Farm land ownership survey!

[grefer]

Charlie. I purchased land for two reasons. When I was starting farming many years ago it was security. If I made my payments I got to farm the land the next year. If I rented the same couldn't be said. More recently with low interest rates I could make the payments for the same or less than the rent farmers were willing to pay. My only regret is not buying more. As others have said,buying land is often, not always, a bit of a leap of faith. There are so many things out of the farmers control.That being said, I don't see it more risky now than it was when I started. There were many in the eighties that stuck there neck out too far and ended up taking themselves down as well as there parents. If your a young guy in an area with very large and aggressive farms, is it easier to buy a piece of farm land than it is an outside investor you are competing with. I doubt it. In my area,if a piece of land sells for an unheard of price, it has always been by another farmer. On top of this, all us baby boomers aren't getting younger. Are the younger generation really able to take on all this debt and be fair to the retiring farmer. I'm sure some day even they will want the same for themselves.

[charliep]

Way off the topic of land ownership but Merle Good did an excellent youtube on renting versus owning. Will just include for information.

[URL="https://www.fcc-fac.ca/en/ag-knowledge/production/farmland-buy-or-rent-with-merle-good.html"]Rent versus own[/URL]

[fjlip]

Exactly my thoughts, grefer, charlie and wheatking.
We tried buying but the large farms get it all and set the next sale price higher. What to do? Pay the most and you get the land I guess. Been that way forever, we bought by out bidding, and got it paid off. Others across the fence lost the land but got a "deal" getting it back, oh that was fair. It's either a free market or social engineered to benefit certain parts of society, picking winners, "max socialism". If that, farm size would be legislated also. As I said the rural will be empty of population any way, it's happening already.

[seabass]

Simply comes down to getting what we rightfully shud for our commodities. I honestly believe keeping this cheap food policy so the tards of the world can eat for free kills all us farmers in the end. Farmers will pay for the land as long as there is margin in what we are doing but when things get tight like this year it makes it hard to justify 3000 dollar an acre land. A lot easier for us to compete if u get paid fairly.

[sawfly]

i do not know what say here.
1/2 this country is farmed by mid 50s to
whatever age .
with no heir apparent to take over.

all that land will either be rented or sold
in 10 -15 years.

there should be lots for everybody.

so i do not know how much sense any restrictions would make.

the hutts can double again.
and other young farmers better have lots of kids for when the old farmer labor pool dries up.

[charliep]

Average age of farmers is 54 to 56 depending on the survey source.

There are more farmers over 75 years than under 35.

Family land transfers/inheritances with make up an increasing part of the rental market. Don't know if dealing with widows/non farming children on rental arrangements is all that much fun - depends on the situation. The renters could local or someone squirreled away in a big city. Lots of uncertainty.

I realize that the begginnings of this thread is about non resident ownership of land. Also bits about non farmer/invester ownership.

[foragefarmer]

A few years ago many posters on here wanted to be able to sell their wheat when ever or to who ever they wanted with no control, (open market). But, here they are saying land in SK should be only be owned by SK farmer(controlled market). Hard to figure out.

[fjlip]

Some want it both ways, free to sell grain, but not free to sell land. Does not compute. Agree there will LOTS for sale so those of you that will stay farming just wait...

[blackpowder]

I'm either gonna put my land Ina trust when I go or put the cash in the burning barrel.

[cottonpicken]

Catch 22 in the global economy. We can buy stuff in other countries but they cant here but please buy our grain but we have had a boot on top of our heads for so many generations nobody wants to do it and our internal capital base cant compete with competing external.

Don't no any answers but do know its extremely complicated.