This land histeria...

[Klause]

You've got investors buying up all of
Saskatchewan apparently.

Rent is too high because farmers are
driving it up...

There's no land for young people because
investors are snatching it up... Yet, 5
years ago, there were no young farmers
to buy up the land available.


Seriously? Everybody calm down. LOL.


Buy some, rent some from these guys at
decent rents, and yes, it's available
because we have some ourselves.

Investing in farmland is a fad... it
comes, and will go. And then those of us
who want to, can pick up as much as we
want for pennies on the dollar.


So everybody relax, and enjoy the ride.

[hobbyfrmr]

Thank you Klause. Well said.

[Hopperbin]

I believe you signed a 10 year rental contract through the real estate agent and lawyer written up. Do you think that is short term? Seems a little long term to me.

[Klause]

Hopperbin:

Darcy and I are both in our 20s... We'll be in our younger 30s when that lease expires.... With a
career of farming until our early 60s or so, I call it short term.

A good friend of mine once told me, you don't need to own land to farm, and you don't need to farm
to own land; Farming with land you own is easier though.


I wouldn't have been able to take on that much here in Humboldt if the rented acres hadn't of come
along. I have no problem renting from retiring farmers, or from investors. It's just got to make
business sense.

Another thing to keep in mind, some of these investors have other goals - I.E. parking funds vs.
return on investment, vs. making a quick buck.


Gotta remember if this "fad" disappears, they have the option to sell at any time to the person
renting it... at fair market value.

[hedgehog]

i thought that saskatchewan had laws prohibiting outsiders buying up land to speculate on .
what happened?

[Hopperbin]

You will do well, at least your not paying stupid rent. And the land prices were due for the correction up any way. For an investor locking in a 10 year rental agreement I would think is long term or stupid as if he did want to flip it next year or two the 10 year rental agreement will be a tuff sell as your rent may be under the going rate in two years time. Who will want to pay more when there is only 3 percent per year gain locked in for another 8 years at the price he paid.

[ALLFARMER]

In my view the only thing that will cause a big
drop in farm land value is a further (greater) melt
down of the US economy.

The US people may be living like the Chinese
and the Chinese living like the Americans were!

[cottonpicken]

Could make a few arguments against that line of
logic.

Bubbles come and go,there is no rational that we are
there yet.

[ALLFARMER]

How cotton do you see the US fixing it's
finances? Do you really think they will figure out
how to deal with their debt and deficit?

[cottonpicken]

Thats the whole point i've been trying to make..for 9
years...here..

Currency debasement and cost push inflation....9
years!!!!!

[forage]

Good luck Randy , hope you do well..

[lesm]

Klause: A wise old investor told me not
so long ago that if you can't see your
investment on google earth, it's not
worth having. With all the corruption on
Wall Street and the US banking system, a
lot of the big money is heading towards
real estate, most notably farm land.
Don't wait too long before you jump in.
This winter an 80 acre parcel of top
quality farm land in Iowa sold for over
$20,000/acre with no commercial value!

[kato]

Lookin' good! Should be a really good sale there Mr. K.

[furrowtickler]

Except for it was the only place the dairy farm next door could spread manure. They almost had to buy it. Always two sides to a story.

[InAHurry]

Have a good sale Randy. Hopefully our internet connection is co-operative that day.