Thoughts on land prices ?

[Herc]

$500k is the new $300k

Per 1/4

$500k is so 2018…..

[ajl]

Auction 5 miles west of Westlock AB today had the bare farmland parcels between 600 and 900K depending on quality. Yesterday's auction NE Innisfail so close to the corridor was $1035000 for mostly cultivated but some pasture. Only about 5 miles out of town. Both estates. Clhbid yesterday no saled at Olds one quarter close to town. They did sell some in the central peace a week ago for 325 & 365000. I like to watch land auctions as you do see some actual prices rather than speculation on what they night be.

[Retired]

Auction 5 miles west of Westlock AB today had the bare farmland parcels between 600 and 900K depending on quality. Yesterday's auction NE Innisfail so close to the corridor was $1035000 for mostly cultivated but some pasture. Only about 5 miles out of town. Both estates. Clhbid yesterday no saled at Olds one quarter close to town. They did sell some in the central peace a week ago for 325 & 365000. I like to watch land auctions as you do see some actual prices rather than speculation on what they night be.

Check it out on team auctions 8 mill for 9 1/4s . Got to wonder how that pencils out ,havn't heard how it was split or how many buyers.

[Guest]

“The land market only goes up”
Dave Portney

except for the 80's

[flea beetle]

except for the 80's

And those times are oh so near. All it will take is interest rates rising a couple % to end this game!

[Old Cowzilla]

You can still lock in at 10 years for 5% or less that beats anything I did in the 80's. OH yes the 80's fun times********

[newguy]

When I started a top of the line pickup was 10 grand and a quarter of land was 25 grand.Today 100 grand for top pickup and 250 for a quarter of land .So not much has changed.

[AlbertaFarmer5]

When I started a top of the line pickup was 10 grand and a quarter of land was 25 grand.Today 100 grand for top pickup and 250 for a quarter of land .So not much has changed.

Where can you buy a quarter for that price? I might be moving.

[newguy]

Where can you buy a quarter for that price? I might be moving.

What is good pasture worth that is half native half seeded back cultivated?

[jamesb]

Where can you buy a quarter for that price? I might be moving.

We pay less than than that for a quarter in my parts. The price nearby is going up just like everyone else but for a lot of years there were no buyers and lots for sale. I am amazed at how different prices are not that far apart. Have had Albertans buy land locally too and end up selling after a few years too. Sometimes its cheap for a reason. Land rent is creeping up now but for years it was pretty low. The lowest I have paid in the last 20 years was for taxes. Land was black summer fallow that the guy decided the first week in May he didn't want to bother seeding that year. The highest cash rent this year in our area is under $70. We had lots in the fairly recent past at $42 payable in the fall. I know some guys that pushed land rent values hard a few years ago and they got their asses handed to them. The margins can be pretty thin in a lot of years.

[AlbertaFarmer5]

We pay less than than that for a quarter in my parts. The price nearby is going up just like everyone else but for a lot of years there were no buyers and lots for sale. I am amazed at how different prices are not that far apart. Have had Albertans buy land locally too and end up selling after a few years too. Sometimes its cheap for a reason. Land rent is creeping up now but for years it was pretty low. The lowest I have paid in the last 20 years was for taxes. Land was black summer fallow that the guy decided the first week in May he didn't want to bother seeding that year. The highest cash rent this year in our area is under $70. We had lots in the fairly recent past at $42 payable in the fall. I know some guys that pushed land rent values hard a few years ago and they got their asses handed to them. The margins can be pretty thin in a lot of years.

And wear approximately is "here"?

[jamesb]

And wear approximately is "here"?

SE Sask