Real estate People do we need them!

[SASKFARMER3]

Here is the skinny. The four guys are neighbors
who the farmer quickly phoned before he signed
up with the real estate. We all know each other so
met over coffee. No collusion. All agreed. The real
estate is way over over valued, but everyone had
a price close to the same. After dust settled he will
get what we all bid with all fees deducted. So the
moral of the story is why do we need the real
estate?
One other note 3 years ago land was trading 50 to
75000 now 170 to 300.

[bucket]

Jesus, sell man sell. Come over here and you can buy land for under 80000. Never mind its only 30 bpa canola and 40 bpa wheat crops.

[hobbyfrmr]

One off has a point. In my area there is roughly
only 6 big farmers and 3 colonies in 2
municipalities. They could easily decide to have a
meeting and set rental agreements and purchase
prices. Truth of the matter is that there are very
few small to medium farmers left to pick up any
property that gets unencumbered.
When these BTO' retire multimillionaires, there
will be quite a void. 20,000 acres at a time. It's not
because the mid size guys don't want to, they just
won't be around anymore. Economies of scale.

[Hopperbin]

OK that seller is an asshole. Not much can do about that. Did he pay for his planting seed or is he going to stiff you?

[SASKFARMER3]

No I was holding off till he needed it.
All or nothing!
But the best part today the guy who sold
out with 8 quarters is phoning all us
neighbors trying to get us to sell to the
Chinese guy!
Lets just say that was a very interesting
conversation!!!!!!!!!!!!!

[Hopperbin]

Wow. I would have asked for the Chinese guys name and told the seller I don't need to pay real estate fees. Just for kicks. Then tell him you sold for 30 percent more money without real estate fees and your farming your own land back now for less rent than he is paying. Really like **** the guy up LOL.

[SASKFARMER3]

Report on the Chinese guy is he is a
English prof (yes very educated not a
migrant farm worker Me Bad) his wife is
a doctor. They did not come from Hong
Kong But Beijing. They want to plant
different crops and ship back to china.
They want FCC to finance their shipping
operations for this venture. Hm FCC is
getting tough on Canadian Farmers trying
to buy land changing rules for whats
needed for security yet it is looking to
finance these new super farmers to ship
food out of canada back home! Oh wait we
cant do nothing about it cause they are
becoming Canadian Citizens so it would
be discriminatory. Yea like their is any
law in China like that. In China the Gov
has a problem with you, your whole
family just disappears.
Its a plan to get food back to china and
not have to pay for it from Canadian
FArmers.

[Hopperbin]

Hmmmmmm did I tell you one time that the Chinese peasant has 5 times your education??? And don't kid yourself they don't need FCC, they just know every gov't program there is. They know our country better than we do. Your still underestimating.

[Hopperbin]

What do they plan to grow?

[SASKFARMER3]

I agree they know our country better
than we do. They know every single
program better than most. Box them in no
room for expansion. THats the cure.
Seems it is happening. Farmers in area
are not happy. Im pst but most are alot
more than me. The final straw was when
the guy that sold started phoning guys
to see if this new guy could purchase
their farms. Here is a history lesson
for our area the last farm to be sold
before these sales on the open market
was 1992. Every other sale was from
neighbor to neighbor and relative to
relative. The new guy might have some
issues expanding time will tell. But I
did underestimate them.

[SASKFARMER3]

It seems spices to start with. AH this is
canada. Oh well good luck.

[SASKFARMER3]

We wont know for sure till next spring. He
paid the owner 240,000 cash minus the
Realestate fee. Rest comes in November!
Ownership after that.

[furrowtickler]

Interesting little world we live in today eh? Everybody wants to be a farmer....lol

[bucket]

5 years ago no one wanted to farm, now everyone in their dog is phoning landlords, badmouthing the renters trying to get land.

And as they sat back 5 years ago not willing to stick their necks or pocketbooks out, now they complain there is no land available.

You gotta think long term. You need big kahunas to take it on in bad times to reap the rewards in the good.

[SASKFARMER3]

I wish I had pressed some people more and
got to the 50 quarter mark that was my
goal from day one. Now the last 10 will
cost dearly or wait out the storm. Ill
wait it out!