2021 Ag what's the answer to success?

[Sheepwheat]

land is $6000 around here, go closer to Carman and Winkler, and its much higher.

Mind blowing. What crop is that amazing to make it pay? Why on earth would one farm if you can get a million a quarter.

I don’t get?

[SASKFARMER]

wheat and Canola don't cover it.


Land at Regina is up and up and another friend sold out just over Christmas. Gone.

[vvalk]

It’s just math. Land rent is what $70-$100 let’s say on average. Take interest rates. Quoted 1.95 fixed 5 yes and 2.5 fixed 10years. If you want you can trade interests rates every 30 days and get rates down around 1.5-1.7%. So over 25 years paying it off that’s much less per acre. Just need to cash flow the principal. And many farms especially colonies will spend 50 years paying it off.

[burnt]

Mind blowing. What crop is that amazing to make it pay? Why on earth would one farm if you can get a million a quarter.

I don’t get?

Around here it is mainly milk and feathers driving it.

Those poor milk guys need a place to dump their cheques that the feds are pushing on them for offsetting the "loss" of market share from the trade deal.

A couple of the larger producers around here each bought 500 acre blocks at the end of the year. Not sure of the price were they bought - around the $12 -18,000/ac range.

Their fan club is shrinking rapidly....

[farming101]

Instead of buying fertizer I just might buy a million worth of bred cows !

Black Stetson !

It ain't wrong !

Have Hat AND Cattle!!!

[jazz]

wheat and Canola don't cover it.


Land at Regina is up and up and another friend sold out just over Christmas. Gone.

I just wonder where people will put their money after a big sale like that. Cash is useless. They are devaluing the money supply pretty fast. Money supply is growing 3 times faster than GDP.

Whatever inflation is being stoked for the future has to land in assets eventually. Land could be a big benefactor.

[SASKFARMER]

That is the problem you can't get anything from your bank for interest on your money. You can play the stock market and if you are on the ball you can make. If not you can get ****ed fast.

Land bought goes up usually, but two to three times in the last 100 years it has dropped.

Usually 1/3 them back up again. Check history it has happened.

Really hard to know what to do. But I believe Skippy is looking at a death tax or worse yet the same as Greece one day you wake up and skippy takes 10000 out of every single working person's account.

[bucket]

That is the problem you can't get anything from your bank for interest on your money. You can play the stock market and if you are on the ball you can make. If not you can get ****ed fast.

Land bought goes up usually, but two to three times in the last 100 years it has dropped.

Usually 1/3 them back up again. Check history it has happened.

Really hard to know what to do. But I believe Skippy is looking at a death tax or worse yet the same as Greece one day you wake up and skippy takes 10000 out of every single working person's account.

When I see Canterra Capital,, Area One Farms... Anjelic wanting to exit ...does it not indicate they are taking their gains out now and waiting for the inevitable setback?

[jazz]

When I see Canterra Capital,, Area One Farms... Anjelic wanting to exit ...does it not indicate they are taking their gains out now and waiting for the inevitable setback?

In 2015 after Trudeau was elected, Murray edwards a Regina boy who became a billionaire in the patch read the tea leaves and exited his entire portfolio and even left the country. He doesnt even own any oil anymore far as I know.

is Ag where oil was 5 yrs ago? A target for wealth confiscation, taxation and destruction? Sure seems so.

When you have 100k acres trimming your position would seem prudent especially with fools ready to rush into the asset class.

[GALAXIE500]

$14 canola, 15 beans, 7.00 corn, 8 wheat, yah, i can see $200/ac cash rents on the way. Is 2022 the year canola seed exceed $1000/bag?

$200 per acre cash rent in SW Sask. , Yeah Don't think I will see that down here anytime soon. Not enough rain in this country to get that kind of cash rent.