Land prices

[phoenix64]

Yes interesting point, I phoned fcc 3 yrs ago when things were falling off the rails, told them I was gonna double down if they were gonna repeat the same scenario with loan write downs like the 80's, they assured me then they were well secured.

[grassfarmer]

An interesting comment I heard recently regarding FCC and land prices was that the average price of land in Canada more or less mirrors how much FCC is prepared to lend. Bit of a chicken and egg situation and if the Government backs FCC how much are land values really "market driven"?

[jake550]

FCC should stick to acting like a bank for farmers and ag business. Not manipulating land prices. They and other banks that were aggressively lending money for over priced land are going to have some people in trouble soon with any increase in interest rates and without some recovery in grain prices

[jake550]

FCC should stick to acting like a bank for farmers and ag business. Not manipulating land prices. They and other banks that were aggressively lending money for over priced land are going to have some people in trouble soon with any increase in interest rates and without some recovery in grain prices

[BreadWinner]

FCC does not inflate the price of land, they are the only lender that would lend more to farmers to compete with these outside buyers. If it weren't for FCC farmers would be renting allot more investor land.
If you can't afford the land come up with a better plan to achieve your farming goals. Start by partnering up with the older generation and earn your way onto a piece of land.

[newguy]

Would rather have FCC as a government involvement than Saskatchewans land bank that was bidding against young farmers in the 80s. I know I had to match 33 times assesment that the government was paying. Hope when I sell the government does not try to push prices down. Lose at both ends..

[bucket]

What about when CPP bids against the young farmers?

[Hopalong]

Based on history, soft landing is more likely.
Prior to 1980 following 1930's depression, there were several soft landings or plateaus in prices.
Errol says we are in for deflation, Cotton says inflation and maybe deflation and Keynesian economists that we can continue with two per cent inflation indefinitely. Not sure I understand Cottonpicken correctly.

[JDGreen]

Latest from SW Sask.. 70 - 1/4s for $26,000,000..(gossip price but seams abought right) 160 acres @ $365,000 and 156 acres @ $400,000... All inside the palliser triangle. Very interesting discussion, I have little to add. Always always always had to overpay for what I have and am thankful for. One thing for sure if your not the local coffe shop talk after a land sale, then odds are you don't own any land around these parts. No hutts involved as even they are running scared.. Oh and I'm not involved either LoL

[bucket]

Just land ? No oil? Wow , maybe they will come up here.

[cottonpicken]

A government can reach its inflation goals no problem a government can also do the right thing and let the market work but at this time and place the deflation can not be allowed or else it all comes down,look at the naked swaps they have no choice.

[Oliver88]

In the Palliser Triangle area I'd assume there would be oil wells on many of the 70 quarters.

[farmaholic]

Jd, Isn't there an area down there that kind of breaks all preconcieved notions of the arid SE Sask. climate? Also three other words, durum, lentils and chickpeas.....and quality ones.

[ALLFARMER]

I have a relative who's about 25yr old but needs a $100,000 pickup to haul his ass around. Think Dodge diesel mega quad cab, lift kit, fancy rims. He is partners in an oilfield rental equipment company. His hot wifey drives an escalade but sadly has no boobs.

[farmaholic]

Too late? I meant SW Sask.