Melville Land Sale

[newguy]

The most sensible explanation on land values was the comparison of rental rates vs. Land payments.if you can buy and your payments are less than 2 times what your rent would be. Buy
.if it is 4 times then rent. The area between 2 and 3 times the decision would vary depending on situations. When I bought in test rates 12%.got less than 3 bucks for durum only seeded half the land and maybe not able to sell all the grain and wait over a year for final payments.in fact the banker said it did not pencil out if it was free one year.

[Klause]

Around dauphin you go 3 miles and go from thr deepest richest black gumbo in Canada to shit sand and rock.


The land that sold is shitty... 30 bu wheat 25 to 30 canola and 55 barley.... on top of that most of it is low and continually flooded out in these wet years. The north quarter he sold was half a mile from our farm out there

[blackpowder]

15 miles west of me hoots just paid 600k per quarter.

[farmaholic]

BP, is it a dairy or poultry or irrigation Colony? Or what to justify that price. I'm not doubting you, just trying to figure out why.

[farmaholic]

I'm having trouble wrapping my head around 250K around here(nothing special about the dirt here or that I farm, but I have seen worse too...)

[blackpowder]

Dryland grain.

[samhill]

Was BTO bidding on it?