Land values in your area?

[AC man]

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.

[SASKFARMER3]

North Regina just before you hit the shit before the valley 375000 north valley Good dirt cupar 326000 and higher our area 426000 and down rose town 525000 swift some 526000 and Alberta some areas I’m hearing 800000 a quarter.

Good time to quit.

[farmaholic]

Apples to apples and oranges to oranges not apples to oranges. All the info will be interesting but the only thing that will determine your sell price is what's happening in your backyard.

Land quality and open acres, local competition, yadda yadda yadda...

[ajl]

Harvesting equity out of land is the smartest thing to be doing right now. Most have lost sight of the fact that loose monetary policy=rising land values and tightening monetary policy, which is ongoing right now=lower land values. Most of the last 40 years have been loose monetary policy except the early 1980's and right now and we know what happened in the 80's. Couple that with growing production in FSU, South America, the USA (they are scaling back the CRP). Right now B of C is desperately trying to tighten before the Venezuelan end game for Canuckistan. When selling land make sure you get greenbacks not loons for it. B of C governor has said Bitcoin is speculative and not a store of value but then so is the loon which is the problem here. Not all land in AB is $800000 per quarter as well. There is still some areas around $1000 per acre as well but you don't here much about that. That will be pasture land with limited to no cropping ability of course in wet fringe areas.

[Sheepwheat]

If it never comes up for sale, and if it does, and is a deal between and uncle and a nephew, does land have value?

[seldomseen]

Around here it always used to sell times assessment but now you most often hear $ per acre and I don't think people even look at the assessment because it doesn't seem to matter if its good land or poor land as long as they are square quarters or half's.

I think out here a long ways from town 1600-1800 and if you get closer to Tisdale I would guess 2000-2400. That works out to around 3 times assessment.

[jamesb]

What so many people don't seem to know about is Comparable land sales. On the Sask Farmland securities website , it cost $20 per rm to get actual land sale numbers. We do it once a year for our area and it tells the true sales numbers. No coffee shop numbers here.
http://www.saskatchewan.ca/government/government-structure/boards-commissions-and-agencies/farm-land-security-board-and-farm-ownership/search-the-comparable-land-sales-database

[the big wheel]

Beware of those numbers. In certain areas where big investors have interest there is lots of under table side deals which is good for the land owner and good for the buyer as if your buying you don't want land values to be advertised high. Some guys do it to get around losing pensions etc. It's happening a lot.

[jamesb]

Beware of those numbers. In certain areas where big investors have interest there is lots of under table side deals which is good for the land owner and good for the buyer as if your buying you don't want land values to be advertised high. Some guys do it to get around losing pensions etc. It's happening a lot.

In our area the majority of the land is bought by known outfits and most are " corporate family farms". The investors were here 10 years ago , and most have since resold back to locals. Doubled their money I might add.

[sk_wheatking]

Land is worth whatever someone is willing to pay you for it.