land auction today

[farmaholic]

We all know rb is unreserved, and my hairline is coming back.

......and I'm NOT crazy! Right?

[TSIPP]

It's about 12 miles east of me, that's way better land than I have as I'm truly the king of the Getto. Ha.

I think a lot of that land is going to crap and flint hard, most of the cultivated land out this way is around a hundred thousand a quarter.

[makar]

As long as you are buying the beer, sure i can go with that.

[farmaholic]

As long as you are buying the beer, sure i can go with that.

Some say the jury is still deliberating!

[TSIPP]

I'm betting Ducks picked up a few parcels.

[makar]

Some say the jury is still deliberating!

I can find 12 friends that drink beer.

[farmaholic]

Makar, I'm peerless, here in the Gutter of the Slum of the Ghetto. (Where did your last post go?)

TSIPP, did that dirt actually change hands?

[makar]

Thought last post was repeating the previous so deleted, hey someone listens to me.

[Flatlander]

It’s the 3 L’s, you know, 3x location. That area was somewhat depopulated by an native land claim settlement in the 90’s, so a large block of reserve land is to the immediate east and to the west Chinese investors, or I assume, new Canadians of Chinese decent, have bought vast tracts. Cracks have appear3d in getting tenants. This was never the $100-$125/ acre cash rent you see 25 mile north of this location. I think $30/ acre was the rate in this area. There are only a handful of farmers that seem to be dividing up a lot of area and renting these investors property, so take one or two farmers out of the mix and there’s a problem. Rumour is a local bought several pieces at yesterday’s auction.

Looks like the investors have left the building around here. Back to farmer prices.

[grassfarmer]

I was reading a report of English land prices in 2017 yesterday. Converted the dearest parcel of arable land sold was just shy of $30,000/acre - the average of all arable land sold was over $16,500/acre. 60% of the land was bought by farmers - the rest presumably by "investors". With prices like these I think it's unlikely that Canadian land prices will decrease much going forward.

[Klause]

I was reading a report of English land prices in 2017 yesterday. Converted the dearest parcel of arable land sold was just shy of $30,000/acre - the average of all arable land sold was over $16,500/acre. 60% of the land was bought by farmers - the rest presumably by "investors". With prices like these I think it's unlikely that Canadian land prices will decrease much going forward.

What we're land prices in the UK on 2004?


Here in sask you could buy dirt at 30k a quarter section.


Lack of subsidies, lack of transportation, and lack of nrt profit will drive land prices down.


It's happened enough times in the past and history repeats itself.

[farming101]

With prices like these I think it's unlikely that Canadian land prices will decrease much going forward.

Short term I agree. Mid to long term it all depends if the land will produce anything that generates a return on investment