Andjelic bullish on SK land prices

[jdg364]

https://www.producer.com/news/landowner-upbeat-on-prices/

What a swell guy, always there to help the farmer grow his farm (sarcastic typing). Looking at the article he had in the WP back in august 2020, andjelic owned 220,000 acres of land. Within 1.5 years he’s increased it to 218,406 acres, the big keep getting bigger.

[jazz]

https://www.producer.com/news/landowner-upbeat-on-prices/

What a swell guy, always there to help the farmer grow his farm (sarcastic typing). Looking at the article he had in the WP back in august 2020, andjelic owned 220,000 acres of land. Within 1.5 years he’s increased it to 218,406 acres, the big keep getting bigger.

I have neighbours with 5 figure land holdings and a 9 and 10 figure debt to go along with it.

It’s all debt. Monette farms has a $300m debt with Scotia. Kambeitz has a $150m debt with BMO.

[Goodtime]

Luckily I was buying most of my land before he moved in the area but he bought a lot of reasonably priced land. He is sell made and saw a great opportunity, I highly doubt he is leveraged like the big farmers mentioned here.

[BTO780]

Only thing Andjelic is concerned about is the price of commodities. Higher they go the more he figures his cash rent is worth. Let everything get back to reality like it was not so long ago and let’s see how bullish he is. He is like Trudeau more you make the more he wants back.

It amazes me how many farmers are falling for his tactics just to say they took in more land. He wants the tenants now to pay the land taxes. If they don’t he just ups the cash rent value to compensate for it. Have fun working for nothing and making him more money.

Farming is heading for turbulent times.
Wouldn’t want to be holding a big debt load.

[jazz]

Wouldn’t want to be holding a big debt load.

But the logic isnt flawed. There isnt a better asset class than viable land. You are paying 2.5% interest and land over the last 100 yrs has risen at a 7% clip.

So your renter discharges the debt while it compounds in price. That same business model has made billionaires in other real estate class as well.

I dont believe personally interest rates will rise much.

[jazz]

We should never discount what the rich are doing. Why are they buying farmland including gates?

Simply put if there is a monetary reset, the value probably skyrockets. And we will have a financial reset for sure. Thats baked in.

[sumdumguy]

Wild Thoughts- don’t read this is you have interest rate nightmares.

Guess those of us who were sitting ducks during 18—— > 22% interest (the wild times) can’t erase the memories of watching the assent of bank rates. Lines of credit were “flexible” and computers made mistakes for some reason. Every day you wondered why is this happening and prayed rates wouldn’t go any higher, but they did continue until quite a few farmers around us fell. I will never say “never again”. Now I wonder, does history repeat? It’s a calculated risk, borrowing, leveraging, exponential expansion. What’s the game plan is the question?

[checking]

https://www.producer.com/news/landowner-upbeat-on-prices/

What a swell guy, always there to help the farmer grow his farm (sarcastic typing). Looking at the article he had in the WP back in august 2020, andjelic owned 220,000 acres of land. Within 1.5 years he’s increased it to 218,406 acres, the big keep getting bigger.

Man, I dislike reading WP articles, but I'm going to have to if going from 220,00 aces to 218,406 acres is an increase.

[sumdumguy]

Man, I dislike reading WP articles, but I'm going to have to if going from 220,00 aces to 218,406 acres is an increase.

I was shaking my head too😂

Wonder if ,”Too big to fail” has any meaning will accumulating debt.

[jdg364]

Man, I dislike reading WP articles, but I'm going to have to if going from 220,00 aces to 218,406 acres is an increase.

Sorry, fat finger mistakes.. he had 210,000 acres in august of 2020 and now has 218,406 acres.

[Rareearth]

How many acres are they farming?
Big numbers that might be reasonable or even good?

[Old Cowzilla]

What kinda rents are we talking about assume this is good dirt ?