land auction today

[ajl]

Long term bear market in Canadian real estate has begun. Stagflation is back here in Canuckistan with the inflation rate rising. Interest rates are forced to follow inflation upwards. In 1981 inflation was 10% and that is what caused high interest rates to fight inflation.

[Sheepwheat]

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.

Exactly.

[grassfarmer]

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

Just under $4000 compared to $16,500 now.

[farmaholic]

Land prices fall? It can't happen and it won't happen. Don't you know they aren't making anymore and we have to feed a growing population!?!? The economics of the producer making money isn't even taken into consideration!

Ok, enough sarcasm...

[Guest]

Land prices fall? It can't happen and it won't happen. Don't you know they aren't making anymore and we have to feed a growing population!?!? The economics of the producer making money isn't even taken into consideration!

Ok, enough sarcasm...

thats what that prick at fcc told us in early 80's when we were stroking a check for double what the land was worth . a couple years later we were in trouble and he was retired on a grandiose federal pension . someone said they never regretted buying land . i sure regretted that stuff . we did a lot of work and cleaned piles , windrows, bush etc . done a lot of ditching , grew some really nice crops ,and eventually sold it for 2.7 what we had paid for it (was to far from home). luckily Grant helped us with the interest in the dirty eighties, or we mightn't have made it. he was the only help we ever got , and no-one provincially or federally has given a f@#k about farmers since

[farmaholic]

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.

I noticed on the Ritchie's website the map of the area had a bunch of quarters shaded a different color, I was wondering if that was "land settlement claims land". Well, I guess so.

[quadtrac]

Yep we all want land to drop in price so we can buy more at a cheaper price.... I know the feeling but I don’t think that’s gonna happen.
I’d be ok with being wrong though.

[Rareearth]

Maybe the purchaser plans on organic?

[brs]

Must not beable to grow lentils or chickpeas there or would if sold for more foresure. Cause as we all know pulses pay the bills. Ps maybe not anymore the way things look.

[TSIPP]

Farma, I don't have a clue if it sold or not, it might take a while to figure it out most of it is very poor land your better of farming good dirt than poor. Probably make some good cow pasture but this area has a lot of water quality trouble. I'm sleeping with a local RM administratior so I just might find out.

I grew up on the east side of Saskatchewan and dad still curses about the hilly, dryed up, Stoney, treeless,godforsaken place I moved to. But there's always a place I can park an old tractor so I can get her running.

[sumdumguy]

[ATTACH]2841[/ATTACH]

Screen shot of area, compare it to rbauction listing map to locate quarters that were sold.

Knob and Kettleville.

[835 versatile]

the “they aren’t making any more land”.....they don’t have to...nobody lives long enough to keep it...it always comes back onto the market again at some point