Update on Spring Land Sales!

[SASKFARMER3]

Well seems the Sept FLSB land sales show
no sign of the super land sales in our
area. The late March sale to Broad ass
appears at the 300,000 to 350,000 but
equipment was added to price.
Also farmers Beware of a company that is
purchasing property with nice commercials promising the world.
All purchases north of us show they pay
the farmer 70,000 using a Real-estate
agent. The real-estate asks for a down
payment they pay a small amount enough
to cover the agents fee plus a little to
the farmer. All money doesn't change
hands till fall farmer can farm one last
year. Well fall comes and title shows
Farmer sells to land company who then
flip it to a Chinese name. This
transaction has no real-estate but the
new owner pays 130,000. So the land
company and real-estate win farmer who
sold looses. Ever single sale to these
guys works the same. Then they want
farmers to rent it back (full 320 acre
quarters) yea with the floods that
works.
Here is the new problem, See farmers are
starting to say rent is out of hand in
this area and not even caring if these
properties get farmed. Some are sitting
abandoned.
Also seems they cant flip for almost
twice the money so are coming back and
wanting equipment etc to close the deal.
Second sale by Calgary company we cant
raise the money. Yea you heard it right.
Seems Big dogs who loose millions Banks
wont lend to. You think. Guy was told 3
years maybe now.
Third huge sale still no sign of
purchaser.
So again these guys couldn't give locals
a chance all or nothing attitude are not
getting paid. Hm you really think the neighbors want to buy it now.
Shady real-estate transactions happen
all the time but maybe farmers should
just beware. If it sounds to good to be
true it probably is. No property goes
from 55,000 to 350,000. In one year
unless oil is hit or potash,

[sumdumguy]

What ever happened to cash on the barrelhead?

The productive proof will be in the renting. The
ridiculous rents being paid will likely taper off. No
use farming to lose money.

[SASKFARMER3]

Money up front was from neighbor. The one sale
we had three days to agree and come up with
260,000 down. It was spring so we declined, land
in that case was marginal.
Most long time farmers know that over aging
always gets you. I don't care how deep your
pockets are it doesn't work. Also telling these
guys to take a hike on renting, is starting to work.
Why would I pay 75 a cult acre for land that I
could have bought. Farm it your self land
companies and see how long you last. The
answer 5 years and their one. Look at the one by
Regina. Going to show us all, they knew better,
we'll from a office on paper They can make any
farm look good.but actually making it work down
on the ranch isn't a computer game.

[sumdumguy]

Thats correct SF3. Only farm what you can hands
- on manage. Like other businesses, you can
make it look good on paper, but can you make it
purr.

[hobbyfrmr]

Interesting. Very little of the hype on farm land
price inflation has been created by actual farmers!
Couple of questions. 1. What is FLSB? And
aren't quarters 160 acres?

[SASKFARMER3]

FLSB farm land security board, it's a
Saskatchewan agencies where you can get all
land sales from, lists buyer price and seller. 160
acres are each quarter but with all the floods from
the last 4 to five years you are down to 100 to 130
quarters on some land, then you have trees
growing back etc. why pay 50 rent for sloughs and
bush. 160 x 50 = 8000 divided by 106 actual
acres is 75 an acre, sorry boys you can keep it I'm
not a serf.

[SASKFARMER3]

One clarification open quarters yes maybe 50 is
the rent but north sloughs and bush, sorry. Others
are telling them the same. Pencil pushers always
think they got it figured out.

[wd9]

So SF3, are you saying other companies
with creative ways to make money shouldn't
be allowed to do what they are doing?

[SASKFARMER3]

No but why should neighbors get f$&ked on their
last farming day! I stick up for farmers as you
could see by my posts. Farmers not BS fly by
night land companies or BS real estate firms. We
have a young German family buy to the south and
are farming and sending their kids to school and
are becoming part of our communities. That's a
landed immigrant. Over paying these pigs for
stupid purchases they made is their problem not
mine or my neighbors. Farm it if you want, that's
working real well for them.

[ALLFARMER]

Ya some of these Rent it Back land companies
pockets don't run deep. AgCapita out of Calgary is
one of them. I ran a deal past them and very soon
they were offering me some of their stuff for me to
invest in. Lol

[ado089]

The most I ever offer these investors is
$30/ac, I don't farm any because of
that. The trouble is that someone is
always willing to to sell their soul to
farm another quarter. I really get a
kick out of those crusty old turds that
bitch about the community going to hell
and there being no young people, low RM
services but turn down 2.5X assessment
from the neighbor kid because some
investor mentioned 3X in passing.

[hobbyfrmr]

Ado, it happens here all the time. Then the crusty
old turds, claim to feel sorry for young farmers
because they are having such a hard time. It very
discouraging. Then again, if I want to compete, I
have to write the cheque. So far I have not
reached to the expensive land.. Oh well, a person
can set their sights on a deflated house in they
city!