Cash rent these days?

[Hopperbin]

Hopper,your not making money but your buying land?? Smart move. Just keep on giving those land titles!!

[Hopperbin]

Snappy Turtle you have a point there. I have by renting increase my acreage over the last 10 years to become more competitive. We have been through a few hard years in our area. Since land rent is close or at near land purchase price interest plus land taxes per year then purchasing becomes an option. Problem is banks only give 30,000 per quarter of credit. I managed to work my land purchases over a 2 year period, half one year half the next.
3 years ago I purchased 6 quarters in that arrangement. Had to borrow the full amount again for the second half but I new in advance I could manage it.
This year I purchased 5 quarters and paid the first half without taking another loan. The thing is my payments are the same as cash rent would be for this area. Only in 08 will be paying a good portion of the loans down as have much more inventory than usual as long as don't go stupid on machinery etc. Just my situation. Have plenty of older farmers wanting to sellout.

[SASKFARMER3]

Hopper keep buying your way ahead of the renters in the south. Land is value.

[Steve_Winkler]

Here just 25 minutes SE of Calgary,( Indus-Dalemead area) rent ranges from $40 to $70 per acre cash rent. Buying land... forget it here. Last stuff two miles from my house sold for $7000/acre. 5 miles closer to the city the over $12,000. Renting is the only way to expand here.

Cheers.