Land sale today

[ado089]

Good thing I got my dates mixed up. Saved my self a trip home. I wanted to hid on that quarter just to stir the pot. Haha.

[farmaholic]

BTO, Is that why you're sitting on the sidelines complaining about the Hutterites?

[sumdumguy]

This sounds like land robbery, not land sale.

[ajl]

Freewheat there was a quarter with 111 ac cult. in your area sold at Ritchie in Saskatoon for $99000 last week. Is that over or under the going rate in that area. Seems cheap relative to other areas.

[freewheat]

Per acre it is a bit high. But those acres are CRAP. Marshy junk n the pothole zone. So not ony few acres, but the impossibility to farm it with any level of efficiency. The picture used to advertise the land, was not even close to what it really looked like. Hasn't been farmed for several years. Ready for organic??? lol.

My banker at the peak of land prices said around 1000 bucks was the high. Trending down now, for good reason. A lot of money was spent (on iron) these past few years, and now with more normal prices, land will go down, as guys struggle to pay for that steel, IMO.

I personally think that is a really STUPID price to pay for land like that. Sure the soil is good, but oy what a mess!

[freewheat]

AJL. Forgot, it would be VERY good cattle/sheep land. Inexhaustable water.

[blackpowder]

Interesting to hear what land sells for somewhere else. Tired of hearing the prices here and thinking they may have peaked? But aren't going down.
Way, way more cash in hand than land for sale here. Rents, same thing. Guys on it like angry hornets over $100 starting.
Rents may fall a bit with prolonged low prices, but land here will not. I Betcha.

[malleefarmer]

no real relevance but land has been easing in Australia for 2 years mostly down about 15% from the high but has stabelized

[freewheat]

It stands to reason if margins are squeezed, land will ease. Whether one has a bunch of paid for land or not, it still has to be paid for somehow with after tax cash flow. Equity has never mad repayments on my farm.

[farmaholic]

Alberta's oil economy is driving land prices not farming, I think....

The other thing that enables high land prices in an area is well heeled established larger acre farms who can subsidize overpriced land with paid for land. Then the possibility of lease revenue or mineral revenue or fingers in the patch on top of that.

Would be a nice position to be in.

[tstep]

http://consciouslifenews.com/guess-happened-last-time-price-oil-crashed-like/1178588/. Interesting read!!

[blackpowder]

You're also forgetting about the land that is paid for with cash.

[BTO_farmalll]

And No I Didnt Fck Up No Commas!!!!!! You'd Get Eaten Alive in These Waters!!!!!!!!!!!!