Regina Housing Market.

[Rareearth]

They all need 60 to 75% security.
Per $100,000 that's cash of 25,000 to $40,000 down or land equity equivalent.

[farmaholic]

There was no need to expand until recently. A new torch bearer in the picture. I'll admit there was so much more I could have done with the equity. But at a certain stage you think that's enough, because under the circumstances the next move is almost a whole new level!

No risk no reward.

[farmaholic]

They all need 60 to 75% security.
Per $100,000 that's cash of 25,000 to $40,000 down or land equity equivalent.

Yup, 25% minimum for me....gets skin in the game 80 on a 320 quarter. I'd do more if I could. Beat it down asap....reduce acquisition cost....purchase price is stupid enough.

[Rareearth]

That's how most farms do it. Unless their is good second income, teacher, nurse, hockey players etc

Well done Farma , live your dream ....

[the big wheel]

FCC appears to have diffferent requirements if your a Chinese or other investor or broad ass or pike you don't need any equity in fact obviously since they lost millions they must have to have zero equity yet at the same time people that have farmed all their lives and built their communities through thick and thin they need more than 75 equity. Or if you've already borrowed stupidly they line up to give loans out because your big. Hahaha morons and somewhat crooked actually. Hey iceman is it true one of the FCC analysts moonlights for the canola capital gang? So let's see turn people down for loans at one place and then get them a loan shark deal at another make big sing up bonus. Hahaha is that how that works. Lol

[sk_wheatking]

Farming....the only business in the world where it seems that the majority wish their biggest and best asset would drop to 1940's value level. And don't rip me a new one there is post after post on here wining about high land values. No other business looks at what they have as being worth too much.

[farmaholic]

Sk, I can see where you might get that impression from me, lol. In this thread and every other that this topic comes up in.

But in all honesty and hopefully you can respect the opinion, why wouldn't I think it's too much when I want to buy and it doesn't pay for itself. Ya and did it ever pay for itself any time in the past.... probably not over a short term amortization and likely even less now than ever.

I honestly don't think anything I said is out of context.

I fully understand your comment about me thinking my biggest asset is worth too much. Over time, land has been the best investment I've ever made..... but I think we are at the same place we were in the late eighties and early nineties....(there I go again!!!). I don't have the same amount of "time"(the type that matters) as I had when I was in my early twenties back then.

Canola isn't $8 a bushel, decent wheat isn't $3.50 a bushel, feed oats and barley isn't $1.75 a bushel, flax isn't $7 a bushel, lentils aren't 15 cents a lb. canary seed isn't 12-15 cents a lb. peas aren't $5 bushel..... so maybe farmland shouldn't be $4-500/ac either.... But commodity prices aren't 4 times higher now like land is!

[sumdumguy]

When speculators get involved, all logic goes out the window.