More land in Foreclosure

[ajl]

Oh-Oh. Paging FCC land values department. Anyways 7 quarters to the south of me near Ryley Ab are on the market as a bank ordered sale. Granted this stuff is mediocre land but it has good connections to the Camrose canola crush as well as the oat plant at Camrose. There is more land for sale in the general area with one parcel right beside the foreclosed stuff and other stuff on CLH. Anyways actual land values are less than what recent buyers think they are so when rates rise even a little things will go sideways fast. Thanks to horrific weather locally, (the area where this land is would have participated in this as well) likely half the farmers were in financial trouble but got bailed out with rising grain prices. Personally, we have only become profitable in the past half year as well with the focus on survival these past five years. If anybody is looking for opportunity, check it out on Farm Real Estate Centre.

[blackpowder]

That has been a tough area these last 5 years for sure.

[helmsdale]

Know a couple in their 50's just north of that area, that if they didnt have two younger boys getting into the game and having farming thoroughly in their blood would have likely pulled the pin this year. They've had it. Excessive rain. Landlords that dont give a shit whether it gets seeded or not... It's due in full, even the temporary lakes. Harvests from hell, again and again.

This little shithole called the special areas has looked like eden by comparison the last few years. That isn't going to last though either. Land values have skyrocketed here with the higher than average rainfall, adoption of continuous farming, and high prices for commodities. There have been some absolutely stupendous land sales here as of late. Eventually this area will get back to breaking hopes, dreams, and hearts in late june and especially July. Land payments, let alone inputs and paint, often exceed physical gross $/ac that this area could produce with $6/wht or even $15 canola for somewhere around 9 of dads 47yr farming career, and that was on summerfallow. If land isn't directly tied up with the bank here in financing, I'm thinking 75+% of the remainder has been put up as collateral.

[AlbertaFarmer5]

And the humbling part is that conseutive crop failures due to weather extremes could happen anywhere.

Areas that look like the garden of Eden most years ( such as the areas around Edmonton ajl is referring to), might have gone decades without a disaster, then back to back to back. How do you prepare for that, especially if it is a big departure from what we thought was normal?

We endured too many consecutive wet years, intermingled with consecutive major hailstorm years. It leaves a mark. We have now gone a few years without any complete catastrophes, but I refuse to spend as if this is normal. I consider a year without a catastrophe to be the exception, and always seed under the assumption that mother nature is malicious.