Richie Bros-SASK Spring Yard Sales-OMG WHAT IS GOING ON

[furrowtickler]

So how does all of this work and or continue with crop prices at or below the cost of production?
What do some of these large outfits see that most of us don’t ?

[Sheepwheat]

So how does all of this work and or continue with crop prices at or below the cost of production?
What do some of these large outfits see that most of us don’t ?

The see shiny things. They love for and want more shiny things, whether there is money or not. Lol

[jazz]

Yes five big banks are the largest land holders in Saskatchewan.

And second the Chinese.

Isn’t it great.

And FCC and CPP and Teachers pension plans.

[blueversi]

The see shiny things. They love for and want more shiny things, whether there is money or not. Lol

Last one standing with all the shiny things and land WINS, but by then there’s no one left to impress or care!! Lol!

[Austrian Economics]

This is an interesting concept but You are comparing an asset that can produce an ongoing and sustainable income albeit with a lot of work to an unproductive asset that you can only hold and sell once you may make money or you might not. I think more and more people are thinking land is a more long term protection of wealth. And a lot harder for someone to steal, except maybe the government. If that happens well we are all ducked anyway.

I'm not suggesting that you sell your land and speculate in gold. Not at all. Merely pointing out that as our economy drowns in debt, we have to work harder and harder to maintain our standard of living. The valuation in gold is just a means of illustrating that point.

If the capital stock of the economy was actually growing and becoming more productive, we would not have to work as hard to acquire an income generating asset. But because we have staked everything on fiat currencies and governments that consume capital with money-losing boondoggles, we've effectively eaten the seed corn.