Look, what I'm trying to tell you is that you can't control how others are going to run their operations. Sitting at home grinding your nuts over it isn't good for your health or family. You will go nuts in the end being pissed off at guys you think are screwing up your operation.
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Originally posted by sk_wheatking View PostLook, what I'm trying to tell you is that you can't control how others are going to run their operations. Sitting at home grinding your nuts over it isn't good for your health or family. You will go nuts in the end being pissed off at guys you think are screwing up your operation.
Can we change them , nope . But to ignore facts is not healthy either trying to move forward.
One just hopes there is more common sense at times than not .
Most of it long term seems to work out .
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I personally don’t give a rats ass what any farm does or pays, I’m not paying their bills. But, we have ALL bitched and complained .... would bet dollars to dollars the person posting the ad has also. But, to put will pay over the market is insane. Margins are beyond small and I’m watching what I buy and spend in 19.
Bet hey if you can net $20 ac guess I can’t say the guy didn’t make anything.
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Some of it doesn't make sense. We have all had disasters in the last decade but we all know a BTO that didn't even skip a beat and grabbed 1000 more acres the year after. Might be diluting losses over more acres and that's a ponzi that will fail eventually. I mean after this yrs harvest are you gung ho to double your acres. Most normal people had the fear of god put in them.
But even guys buying a farm for millions of dollars. Young guys backed by who knows who. If you had 10 mill burning a hole in your pocket would you go farming honestly when you could park it in some GICs and ETFS and collect $400k doing nothing. Who wouldn't do that.
Something else afoot. We could be Vancouver.
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The guy sounds pretty smart to me - advertising "willing to pay over market" will have people coming to him offering land that wouldn't come forward if he had advertised for "cheap land wanted to rent". Maybe he's paying $1/acre over market price - pretty smart if he can get the pick of the best for a dollar an acre!
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Originally posted by grassfarmer View PostThe guy sounds pretty smart to me - advertising "willing to pay over market" will have people coming to him offering land that wouldn't come forward if he had advertised for "cheap land wanted to rent". Maybe he's paying $1/acre over market price - pretty smart if he can get the pick of the best for a dollar an acre!
Most guys are carrying first right of refusal clauses. He wont be stealing any land. He will have to pay $20 an acre more to pull it out of someones hands.
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We lost some land to one of these guys this fall (only couple 1/4s). I have been seeding it for 15 years, never missed a payment and I treated it like it was my own. Hot shot moving into the area paying more for rent than we net per acre on an average year. I told the landlord no problem and good luck. Landlord was surprised I didn’t counter, I just told him the numbers barely worked with what I was paying and definitely doesn’t work with what you have been offered, just make sure you get paid before the seed goes in the ground. Then he asked if I would be interested again if it doesn’t work out with the new guy (haha).
I have at one point or another had someone, both neighbours and “friends†try to swipe land from us.
We have 2 more lease agreement that need to be renegotiated in the new year. It will be interesting to see how that goes.
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Originally posted by RedLentil View PostWe lost some land to one of these guys this fall (only couple 1/4s). I have been seeding it for 15 years, never missed a payment and I treated it like it was my own. Hot shot moving into the area paying more for rent than we net per acre on an average year. I told the landlord no problem and good luck. Landlord was surprised I didn’t counter, I just told him the numbers barely worked with what I was paying and definitely doesn’t work with what you have been offered, just make sure you get paid before the seed goes in the ground. Then he asked if I would be interested again if it doesn’t work out with the new guy (haha).
I have at one point or another had someone, both neighbours and “friends†try to swipe land from us.
We have 2 more lease agreement that need to be renegotiated in the new year. It will be interesting to see how that goes.
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Originally posted by jazz View PostWell around here the average price would be in the mid 90s but what I found out is there are a few guys over east shelling out $120 and then there are few landowner who weren't up on the market taking $75 and locked into a multi year deal.
Rent could increase because bank rates are in the 4% range. If guys don't want debt then rent should have a slight premium attached.
bigzee, what I have noticed is there are some young guys going for it hard and aren't too worried about a flameout. 30 yrs old driving 5 million dollars in equip. I am still swinging wrenches on 25 yr old stuff.
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[QUOTE=ajl;398411]FCC does operating loans now right? Apparently millenials will do anything to avoid dealing with the job market here in Canuckistan. What will be funny is when the older generation wakes up and finds their retirement pissed away by jr avoiding the real job market. Jr will be looking for a job and the “ old man has to farm.†/QUOTE]
the “ old man has to farm.†..... what makes you think there will be anything left after junior’s new math and self balancing budget theme come to reality?
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Originally posted by hobbyfrmr View PostYou are just not efficient and progressive. 🙂
Anybody who farms conventionally, rents a bunch of land, has fantastic crops and a new(er) line of equipment is going to go broke....the neighbors said so.
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Originally posted by farmaholic View PostBut his net income and equity statements might look alot healthier.
Anybody who farms conventionally, rents a bunch of land, has fantastic crops and a new(er) line of equipment is going to go broke....the neighbors said so.
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Originally posted by jazz View PostMost guys are carrying first right of refusal clauses. He wont be stealing any land. He will have to pay $20 an acre more to pull it out of someones hands.
I have big neighbors who are royally screwing their land owners. Hopefully these high rent ads get some land owners up to speed. I am getting tired of paying high rents while my neighbors with all the shiny new equipment pay 60% of the going rate.
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