Foreign Land Ownership

[phoenix64]

Well put Vicki, I also would be interested to hear from someone who has been a long term renter, I mean twenty years. In my research of farm families in the states in these scenarios, they are virtually left with nothing for retirement. We can't base our conclusions regarding viability of this model on the last 5 years of farming with cheap credit and good grain prices. Furthermore how does a farm family build infrastructure, buy equipment, mortgage homes put money away for kids education and retirement based on 3-5 year lease terms. It seems the only way possible for this to be successful is the landlord has to be prepared to leave money on the table. We rent 35% of our acres from a friend, good relationship but he has left a little for us to make it work, everyone seems happy for now but could change if we had to deal with his grown adult children.

[LEP]

I rent about 65% of my landbase and have for about 20 years. I do quite well.

How do I do it? I don't spend every friggin extra cent on equipment. 5 year leases only. I know my costs and don't over pay for land or rent. That means I don't farm a gazillion acres, but I do make money most years.

I have been looking for a mfwd tractor for about 5 years. But I am not spending more than 80k on a tractor that is going to get 200 hrs a year. I see lots of neighbors with more $ in their auger tractor than I have in my main tractor.

But I have a real nice bank account.

[sk_wheatking]

To each their own. Sell to who you want to, for the price you feel you need. To all of you on here saying that you would take a bath for hundreds of thousands of dollars on a land sale just to keep a neighbor going or help out a young farmer or to keep an investor out well then let's see what you would do when you really decide to sell. Sf3 if you sold out (just an example) your saying you would happily settle for a much discounted price to keep out an investor? Let's say take a couple million less to prove a point? The bullshit here on some issues is hard to take.

[phoenix64]

Wheat little more complicated than that. If this were to continue on the scale of the past 10 years then don't expect to retire in your nearby community with all the amenities, maybe children and grandchildren with jobs nearby, hospitals, schools and your investment in the retirement home retaining its value. Can't have your cake and eat it to. A lot of farmers on here, myself included were allowed to build our enterprises (1974 - 2002) in sask with closed borders. Now we want to keep borders open? and tell the next generation to **** themselves? seems irresponsible. Never been a left wing thinker, in fact bout as capitalist as one can be, but believe this topic needs some careful consideration for the viability of western Canada going forward.

[phoenix64]

Thanks Lep for input, good to hear.

[fjlip]

If you are renting, help smaller younger guys, selling all and never coming back, $$$ talks, your last chance for cash. Always been that way, my relatives included. Paid highest price to get the land, no deals.

[taptout]

If we want to worry about foreign ownership, I would first worry about the foreign bond-vigilantes that are buying Government of Canada debt through increasingly large issues of bonds to keep Junior's spending habits satiated.

[SASKFARMER3]

Sk wheat king reread my post I said the farmer face the investor a deal and his young nephew instead of takin the extra hundred thousand from the neighbour or the new Canadian who really is farming.

**** boys read.

Plus I'm not selling don't need to it's land will always have value unless Trudeau gives everything to the chineese and then we get taken over as a country and our land is confiscated by the new ruler. Then I'm ****ed.

[sk_wheatking]

Sk wheat king reread my post I said the farmer face the investor a deal and his young nephew instead of takin the extra hundred thousand from the neighbour or the new Canadian who really is farming.

**** boys read.

Plus I'm not selling don't need to it's land will always have value unless Trudeau gives everything to the chineese and then we get taken over as a country and our land is confiscated by the new ruler. Then I'm ****ed.

You sure get angry if anything you post gets questioned. I think I need a break from agriville.

[SASKFARMER3]

I'm not angry I just said in that example the farmer gave it away to the investor who knows the real value in land and when he sells will want today's price and probably he will get it. The kind hearted farmer got a shitty deal and left a lot on the table. Just saying some times looking around talking and asking people what's going on and forget about who has what and make a smart financial deal for his farm.

This way the smart investor won out. Hook line and sinker.

[farmaholic]

....just a few thought. I said I would have grudgingly paid the going price for a half of dirt beside me. Paid means a big down payment and a mortgage. I would bet (at least assume) the seven gobbled up beside me were likely paid for cash....only way to know is a title search and see if there is a mortgage or something registered against it. Seems the most bullish on farmland are the ones who buy it and don't farm it.

Who the hell here said farm land is for investing in not farming. There needs to be a reality check.

[grassfarmer]

.... unless Trudeau gives everything to the chineese .....

You'd think with the phones all being made in China they'd at least get the spelling of their nationality right for the autocorrect. LOL.