Land values in your area?

[Partners]

Put a tender in the paper.
Kijiji..or call all your neighbors..they will try to out bid each other..might be surprised what you will get offered...Greed will set in..

[Guest]

I am planning on starting to sell some of my land, as there are no family members, to pass it onto. We are at the age where my wife and I want to retire in 5 years. We are in east central Sask. and curious what land is going for in your area. I have heard 2 times assessment around hear. Thanks for any input to help me establish a value.

tender it , then pick the youngest guy who bids , and give him first chance to match highest bid , is what I would do , 1800 an ac here last one . northeast corner of sask farmland

[farmaholic]

Half section, $1970/ac (last June)

Imagery: April 2012 wetter years here.

[fjlip]

[ATTACH]2390[/ATTACH]

Half section, $1970/ac (last June)

Imagery: April 2012 wetter years here.

Can those potholes be "legally" Drained? Or are they dry now?

[farmaholic]

Can those potholes be "legally" Drained? Or are they dry now?

Fj....some are now disced after the drought conditions this summer. The biggest ones might be hard to drain. Trenches would be as bad if not worse than the slough. "Average years" ...the big ones would always have some water....just the way it is . Small ones...variable. Remember, imagery is 2012....pretty wet.

[highwayman]

One individuals perception of legal drainage is most likely quite different than that of the water security agency. Without total agreement from everyone downstream there doesn't appear to be any such thing as "legal drainage". The term" Gestapo " comes to mind.

[farmaholic]

Does anyone know of land selling on a per cultivated acre basis rather than "X" dollars per acre on total titled acres?

In the above picture there is about 30 acres of sloughs...of which only in the driest of dry years would you ever hope to get them all at seeding time....and who likes seeding potholes in late June or early July just to help dry them out. Anyway....so if there is approximately 10% of the land base that can't be farmed in a timely manner...hasn't the land cost per acre just also gone up 10%?

One of the drawbacks of Ghetto farming!

What you don't see from a one dimensional satellite shot is the topography. ...it isnt super flat here. Trenches wouldn't make sense in some cases....it is what it is!

Land variablity with in a few miles can be drastic.....everywhere.

[blackpowder]

Just assessed an estate for probate. I'm executor. So much / cultivated, so much / noncultivated. By the county.
Title searches have transfer values. 4000-4350/cult. 1500-1650/non.
Right after that assessment Hutts paid in a excellent area 14 miles away $5k. Never been investor money here.
Honestly thought we had plateaued. Buyers over 40 big enough and not interested in debt to 65.
Prices I thought, had exceeded what rent could pay as %.
Hutts bought choice parcel. But still.
If your sure your ready and have a plan. Cash in at least some.
Interesting side note. More capital gains foul ups out there than you would think.

[farmaholic]

WOW BP.....those numbers are just nuts

[the big wheel]

Make sure your accountant is actually working for you to save money and not working just to make sure the numbers are correct. There is a big difference.

[AC man]

Thanks for all the threads. I know there are so many variables that determine land values. I never heard about the comparable land values site,so will check it. I do have neighbors interested and will tender it out. I am fortunate that most of our land is in a block or within a mile. I know of 3 interested in moving onto the home quarter.

[farmaholic]

Then there's the emotional attachment to it. Or wanting that piece that an Uncle or Grandparent owned. ACman.... no kids interested in farming, or no kids interested in owning/inheriting it, or no kids.
Land is quite the asset, if non farming kids/beneficiaries can see past the value of it and think of it as a source of income..... but some might not need the income and might want that expensive cottage at the lake.

In some cases the owning generation, like fjlip said, lives poor and dies rich! then the beneficiaries get the payday. I guess we won't know when we're dead!