Some one Explain the Pike management Land shares!

[lakenheath]

http://www.producer.com/2012/03/corporate-
investors-send-australias-land-prices-
up%E2%80%A9/

Read above link, Dave.

[lakenheath]

http://www.grain.org/bulletin_board/entries/4365-
we-are-not-landowners-cargill-ceo-tells-bbc

Maybe accepting what is going on is not the path,
we as farmers, should be taking. Standing back
and letting land transfer out of the hands of
farmers.

Notice how Cargill easily got around the land
ownership laws in Australia. Remind you of what
is going on in Saskatchewan with Maxcorp,
Assiniboia, etc.

[lakenheath]

And you haven't necessarily seen proof that
foreign investment drives up the price of farmland.
Give me a break. Do you have a basic education,
Dave. A basic concept of supply and demand
comes into play here.

[dave4441]

OK, you guys are one side. What about the people that are selling? Think they share your sentiment? Do you think that $14/bu canola would not drive land to $1200/ac? Common, get with reality. I quite enjoyed paying $540/ac for land and growing a 30 bu lentil crop worth $540 dollars gross/ac. Basically paid for land in 2 years. I would love to do that over and over and over. Reality (and a good drought) in the long term may pull this back, but growers are pushing it up right now. I know that as i am one of those growers. Hard to know wether to join this thing or hold. I have convinced myself that these prices are with us for awhile and hoping for some change in ownership rules is fruitless. NOt gonna happen. Do you think Brad Wall wants to make that tweak following the potash move??? That dog don't hunt.

I dont like it any more then any of you. I just find it funny that you can flip your beleifs when you need to. Calvert we are not done with you, get back here!!!!!!!!!!!!!

[dave4441]

And considering you guys have extensive analysis on this issue, and i have no basic education, you must know the answer to this. What percentage of land purchases, in the last 12 months, were funded by foreign ownership. Money that comes from outside of Canada????

[SASKFARMER3]

In our area this winter out of 76
quarters that sold. Total price
$18,132,000.00 Average sale price
$238,578.94 per quarter.
Thats the going rate no problem.
Out of the 76,
75% were Land companies, Who knows what
investor is in their.
21% Were a farmer from Ontario. Who is
moving here and sold their.
4% a young guy who wants to farm.

[malleefarmer]

glencore, chinese and other big funds are actively buying land here.

cargills zero.

all foriegn investments have to go through a review board before they get the ok.

thus far apparently 80% have been ratified, and its basically last 3 yrs things have become active.

some of the investment houses and super funds have been getting out at a loss in some cases due to falling commodity prices. Cattle properties seem to be prefered option in australia for overseas investors at the moment.

[lakenheath]

Black River Asset Management is actively
purchasing Australian farmland along with
Glencore. Black River is controlled by Cargill.
Google it.

[Jagfarms]

With the Investor groups buying land I think it is
all based on derivitives and I think it will come
crashing down eventually.

[Jagfarms]

The price of land has trippled in our area the last
five years from under $500 acre to close to
$1500 acre.

Lots of established farmers rent land and if the
landlords decide to sell at these prices they
could not afford to buy the land.

If investor groups buy the land and want
$10,000 to $15,000 rent/quarter it would not
pay to rent it back.

Eventually who is going to farm the land?

I can not believe how much farming has
changed un the last five years.

I really feel bad for the generation coming up as
it will be impossible for them to buy any land
with out help from thier parents.

A few years back if a family had a small farm it
was possible to expand if thier children wanted
to farm.

At todays prices it does not make sense.

In a way I am almost hoping for a few years of
drought that may drop the land prices.


The last few years have been the best years we
ever had on our farm. What happens when we
do get a drought and the prices go down.

Last drought we had was 2002. could be do for
one soon.

What will happen then????