prices for land?
I hope some of you are right, and land values continue to soar and crop prices keep going up, it will be good for all of us mid way through our farming lives now. But I am a realist and know it may not be sustainable.
Productive value has been lost with these recent numbers on purchase and rents. Again I hope I am wrong.

[katoe]

wtf. cwb done we are all gonna be rich arent we.or has someone been gerkin my chain.

[freewheat]

If someone came to my house tomorrow and offered me 250 000 a quarter, I would walk without a doubt. That is crazy money. CRAZY! Wonder how that pencils with 9 dollar canola???? Or 46 pound feed wheat. Sprouted barley? Mushy peas? Or a 100 dollar an acres too wet payment?

YOWZA!!!