$640k and gone?

[zeefarmer]

Did a little asking. That was for 3 quarters. 1 of cropland and 2 of native pasture.

[Partners]

For us older guys it's something to think about..
Non farming full time kids will probably sell it anyway.
No right or wrong.
Each in their own situation..
No rules in this game.

[Herc]

So what's a 313000 assessed quarter worth in our area?

If you gotta ask you can’t afford it....

That’s gotta be some nice dirt.

[seldomseen]

Crosses my mind also with no children that farm and getting older.
Its just that you try so hard all these years trying to pick up land it would be really hard turning around and sell it.

[GDR]

Sorry I snooped on sama.....$172,200 assessment.

If someone gave me the same 4.15x assessment I’d really think about phoning ritchies. Be $1.1 million on our good stuff.

That's nothing, you would be hard pressed to find a quarter cheap enough to be 20X assessment here!


Assessment system must be different here, no one talks about it as a measure of real estate value. Does give an indication of soil classification but location and view is more important than farming qualities in valuation anyhow. My highest assessed land is 45,000 a quarter and that's good land.

[Oliver88]

Crosses my mind also with no children that farm and getting older.
Its just that you try so hard all these years trying to pick up land it would be really hard turning around and sell it.

There is nothing wrong with setting the children, grandchildren or nephews/nieces up as farm landlords.

[AlbertaFarmer5]

There is nothing wrong with setting the children, grandchildren or nephews/nieces up as farm landlords.

I disagree. Because setting them up as landlords, means you are setting up future farmers as tenants, with one less chance to own the land they farm.

[jazz]

I disagree. Because setting them up as landlords, means you are setting up future farmers as tenants, with one less chance to own the land they farm.

The next generation of farmers isnt going to be your neighbor. I think that nostalgia is gone. I have farms around me where only employees ever show up. You couldnt find the owner if you wanted to. They dont even check the fields any more in person, Farmers Edge does it for them.

I have no problem seeing big money backed corporate farms having to rent from the decedents of former farmers.

[Old Cowzilla]

I disagree. Because setting them up as landlords, means you are setting up future farmers as tenants, with one less chance to own the land they farm.

Grandkids will likely sell my place and buy the worlds biggest boat made out off lego.

[jazz]

I had a chat with dad about this last night. He suggested running it for a few yrs with our equip and then renting it out.

His opinion is a 2 section farm doesnt align with this business anymore especially with no kids interested and no ability to add acres even if they were.

Says go buy something else for my daughters to be involved in.

Couldnt argue against any of that.

[campellob]

I've noticed that land prices have gone up a lot in the last two years. I think the reason is that more people have moved to work remotely. They started spending most of their time at home, and everyone wanted better living conditions. Many people I know have moved from a city apartment to a country house and started doing small backyard vegetable gardens. My wife and I were also inspired by the idea to move out of town and grow delicious fruits and vegetables for ourselves. We have already contacted realtors and are looking for the right fit. Would love your advice!

[Braveheart]

There is nothing wrong with setting the children, grandchildren or nephews/nieces up as farm landlords.

It works for one generation but the next generations after ownership gets diluted or creates envy, jealousy and hard feelings.