Melville Land Sale

[Oilking]

No Fjlip, it's not great land. They paid way too much for it.Unless of course a guy likes picking rock and smashing his equipment. 100 acres on the 2 quarters has a layer of never-ending rock underneath. Rockiest land anywhere.

[SpicedRum]

New there was a reason decent land around here 1500-2000 an acre.

[tipsy]

I and a couple of buddies went to the sale. We were kind of surpised no one bought more than one quarter and they all sold separately.
The land may have some rocks but it can't be to bad cause a couple locals we talk too claim there is at least one hut colony moving to the area if not two...

[blackpowder]

Freewheat. Whatever the reason for the dome in your area, dont assume the rest of the world is insane. Good luck to you and recognize your advantage.

[freewheat]

Insane is a strong word. I have asked at least three times though, for help with my pencil on this site.

I need to see the paperwork and calculations that show the sense in 2000 plus dollar an acre land, and repayability based on productivity, not on pre-owned "subsidizing" land.
So far not one single person has stepped up with cash flows that make it make sense. When something does not make sense, I call it insane. lol

I do think buying something that will not produce a net return high enough to cover thee cost of the object in question is close to insane though!

I know I am in a dome, and I am appreciative of it. I am happy the guys here, even the old money guys, think enough like me, and refuse to overbid on land.

[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...)