.....selling out given the high price of land machinery and lack of infrastructure to move the crop in a reasonable time frame and lack of market access etc etc etc...
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.........Forever?
.........Move somewhere else to farm?
.........Buy back in here if land "corrects"?
.........Retire and say ****-it (I'm "middle-aged")
.........What about the successors?
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Dad always asks "how long are you going to keep farming?" My reply. "as long as I'm making money". We're still making money. Succession plan - boys aren't interested, I'm the last of this four generation farm. I can't find another profession that is this lucrative - could use a little less stress at times though.
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We bought four quarters last year spring at a crazy price. When i got back from europe food show a month ago i started to think that was a huge mistake. In pulse areas land values have been driven up by lentils and to a lesser extent peas. Personally i think land values will start to correct right away, at the least rental rates have to start coming down now. I understand land reality agents are getting alot more calls this fall.
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Land should always be a solid investment, the key is affording what you buy, and managing risk. I see some folks selling off a bit of land to lower debt, or to diversify the portfolio, cashing in at some level is never a bad idea.
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Yes. Thinking about other opportunities elsewhere. I would be willing to take a chance elsewhere. wonder about my kids. Just started a young family. Is Canada the place for opportunity in ag. I have been having doubts recently.
Plus the weather sucks.
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Originally posted by SWFarmer View PostYeah prices are definitely getting to fairly inflated levels. Here is a a farm that was listed just a few days ago.
http://www.timhammond.ca/Listing/ViewListingDetails.aspx?listingId=261545697
And when the lakes dry up you can farm the rest of the land
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