so called expert

[phoenix64]

hey guys check this story by Richard Kamchen - country guide.
he interviews so called expert tom eisenhauer,bonnefield financial,(you'll notice no capitals - no respect for these pigs) talked to this idiot prior to xmas to see what his angle was, of course he would love to buy your land, and guess what give u the opportunity to rent it back, what a nice guy! and with all that money u got for your land, well he says just go spend it on a bunch of nice new equipment. So acting like i am interested, I ask what rent is going to be etc, then what happens if commodity prices go down, poor crops, land prices and local rents down and time to renew the lease and negotiate down, he pauses and says the lease can never go down, I was floored, also I learn u as the renter and guy that sold the land do not have "right of first refusal" on the lease contract. Basically what they want, is the ability to sell their land to another group of investors in one package. I got pissed at him and had to hang up, it was what i suspected these guys are all snakes. Hoping that no one out there gets duped by these idiots and believe that their true intentions should be known to everyone.

[grrrr]

It is sad really. The way it is going, once land is owned by a non farmer, it will never be owned by a farmer again,EVER!

[ajl]

This is why we desperately need an interest rate increase to send this
guy and others like him packing. News on financial post about
helicopter Ben actually considering backing off on money printing. Not
that this will happen but nice to dream. I think that in five years
though we will see large areas of abandoned land due to if the renters
don't pay $X then nobody will farm investor land. Nothing will empty
rural SK like investor owned land.

[blackpowder]

companies like his are a product of the
times. Stats indicate farmers still
majority of buyers.
What we will all be reminded of one day
for certain is that Mother Nature always
holds trump!

[WiltonRanch]

Is it me or are most of these expert investors paying
too much for not the best dirt. Anything good tends
to stay in farmers hands. When the correction
comes where will they slither next.

[ColevilleH2S]

I see my neighbour is selling some land that is, lets say, "land best sold in the winter time". I predict it will be bought by an investor, or someone from far away. I would pay to see the out of area guy's face who rents it this spring, when he sees what he got after the snow melts. baaaaah!

[ajl]

Coleville is that the land that Edge is
advertising on tender?

[WiltonRanch]

I picture it either downtown Calgary Vancouver or
Toronto. A bunch of potential investors, fund
managers etc. crammed into a meeting room at a
hotel. This guy comes up to the stage and says I
have an opportunity for you that will do 5percent
easy maybe more. People are looking for every
sliver of opportunity to appreciate their capitol. They
have no more idea about farmland than I do about
nanotechnology. They will get sucked into this
whole scheme and when poop hits the fan they will
be the low man on the ponzi pyramid. I heard a
sandpit half section here in nw sask went for over
250 a quarter. It sold to an investor in Calgary.

[phoenix64]

Ha ha perfect! Same thing here some chinaman
bought couple sections of dirt that is so salty it
can't grow foxtail or kochia think right round 135 a
quarter

[ColevilleH2S]

Ajl I don't remember who's ad it was,
but the land locations and RM didn't
match up. Weird.

[WiltonRanch]

The more hear of all this crap land
going for big bucks and all the analysts
saying its not going to drop, I begin to
wonder if a correction is around the
corner. Maybe I am wrong but I followed
the stock market from late 1999 to 2001
for something to do. It was quite
something to see the stock pushers get a
hard on for all these tech stocks that
were so over priced. When she all went
to hell, virtually all these companies
never went anywhere but out of business.
My only concern with these investors is
that this land probably wont leave their
hands because it was bought with owned
money. Land is the most tangible asset
you can own. They can sit on it and pay
taxes for years till the next boom
comes. However like I said in past posts
there are folks who have no clue about
farming and would probably jump out of
the fund when she is not performing.
Thus the fund would have to liquidate,
or else spring Madoff out of the clink.
Maybe there is some more stupid famous
actors of celebrities he hasn't bilked
yet