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Why when neighbors sell do they need cash from locals within days but give a foreigner years!

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    #13
    Tell me how far off base this "mega farm" business plan would be....
    Twenty-five dollars per acre would be budgeted for the provision of seeding annd harvesting machinery which would provide all "as new" equipment for whatever scale the farm grew to over time.

    Labor would be provided for as the farm manager saw fit from a limited pool of associated relatives and increasing non-Canadians on a non permanent basis. Perhaps a full time foreman; but majority of seeeding/harvest busy seasons covered by seasonal Mexicans/exchangestudents/woofers/those who will put in some long hours for remuneration that Canadians have obviously refused to fill.

    Unwritten agreements and understandings have been made that certain "quadrants" of expansions are the territory of certain expanding neighbors; and it is somewhat generally accepted that some sorts of competition are not in the interest of "neighbors".

    At the scale the "real farmers" are operating; there is no one really dependent on the help of any of the "neighbors"; and no one even gives a thought to other than their own growth and present situations.

    Everyone is quite smug about how sucessful they have been; and now that the township sized farm has been well exceeded; the top ten per cent are looking forward to picking up the remainder.

    But darn, there is foreign competition; and it could be a formidable obstacle; and gee the federal and provincial governments are not as concerned about the rural vote and are musing about deceasing farm subsidies; and wow there is even some backlash from the consumer who sees there isn't but one or a few really involved in the meat industry or any other sector.

    Maybe the final scenario is a foregone inevitable conclusion; but maybe also it will substancially scollapse and will have to start over to a great extent.

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      #14
      Yes this deal is that! I still say my kids
      will have all the land they want when
      their 18 to 20 in our area. All the land!

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        #15
        I have said it before and I will say it again. It is not the time to go after big pieces at these prices, a strategic quarter or half that will only come up once in a lifetime yes if you have the cash but not big chunks. Even last winter I thought we were at the top and I was still a buyer at those prices now we are %50 higher again. I am waiting for the bubble to burst and the investment companies to start liquidating before buying any significant amount. Renting looks like the smart move now.

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          #16
          Wanted two out of the 9 last spring. We have
          seen it before. Rumor is rent is 75 has just been
          paid for 8quarters by our main farm.
          I do agree if a quarter you wanted or two comes
          up buy that. Waiting is tough, but the writing is on
          the wall for these land groups.

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            #17
            I would be paying the 75 rent before 2000 purchase. You don`t have to sit, rent instead of buy, be the land companies friend saskfarmer then you will be first in line when the time comes.

            Or I could be totally wrong and land will double again !!

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              #18
              bgmb

              I have always been a believer in Buy vs Rent, but youre right the tables have turned 4% on $2000 is $80 with no risk of being a victom of Land Bubble.

              So I have changed my tune as of late to if I can rent land for 4% of the value it is far less risky than putting up half my farm as security to lock in historicly high land prices.

              Time will tell what is right, and it's different if you have no debt and can pay cash for land. If you have to go to the bank and borrow every penny, renting is looking better all the time.

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                #19
                bg;


                If the feds keep printing money... you know what the answer is in the short term. If Trillions out there... it needs a home... and GOOD farm land is the BEST investment on the planet.

                When selling A closing date means nothing. They just ask for extensions. 20 percent down NON refundable is the only way to go... then the buyer has real skin in the purchase and will most likely finish the deal. I have seen deals with 50 percent paid off... and the land returned during the early 1990's.

                One thing we know for sure.... history does repeat itself!

                Look at Japan... they are the poster boy for where the world is going. 25 years of trying to inflate a developed economy out of a bubble! AND they are still going....

                Cheers!

                Comment


                  #20
                  SF3 - a question.

                  Do you think your neighbors don't care for you?

                  Maybe they don't want to see you succeed on their land?

                  Envy plays alot into this.

                  Do you need a hug?


                  I watched guys sell in the last couple of years that thought they were getting the best price for their land. They left 100s of thousands of dollars slip away because they couldn't wait another year or two. They wouldn't give their next door neighbor time to put something together. Land prices increased at least 25 percent since then. I guess driving new vehicles that will be worthless in three years and working for someone for another 20 years is more profitable.

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                    #21
                    Look at japan is right,but those poor sob's are about
                    to implode.

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                      #22
                      Rumor is rent is 75 has just been
                      paid for 8quarters by our main farm

                      OK thats interesting I have experience one time on a one quarter purchase that I have purchased the quarter before I even talked to the guy. Then talked to him and purchased it done deal in like a week he was fully paid.

                      So did you pay 75 dollars per acre? I don't think so by your comments so far. And why do you need it anyway? You would only be driving up the price of the land you wanted to buy. Did someone else come in and rent the land beside your main farm??

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                        #23
                        To tell you the trueth I have only one investor neighbour no one knows who how when if but or why, but even the RM does not know an adress and contact name. In my opinion nieghbours like this we do not need cause for one, the RM taxes are not going to get paid at some point in time so everyone else has to pay it. But seriousely if I would be able to get a contract with such a company I would Fxxx them. Not that I need that contract to survive I don't. I just don;t think its right that we don't know who owns land beside us. Would also provide entertainment for myself.

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                          #24
                          Foreigners can't own land. Ha ha

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