Land prices

[freewheat]

farmaholic. You need to remember, the price doesn't matter a bit. The cost is being spread over owned acres too, so the price makes sense that way. Same for rents that do not on their own pencil out in a million years. High rent is worth it if the other land "lowers the cost".

Land shouldn't be allowed to pencil out, because in Illinois, it hasn't for years, so why should there be a place where it does? People need to also remember that there is a reason Sask land has historically been cheaper.

At least, that is what some claim, that land does not have to pay its way to make sense. They aren't making it anymore, and land values ALWAYS go up, right?

[sk_wheatking]

Phoenix64-----LOL!

[Hamloc]

Farmoholic nearest city 35 miles away just farm land no oil revenue. Average canola yield 45 to 50. Hard red prob avg 65 barley 75 to 80. Alberta is the land of milk and honey if your selling out not starting out. And no it does not pencil.

[fjlip]

Hamloc, "Our future rural communities and services will suffer.", it's already too late in E Sk, not enough people for schools, rinks or churches. Rural towns without industry/oil are done. Hard to see it build and crumble in one lifetime. Doubt it pencils anywhere growing crops/raising cattle, sorry.

[farmaholic]

Wow, that's insane.

Besides, everyone else, I didn't think this thread is full of a bunch of bitching and moaning about land prices being too high but a lot of good observations and discussion.

Thanks for starting it Jake..

[farmaholic]

like Hamloc said, only too high if you're buying or too low if you're selling. Like anything else.

[canolacrazy]

land is a commodity to be bought or sold like anything else. the value is in the eye of the purchaser. a free market. more demand is always better for any market. we've been in an up market for a while now. one thing we can be sure of. it will go down again. just like oil. who saw that coming to the extent it did. now companies are forced to adjust. farmers will do the same.

[farmaholic]

If there is one beef I have with the current situation is when things get tough it is my opinion that land prices or rent to a retired farmer are the last place to make the first adjustment. Remember this, was the "Industry" built around growing crops or was growing crops built around an existing Industry? $12.00/lb canola seed and 50-60 cent nitrogen and $400K machines are all worthless without the land needed to make them useful. We can all grow crops(poor and inconvenient as it will be)without the inputs and machinery, it can be and was done. Land is and always should be the first priority.

p.s. is there a posting quota per thread?

[grassfarmer]

A bare quarter of farmland in the Rimbey area sold late in the fall, supposedly for over $700,000.
Well west of Highway 2 so not even in real grain country in my opinion. Buyer was a local colony and rumour has it the offer was in within 2 hours of the "for sale" sign going up.

[BTO_farmalll]

hutts Want it All, and Gunna Get it Too!!!!!!!!!!!!!

[tipsy]

As my dad always said and as I soon learned... Buying land does not have to make financial or common sense. If you want the land you have step-up and buy, regardless if you can afford or not!!

[bgmb]

Guys, Bottom Line is basic economics are going to dictate land prices. Low interest rates coupled with good margins the last number of years have driven land up. However we don't want to sell to foreign individuals companies or governments that dont give us the same privilege. CHINA!!! Can joe farmer from Canada buy farm land in china? can a canadian corp buy farm land in china?

[bgmb]

The trouble with Hutterite land is that it never comes on the market again. I don't think we should place ownership restrictions on huts though. We do however need to crack down on the huts business structure though. I think how it works is they have a tax return for every member on the colony and then they "donate" all their earnings back to the church. I don't think it is a fair playing field in that respect.

[BTO_farmalll]

Yer Dad Was a Smart Man,

Land Has Never and Will Never Pencil On Its Own, No Matter What Time Thru History, If'n it Did, Everyone Would Be Buying!!!!!!!!

And I Also Get a Kick Outta Everyone Tinkin Deys Land is Actually Increasing in Value, Ha, The Only Thing Increasing Is The Devaluation of The Almighty Dollar!!!!!! The Debt Was Never Meant TO Be Paid Back!!!!!!! The Money To Pay The Interest is Not in Existence, It Never WAS!!!!!! Hence The Endless Amount of Debt, That Just Keeps Building, And Building, And Building!!!!!! When She Finally All Comes To a Head, May Not Be Tomorrow, er The Next Day, er a Year From Now, But It WILL One Day, And When It Does, That Dirt Yous Standing On Aint Gunna Matter!!!!!!!!!!

[sumdumguy]

BTO, I wonder what you mean by debt coming to a head. I may be dumb yeh, but this coming to a head has been predicted for generations.