Why mega farms won't make it in western Canada?

[bgmb]

Lweber, are you currently actually buying farmland?

My pea brain must work differently than some peoples, I respect your theories and predictions but that,s all they are so I will give you mine. To me land was a good buy at 80,000 even 100,000 a quarter not 260,000(relative to the area of course). It would appear that the inflation has already happened when it inflated from 80,000 to 260,000 in 7 years.

Land should be priced off its ability to generate revenue which it has gone beyond, it is now a prized possession that people will do anything to get. Even my city uncles want to "buy some land cause its a great investment" but when it was "cheap" 7 years ago they had no interest. When guys like that want in thats when I sit on my hands.

[sumdumguy]

Cotton, they are real cheap, and it looks like a no
brainer. We have been snooping around there for
years. We especially like Lake Las Vegas Resort
in Henderson. Looks quite secure but the HOA
fees are atrocious to keep 3 golf courses alive.

Lots of great deals, but when you go back to
some of these beautiful areas, there are broken
down cars with flat tires, couches on the
sidewalks, big trucks with blacked out windows.
There are tons of comp rooms in Vegas and if
you goto Hotelspy.com, you can stay right on the
strip for under $50 a night. Right On! Thats only
$600 a month, cant resist.
We can't

[bgmb]

Lweber, are you currently actually buying farmland?

My pea brain must work differently than some peoples, I respect your theories and predictions but that,s all they are so I will give you mine. To me land was a good buy at 80,000 even 100,000 a quarter not 260,000(relative to the area of course). It would appear that the inflation has already happened when it inflated from 80,000 to 260,000 in 7 years.

Land should be priced off its ability to generate revenue which it has gone beyond, it is now a prized possession that people will do anything to get. Even my city uncles want to "buy some land cause its a great investment" but when it was "cheap" 7 years ago they had no interest. When guys like that want in thats when I sit on my hands.

[sumdumguy]

Cotton, they are real cheap, and it looks like a no
brainer. We have been snooping around there for
years. We especially like Lake Las Vegas Resort
in Henderson. Looks quite secure but the HOA
fees are atrocious to keep 3 golf courses alive.

Lots of great deals, but when you go back to
some of these beautiful areas, there are broken
down cars with flat tires, couches on the
sidewalks, big trucks with blacked out windows.
There are tons of comp rooms in Vegas and if
you goto Hotelspy.com, you can stay right on the
strip for under $50 a night. Right On! Thats only
$600 a month, cant resist.
We can't

[furrowtickler]

Your chart kinda says it all, what happens after a violent sharp rise in anything?? Not saying it will completely crash but it will correct at some point soon IMO. I am just pointing out a possiblity as too why a few guys have not been paid in full and "land investors" are stalling. I could be 100% wrong but I do know when you look at any chart in hisotry , most will see a gradual increase in nominal value over time but there are always corections after sharp increases - everytime. Just look at all the commodity charts you have shown over the past 20 plus years.

[wd9]

Aren't you a mega farm sf3?

[cottonpicken]

Did everyone know "house of the rising sun" is one of the most covered songs ever,you
won't see the references to the right but its true.

http://www.youtube.com/watch?v=bwAw9ThDQmk

Rumour has it when dillon heard this version he stopped the car,sunk to his knees and
vowed never to play it again.

Personally i like jimi whale in

http://www.youtube.com/watch?v=uagOWNwDfLI&feature=related

[SASKFARMER3]

Wd yea 10000 is a mega farm, right!

[newguy]

The easy way to predict the future is look at the past. Not this time. Opened my eyes when driving south of Williston ND.Must be a hundred thousand workers moved into that area. Campers mobile homes and anything anywhere people can live. Estevan and Weyburn is busy but if that is a sign of what can happen hang on for the ride south Sask.