What are Guys Seeing?

[malleefarmer]

Great topic happening here to a degree but foreign investment laws tighter and it deals need govt approval has to be in interest of Australia.

One would think parts of Argie and former ussr would be better bang for there buck in production stakes or just a investment as farms suggests

[zeefarmer]

A month ago, thousands of acres of high priced land for sale all around me $3500-4000 an acre.

All sold now. Some of this stuff $625k a quarter. WTF?

I feel this industry is totally forgotten. The same day that Minister Bibu said their is no money and fixing stability programs would be costly, skippys other minister went into Toronto and announced $1.5B for housing. Absolutely zero effort being put toward our trade dealings and the carbon tax ready to go up on all of us.

Add on that an absolute weather disaster and the prices barely budge. I can safely say they never will after that. Something is rigged in the pricing.

What are people seeing in Ag that I don't?

I don't know. All I know as a younger guy, I can make it pencil out and it works on paper, but in the end, is it really worth it? What guys are talking for cash rents now equates to 30+ bus/ac canola or 35-40 bus/ac durum at current prices to pay for expenses. In SW Sask of all places. That's ALOT of risk for a possibility of reward. All I know is it isn't worth it to me and we're more than likely walking away from some rented land that's up for renewal.

[TASFarms]

I don't know. All I know as a younger guy, I can make it pencil out and it works on paper, but in the end, is it really worth it? What guys are talking for cash rents now equates to 30+ bus/ac canola or 35-40 bus/ac durum at current prices to pay for expenses. In SW Sask of all places. That's ALOT of risk for a possibility of reward. All I know is it isn't worth it to me and we're more than likely walking away from some rented land that's up for renewal.

If your landlord ain’t greedy and have someone looking for it you should be able to get it down some.

[jazz]

If your landlord ain’t greedy and have someone looking for it you should be able to get it down some.

Rental costs are generally going to match what it would take to finance it so farmers need to understand that. And land lords aren't going to be happy getting a 2% return on land. So pressure will be on for rents to go up if these types of land sales keep happening.

I mean you can get a GIC at 2% or a bank stock dividend at 5%. Has your bank ever lost money?

[zeefarmer]

If your landlord ain’t greedy and have someone looking for it you should be able to get it down some.

😂😂😂 You've never waved money in front of a Mennonite before, have you? Five years ago he said he was willing to work with us, now I think he's spent too much time at the coffee shop. This is the second guy that is done this to us already. Maybe I should start to know better by now. It's not like we're doing a poor job of things either.

[sumdumguy]

A development quarter( 155 acres) listed near #1 highway east of Regina 9.9 mil. Now we’re talking turkey!

[farming101]

A development quarter( 155 acres) listed near #1 highway east of Regina 9.9 mil. Now we’re talking turkey!

I have a quarter I could let go for around that amount.
Needs developing. It is waterfront with a lot of beach quality sand

[Sodbuster]

Arizona?

[Sheepwheat]

What I see or have seen.

Our land prices are WAY lower than what I see you guys posting. Zero non farmer interest so far.

Even so, as most know, I have seen no future for my farm if I try to collect land and just grain farm.

Number one, no land ever comes up in a public way.

Number two, I simply can’t compete.

Number three, I have lost land to greedy landlords and had it pulled out from me by sneaky neighbors.

Left a foul taste in my mouth!

I think there are a number of things that may happen. My hope and my dream, is that young people with different and new ideas in how to change agriculture in this province will step up and lead. What we have is generally not working; if it is for some, the way things are going, I don’t see it lasting long.

We have this big, boring, cookie cutter mindset engrained in our agriculture sector. Too few think outside the box. Growing a different crop is not what I mean. I mean doing things differently.

After all, what is the definition of insanity again? Doing the same thing and expecting different results. We have as a sector been doing the same thing for forever, expanding acres, growing more per acre, keeping up with the latest technology. Do we think this is working? Lol. Laughable and sad.

Time to turn farming on its head.

Happily, some are doing just that, and I commend them. They will be the ones left standing in the midst of the huge grain farms I see in the future. The average family farm will be long gone.

There will be half section farmers again. Doing things differently. And I believe they will thrive. We need to let them.

[jamesb]

Ya our prices in the SE are way lower than what many of you are seeing. $1000 per acre is pretty common with some higher and some lower. I buy the comparable land sales for the RM at least once a year and I find the actual price is sometimes quite a bit different than coffee shop talk. Closer to me the land investors have came, bought and after 10-15 years now have sold out to local guys. Its to pretty well all what I would call family farms. I do think that some guys are going to be gone soon as they look to be hurting but that being said there has always been people who said that there was no way the land could be paid for. There is guys out there that are able to live with a huge amount of debt. Some will make it, some will be gone. I am amazed how much iron is moving since harvest, after the crappy year a lot of us had.