Need some help with land rental, Regina region.

[bucket]

Totally agree with you saskfarmer. But even with land ownership, at our commodity prices today, our cost on that land with land payments and inputs would equal nearly $300 an acre, if not more. And that's on a pretty modest input and equipment budget. That's 45 bushels an acre of number 1 wheat, or 40 bushel an acre of durum. Those would be 5 or 10 year average yield around here.

I'm not looking to farm just to break even.

Well said ....throw in a harvest from hell and those 140 rents start to hurt a little even on good land????

[bigzee]

MNP said the most profitable farms are in that
3-5000 ac range. IMO farm what you own, and watch everyone else work for nothing renting all the high priced land.
Margins are so tight and to take your machinery over someone else’s land and and add more hrs doesn’t make sense anymore .... and I’m taking from experience. The little money you are making isn’t going to replace the machinery.
One investor I know of who I used to rent from is now expecting the tenants to also pay the land taxes once a new agreement is written up.
This will show how hungry guys really are.

[GDR]

If I am paying $140 a acre I will buy it first. Ownership is way better than renting, way better.

$140/acre would be equivalent to financing at $2800 per acre at 5%. Way better off to buy than rent.

Anyone paying cash rent that high and believes they are making money is not very good at math or history, hopefully they are much better at forecasting the future.

[SASKFARMER]

But if you own all or most of your land it’s easy and that is how multi generations take on more I guess. If my boys wanted land it’s not a problem on any amount. It’s is it a good investment and will it some day have a return.

I have investments in property that might make us money some day and some that we might walk away on in other countries do to political unrest. Shit happens it’s investing.

Sometimes you win sometimes you lose and you hope to break even.

[jazz]

[QUOTE]

Edible beans. Lentils. Peas.

Canning peas potatoes carrots onions. Export hay, dad had sugar beets at one time.

ha forgive me forgettting about the vibrant carrot export market.

Talking the majors here, anything reportable by stats can. If corn and soy make a real foothold in western canada it will be right in the area I mention.

[Oliver88]

I've been told as high as $140/ac around Swift Current. If you're doing cash rent, $100/ac is bare minimum.

These numbers seem like long term contracts that were signed when durum was $9 and lentils were 50 cents?
Buying would be a challenge in this region since if a retired farmer can get $100-140 per acre why would he ever sell?

[foragefarmer]

Jazz

Talking the majors here, anything reportable by stats can. "If corn and soy make a real foothold in western canada it will be right in the area I mention".


Soybeans account for the third largest seeded area in Manitoba, following canola and wheat, with 1.9 million acres sown in 2018. Manitoba produced 1.58 million tonnes of soybean in 2018. Manitoba produced 22 per cent of all soybeans in Canada in 2018.


2017-05-05 · Manitoba could also see a huge leap in corn acres this year, with Statistics Canada reporting that the province’s producers plan to seed 475,000 acres with grain corn this spring, representing an increase of nearly 38 per cent over last year.

What the F--- are you talking about. Have you ever driven in Manitoba in the summertime? Is Manitoba not Western Canada? Do you even know what specialty crops are grown in the Portage, Winkler, and Carman areas of Manitoba? Not to mention how the whole province of Manitoba is covered with soybean acres.

Jazz take a break from posting your conspirsacy theories on every topic that comes up on Agriville. Better yet stick to the climate change topics nothing ever gets proved on those topics and you excel in that area.

[zeefarmer]

These numbers seem like long term contracts that were signed when durum was $9 and lentils were 50 cents?
Buying would be a challenge in this region since if a retired farmer can get $100-140 per acre why would he ever sell?

Nope. That's this years prices.

Welcome to my world. Especially when Monettes are around here and can gobble up 30 or 50 Quarters at a time.

[Zephyr]

Jazz

Talking the majors here, anything reportable by stats can. "If corn and soy make a real foothold in western canada it will be right in the area I mention".


Soybeans account for the third largest seeded area in Manitoba, following canola and wheat, with 1.9 million acres sown in 2018. Manitoba produced 1.58 million tonnes of soybean in 2018. Manitoba produced 22 per cent of all soybeans in Canada in 2018.


2017-05-05 · Manitoba could also see a huge leap in corn acres this year, with Statistics Canada reporting that the province’s producers plan to seed 475,000 acres with grain corn this spring, representing an increase of nearly 38 per cent over last year.

What the F--- are you talking about. Have you ever driven in Manitoba in the summertime? Is Manitoba not Western Canada? Do you even know what specialty crops are grown in the Portage, Winkler, and Carman areas of Manitoba? Not to mention how the whole province of Manitoba is covered with soybean acres.

Jazz take a break from posting your conspirsacy theories on every topic that comes up on Agriville. Better yet stick to the climate change topics nothing ever gets proved on those topics and you excel in that area.

Totally agree.

Jazz hasn't a clue....


Grow 600 acres of carrots for Peak of the Market to feed our people at home and make far more than 15,000 acres of lentils... But hey we know nothing

[helmsdale]

We have one major that is walking away from $40 and $45 land. They are looking to shed upwards of 1/2 their seeded acres which accounts for the majority of their rented land in the next few years.

20-25 bushel #2 and #3 durum
15-20 bushel canola
20 bushel chicks
20 bushel lentils
30 bushel wheat

All done with max inputs, shiny equipment, and lots of fancy infrastructure.

those numbers dont pay...

And while those yields look horrendous, they are not that far off of Long Term Averages. They are certainly FAR below what has been grown here over say the last 15 year average, but there were numerous years that those sorts of yields on summerfallow were considered stupendous!