Question of the Day and its not Politics.

[SASKFARMER3]

Have seen this over and over and over and have to wonder if any one can help figure out why so many Young 28 year old Chinese Dr. Accountants and Engineers who came to Canada to be educated and became citizens are purchasing land in some RMS and actually farming.
Spending 4 to 5 million to farm.
Never were farmers don't know one end of a tractor from other but are going to seed there first crop or second.
Yes parents are usually home in China and have good paying jobs or own Business.
But really why would some one want to quit a good job as a engineer or Dr. to Farm.
Second why would someone want to piss away running up land values on farmland.


Wait a minuet is this the Vancouver housing thing out west.

Trillions of dollars are getting out of china and I think I know where they are parking it.

Its legal as the purchasers are Canadian.

Just wondering if this is happening more in some areas than others.
Is it common.

Yes I have said the run up in land values is escalating in Saskatchewan and yes its a good thing for farmers wanting out.

But is this the Vancouver Toronto housing thing on Little house on the Prairie.

Its seems to me like the guy winning Lotto max and he's going Farming.

No scrap abandoned house in Vancouver is worth $7.4 million.

Maybe the one guy was right we need to learn Mandarin instead of French.

Oh well plus 15 all weekend off we go.

[samhill]

No end to it, every banker,lawyer, politician for sale. And they know how to make money out of real estate. As they say, money talks.

[sumdumguy]

What can you say?

[farmaholic]

I would like to see the young whipper-snappers who farm it(or want to) one day be able to say they own it. But the current situation has made it almost impossible to get in without big equity to back up new purchases.

Owning farmland and farming it and being able to expand has almost become an elitist's occupation/privilege.
Boy have things changes since I started! Scary...

[samhill]

The people who elected JT say so, and there's more of them coming every day.

[biglentil]

Simple the well educated are smart!

[freewheat]

I would like to see the young whipper-snappers who farm it(or want to) one day be able to say they own it. But the current situation has made it almost impossible to get in without big equity to back up new purchases.

Owning farmland and farming it and being able to expand has almost become an elitist's occupation/privilege.
Boy have things changes since I started! Scary...

I agree very much.

[DaneG]

Competent politicians are rare, most who are elected were failures at their initial chosen professions!

[DaneG]

Competent politicians are rare, most who are elected were failures at their initial chosen professions! Otherwise they would be still in that profession.

[DaneG]

Competent politicians are rare, most who are elected were failures at their initially chosen professions! Otherwise they would be still in them professions.

[Grahamp]

Freewheat makes an interesting point about the public's perception of farmers. (Being wealthy/elite) I am not that old (36) and when I was a kid being a farmers son definitely did not put me on the top rung of the social ladder in school. The bottom third is where I and I would say most farm kids resided. Now 20-30 years later I would say we are immediately assumed to be rich and have a charmed life with few worries other than which lake we are going to spend our summer at. I wish it was true.

[ajl]

China has a heavily managed economy where speculation is a guaranted way to become wealthy. Their government manipulates the currency so speculators can't lose. Now the rest of the world has gone that way as well with central bank money printing making speculation the only business in town here. They just have more experience living in that world then we do. That is why both China and Canuckistan will be on the scrap heap of failed socialist states one day along with Japan, Greece, Venezuela, South Africa, the rest of Europe and so on.