land auction today

[makar]

|I know the seller and renters, no not the best land in the peace, it was cow ground for years,of course the best sold first, the best land in the peace is around the old mission, dirt like the ukraine, my land starts 2 miles from the terminals and it isnt great, people dont realize how fast the dirt will change here. Some of mine changes of blue gumbo to peatmoss in feet.

[northfarmer]

High point of insanity was the rycroft land sold on the 13th, poor grain slash cow dirt, sold up to 420000. I know i live there.

Really, that is as good as land as there is in the Peace. The guy who bought it had been renting it and farming it for some time. Many big crops have been pulled off that land.

He took the best qtrs out of the package first and then bought all but 3 for an avg of 2300/cult acre which is a new high for the area where the appraisals were in the 1600 to 1700/acre range a year ago.

Very little land trading in the area and that was the first package of good land in one block for some time.

All within 5 miles of three major grain terminals.

The owner had similar offers to what he got at auction but word was he was holding out for 3000/acre. He got less after commission had he taken the direct offers in the fall when he was trying to sell it.

I think we are at peak or passed and would expect a soft correction based on margin squeeze due to higher costs.

[AlbertaFarmer5]

This thread just really depresses me. Land for under $1000 per acre! Pasture lease land goes for more than that here, has for years. Even pure moose pasture is much more than that.

[Klause]

Klaus, you must have been hit hard with capital gains reporting and alternative tax. Or did you buy in the same year in Sask and use replacement rules. Alternative tax is a big thing with sale of farmland and partnerships now

We bought the same year. So taxes weren't bad for us. My mom ended up with a bit of a tax bill even after using her capital gains allowance.

[Klause]

Yeah and that's you klause spouting BS and claiming it as fact. The quarters sold in the opening post weren't making $100k but we can always resort to Agriville's coffee row to prove that "some" land is making hugely more and call that average when it clearly isn't. I don't know why you are arguing this anyway as my point was that English land prices are many, many times what those on the prairies are and that will continue to draw new land buyers to Canada. You decided to make it a p###^%# match about which country had seen the biggest increase in land values which is irrelevant to the discussion.

Wtf. I think I know what the land I paid for went for... And the land I tried to buy...


But no I'm sure you know all that info better than I do too.

about 2.5 times what it sold for at the peak before the 80's wreck here. then it dropped big time mid eighties . one parcel sat for several years at $60k/quarter, would fetch $350 +(6 times) now . some of the best land in sask i think

[Sheepwheat]

Barely doubled here, if that.

[FarmJunkie]

Klause is close for our area. 10 times the value in the last 20 years. Hard to make it work when u got 2 greedy bastards ruining the chances of a young guy trying to start. Ok for the old f@$#& getting out!

[grassfarmer]

Is that the entire national average per acre price of all farmland , including pasture ?
Or just a locally point of reference?

Sheesh, I wish some of you guys would read what's written. The prices I quoted in the first post were stated to be the average of all arable land sold in England. So that's a national average, not local - for arable land, so not including pasture land.

[grassfarmer]

I c your point grass , but your not comparing apples to apples either .
Klause never mentioned Sask average.
He stated “here” which clearly meant his area , thus he may very well be bang on .
Again cherry picking to fit an argument.

I was quoting real figures - credible averages - apples to apples. Klause was the one trying to discredit my valid figures by cherry picking to fit the argument - cherries to apples, if you like ;0)