FCC Farmland Report

[SWFarmer]

Well it looks like double-digit increases for most of Saskatchewan again in 2017.

https://www.fcc-fac.ca/en/ag-knowledge/ag-economics/farmland-values-report.html

[seldomseen]

That surprised me a little with costs as high as they are and grain prices where they are.


I am not sure where the optimism is coming from but land here just keeps climbing!

[Sheepwheat]

Gotta get it all or the neighbor will! Can’t have that happen. Mystifying to me.

[sumdumguy]

Too much credit FCC. How big will the burst be this time?

[ajl]

What was more interesting was the fact that land prices have stalled out in most of eastern SK and north central AB which is my region. I would say that is realistic as the poorer types are not selling around here and the better land has been flat at best the past couple years. The 2018 report should show a decline around here and these days a GIC yields in the 3.5% range now outdo farmland as an investment.

[Oliver88]

Well it looks like double-digit increases for most of Saskatchewan again in 2017.

https://www.fcc-fac.ca/en/ag-knowledge/ag-economics/farmland-values-report.html

Quite a difference between west SK and east SK.
15% increase on west side of province and 0-1% in east half.

[AlbertaFarmer5]

Quite a difference between west SK and east SK.
15% increase on west side of province and 0-1% in east half.

Would it be safe to say that a return to "normal" rainfall levels in each respective area would cause those prices to go the opposite directions? Is this a reflection of the west side now becoming a garden of eden with higher rainfall, and the east side becoming a lake?

[SASKFARMER3]

Well said Alberta that is the truth in a nutshell.

While we flooded the dry areas of Sask made out like bandits and the farmers forgot life in Saskatchewan.

The only good thing was maybe we didn't overspend on the east side because the excess rain made sure we weren't moving forward but back.

If multi-million dollar farms on the east side subsidized by Toronto or Calgary etc couldn't make it kind of hard to increase the value of the land.

[Guest]

maybe some of you aren't old enough , these are the same kind of reports we were reading in the early eighties just before the shit hit the fan .dont get to close when you are looking over the edge of that cliff .
we heard all the same shit then ; not making anymore land , land never drops . the last stage of the cycle is so investors can get their money out . gonna be some long faced farmers at the end of this run !
land prices sure haven't dropped in this "east half of province" , up another 10%.

[the big wheel]

Alberta money from oil on the west side. It's not about crops. Oil supposedly was floundering so speculation on oil development on the east central side declined so too speculation on that land.
All laughable as the oil industry is rollin on dough that we re supplying. Hahaha

FCC would they even print a lower land value considering who they've borrowed to? Never.