Land costs and prices

[Hopalong]

US$3.60 corn should put a lid on land price increases for the next year.
Beyond that, two or three years of lower grain prices are likely required to lower land prices.
Optimists like Charlie see rising world demand for feed grains.
Cynics like SF3 say markets are broken but offer nothing much in the way of solutions.
Present weather and a late crop indicate lots of feed wheat this year in western Canada.
Growers may want to consider grain storage costs as an alternative to increasing production with more high cost land.
Think markets and individual farmer decisions are a better solution than calls for collective action.

[SASKFARMER3]

Hey if the Ontario teachers pension fund wants 40 more to add to Garry's 70 I'm in. Ill gladly rent back for three years from them then exit.
The markets are broken because we have manipulation happening all over the place. Corn was out in USA a few years ago we should have made out like bandits. But do to creative math every thing worked out fine.
Its a shit show and I still believe the best answer is take the pay day and leave the industry as it is broke.

[fjlip]

Smart money left a year ago...

[farmaholic]

So sad.....

[SASKFARMER3]

FJLIP still deals happening Ontario pension just did one local. 70 Quarters.

[Oliver88]

SF3- what is the Ontario Pension Plans return on investment when they rent it back to your neighbour farmers?

[SASKFARMER3]

Here's the skinny the original owner is renting it for three years back. The shit will hit the fan in year 4

[SASKFARMER3]

Thing is if your the guy selling and you got 20 to 25 million for the farm does it matter if your paying 80.00 or 8% return. It gives your men time to find something or retire and also you as a farmer a exit plan.

[farmaholic]

Saskfarmer3. If your telling us you're willing to pay $80/ac or give the new owner the equivalent of an 8% return, does that mean you only expect $1000.00/ac for you land. What is land trading for there?

[SASKFARMER3]

$357000 highest the teachers are getting 4 back for three years.
Point is if you get the 25000000 who cares for three years. Wind the company down. Ok the 8 was wrong.

[Hopperbin]

The pension plan would have done good in the past. Would immagine that things will start to shake out eventually.