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.

[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

[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.

[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.

[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.

[makar]

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

[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]

Some say the jury is still deliberating!

I can find 12 friends that drink beer.

[TSIPP]

I'm betting Ducks picked up a few parcels.

[farmaholic]

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

Some say the jury is still deliberating!