At what price would you sell out!

[HappyFarmer]

My opinion is this.
Get your self in to low/no debt/cash position as fast as possible, strech what you have to the max, and wait until 20 % interest rates hit and then buy, buy, buy with the cash you have all the land you can.
But i could be wrong.

What does everyone else thing.

[hedgehog]

you guys are catching up, now that outside investors can buy in sask, and your wheat is in the free market.
Goodbye cheap land and hello serfdom as sask farmer says.
The old world has caught up with the new.
old world uk rents are only 1% of the value.

[ALLFARMER]

If financially you could retire would you?
How much a year income will you need to live on?
Would you move? Where too?
What kind of beach chair do you like?
At what age do you intend to stop working?
How many people that you know never entered
retirement?

My dad farmed all his life, Alzheimer's started at
age 60 he's 67 now. Incredibly hard, incredibly
unfair.

[Ronski]

My dad retired completely this fall. 78 years old, he's going to concentrate on restoring old iron and enjoying himeself. He's lucky to look and act 15 years younger so he should keep busy for a while.
He was offered several million dollars for his home quarter over 10 years ago and turned it down. He explained to me money is just paper, property has value. The money wouldn't change his lifestyle and he enjoyed what he was doing. (and its been a family farm over 115 years never rented out, never custom farmed and that means a lot to him also).

Interesting to see in the local history books how after the first sale land changed hands every couple decades or sooner but the land held by the old families seems to stay with the name.

Land I bought I feel free to sell but the other I see as my kids as much as mine.

[hobbyfrmr]

Happy, I agree with your thoughts. Trouble is this
area has big efficient farms , they make big
money and are not scared to spend it on land
purchases and rent.
Two options are to rent out for decent money, or
sell for big money, relocate buy for lower values
and move shrapnel to new location.

[farmaholic]

Going out on a limb here... wanna bet its non-Ag money at work again? Hahahahahahahahahahahahahahahahahahahahahahahahaha hahahahahahahahahahahahahahahahahahahahahahahahaha hahahahahahahahahahahahahahahah, sorry for that!!

[SASKFARMER3]

It is investment money coming from TO.

[greybeard]

Recent chart in The Economist put Canadian farmland values at 10% f USA on a per acre basis. Suggested it was the cheapest place in the world to produce wheat.
Much lower than SA and next lowest was the Aussies.

[Hopperbin]

I would like to see these numbers. And Sask3 I have been dealing with should I sell for a while now. I like to farm that has been my life. As in your case were similar just that thinking your farm is worth much more have no idea what age your at. Don't think we should sell as let these dinks that want to make 1 percent go hard.

[greybeard]

http://www.economist.com/node/21560884

Recent sale in Iowa $21900/acre
Rents @ $700 acre.

[Hopperbin]

That rent works out to just over 3 percent profit, and not sure about american land taxes but is what it is.
Have to talk to FBC about these peoples taxes on property etc but whats my chances they know anything?

[hedgehog]

the govt in canada, nz, and oz made a great mistake in not retaining the freehold of farmland, and could then have stopped over large farms and foreign ownership.

[hedgehog]

connemara farms in australia had 50,000 acres repossessed and all equipment auctioned last week. a chinese company has bought the land.

[SASKFARMER3]

Funny thing after sitting on the Cat all
day yesterday, you realize that you are
the third and fourth generations on this
land. Yea selling would make one a very
nice retirement. But again I believe in
the family farm. These type of
operations last and last. Like one
earlier post in this thread. Find a old
RM map and see who still is their from
the beginning and how is that farm doing
today.
Also if one decided not to farm the land
and rent it out at 87.50 half way
between 75 and 100. on the farm would
generate a income very nice for the rest
of ones life.
Oh well back on the cat, the land I am
working on needs a little help.

[HappyFarmer]

Well said Saskfarmer.
Its the family farms that keep our communitys going. Just selling is the easy way out, but working towards the futures for yourself and your family is something IMO that you can't put a price on.