CPP

[tstep]

Anybody read the article in the western producer from the CPP? How they buying land for their investors and how it's all good? What a bunch of bull shit!! There is no way they should be buying land and competing with young farmers that want to get started or expand there operations.

[SASKFARMER3]

This is the land bank all over just sugar coated. Now there are other groups looking to buy property in the wet areas only to sell it again for a big profit to CPP. Ah fun and games.
So again let me see how this works.
Group A buys MR farmer out. Grinds him hard takes a commission and Farmer A pays his taxes to the Feds and leaves the industry.
Now Group B the new owner tries to find a renter who thinks he can make a go paying high rent. Some can if crops come every year and no weather issues.
Group B makes trip to Ottawa after farmer A check cashes at tax department. Transfers some to CPP now They come west and purchase crop Company B land for ridiculous profit.
Renter A disappears but another comes along.
So now the Feds own the land again.
Hm
Yea its clear as mud.

[TOM4CWB]

Why is this a problem? The amount of land CPP is buying is minuscule in the whole scheme of the economy! It is simply prudent investment... designed to take pension money and return those funds to those who retire in 20-40 years.

How else can we properly look after folks who age... and live longer... than to properly invest funds contributed... to have equity and support folks down the road... the only other alternative is to raise taxes... and set money aside that gets 0 percent interest! Now that would chill the economy much more!!!

We on our farm have rented farm land all our lives! And truly have been blessed by those who we work with... just like leasing equipment! We get the job done... and put food on the table!

Building empires is for Kings and Tyrants, I must be sure I am working for a King... and then will be treated fairly... which is all we can expect from our travels through this life!!!

[SASKFARMER3]

Sorry tom it is a lot of land that no young farmer will every own. One company made out great and land is gone.
Not a great investment.

[TOM4CWB]

SF3

There is no better investment here on earth... in the long term... than good agricultural land. And you know this... which is why you do not sell!!!

Cheers!

[cottonpicken]

Can't remember if its cpp or Ontario teachers or both but they haven't made the returns they need so the government is topping them up with tax payers dollars which is a crime in itself so the funny part is your tax dollars are being used against you.

[bucket]

We don't want to subsidize farmers but it's ok to use taxpayer money to invest in ooverpriced farmland.

Huh?

[newguy]

I see the young farmers doing just fine being able to rent a bunch of acres and reinvesting profits in buying land.do not know why I should be restricted in who can buy my land cause the next generation will sell to the highest bidder I bet.some of the land I bought I had to match what land bank was paying.bought it and focused on making it work.

[sumdumguy]

Tom, there are oodles of better investments. Land needs to be maintained and countless dollars must be poured on it annually, and it may or my not retain its purchase value.

Besides, public money, buying (some type of land) at all-time high prices, squeezing out young producers. I suspect that you and I will live to see the result of this "ultimate" investment and we can revive this debate in ten years.

[vvalk]

So we all don't run business's in a competitive market. You should have to,sell your land at lower prices so young people can farm? What's wrong with you guys?

[bucket]

Squeezing young people on land purchases is just bad business.

You will realize it later when there is no one to buy your farm. Including your kids. And CPP will be selling at the same time because no is there to farm or make a living off the farm.

Watched it happen at least once already.

Communities go backwards.

[vvalk]

So farming is different then everything else. No multi nationals or just palain big companies are aloud to buy any business because we need to give young people a chance. Give me a break bucket.

[vvalk]

There will always be someone willing to buy unless you get your way and put a bunch of restrictions on. Sounds like really you don't want any competition. So big companies aloud. No foreign people aloud. Should we add only people within say 50 miles of any land are aloud to buy. Who makes up the rules?

[bucket]

That's ok we all can help bail out broadacre, one earth, wild horse, etc.


Interesting no one wants to go back to the backers of these enterprises like Paul Martin former pm of canada. Or john crow former governor of the bank of canada. To bail them out. Nope go broke and send the bill to the rest of us. And make it harder to get the appropriate financing for young guys starting out.

[BreadWinner]

New combine $500,000
New tractor $500,000
New Diesel 3/4ton $75,000
New House $500,000
New semi $175,000
Quarter of land $250,000
can you spell INFLATION???
I sure can.
It isn't the land prices that are lagging it is the price of farm commodities that are in the tank compared to everything else.
The way I see it grain prices have to go up as well,there is just too big of supply holding them down and that will most likely change soon. Chances of another world record crop year after year is not possible.
Investors are just getting in on the action ahead of time.
I'll spell it out DONT SELL YOUR LAND!!!