If there's no hope for Ag in Western Canada, explain the current land prices. But I still say average producers aren't driving the land prices as much as non-farming investors, but they're caught up in the frenzy(lead, follow or get out of the way). Then there are some "farm shell companies", that look like individual farms but you know damn well then couldn't be doing what they're doing with their own equity and capital.
How does this end for Canada with new competition; FSU, ARGY, untapped African potential, and land prices continue to escalate to levels PAST the point of making sense?
If you can rent 475K land out for $100/ac, that's 3.3% return...with big appreciation in all likelihood already taken out of the equation(it's already happened). AND with potential downside risk at these levels.
....lead, follow or get out of the way!
How does this end for Canada with new competition; FSU, ARGY, untapped African potential, and land prices continue to escalate to levels PAST the point of making sense?
If you can rent 475K land out for $100/ac, that's 3.3% return...with big appreciation in all likelihood already taken out of the equation(it's already happened). AND with potential downside risk at these levels.
....lead, follow or get out of the way!
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