Latest AB land auction

[ajl]

Two quarters 15 miles east of Camrose right on the south side of hwy 26 made $780 and 770K today on CLH. This is lower than the land 30 miles south that sold last weak. Looks like higher interest rates and lower grain prices are tempering enthusiasm as I would think this was flat to lower than what might have been expected in this area.

[Old Cowzilla]

Dairy or grain ?

[makar]

The clh auction in woking was interesting to say the least.

[blackpowder]

Two quarters 15 miles east of Camrose right on the south side of hwy 26 made $780 and 770K today on CLH. This is lower than the land 30 miles south that sold last weak. Looks like higher interest rates and lower grain prices are tempering enthusiasm as I would think this was flat to lower than what might have been expected in this area.

Without looking at land on question specifically, you can dance in and out of severe solonetz quickly as you move North of Hwy 13.

Okay so looked them up. Not quite 15 E. Will ask around. Seems low but if 130 avg producing acres still $6000. Needed both to make it work.

[oldjim]

Link to the Camrose auction or legal land description?

[blackpowder]

I looked through the auction site.
And Edberg Ferintosh area would be higher, better dirt, more rain.

[AlbertaFarmer5]

https://www.clhbid.com/auctions/CamroseLegacyLand

Looks like a mess of potholes, but maybe the images are from a really wet year?

[AlbertaFarmer5]

The clh auction in woking was interesting to say the least.

https://www.clhbid.com/auctions/PrimeTwoOnThe2

570 for a quarter with house, garage etc.
530 for a bare quarter, and doesn't appear to be as farmable as the home quarter.

Not much of a premium for building sites in that area?

[makar]

https://www.clhbid.com/auctions/PrimeTwoOnThe2

570 for a quarter with house, garage etc.
530 for a bare quarter, and doesn't appear to be as farmable as the home quarter.

Not much of a premium for building sites in that area?

Acreages are selling like crazy, thats the strange part.

[AlbertaFarmer5]

Acreages are selling like crazy, thats the strange part.

So, was the bare quarter too expensive, or the home quarter too cheap?

[Hamloc]

Here is the question, if you were buying land today would you take a variable interest rate believing that interest rates in the next year will have to come back down as North American economies enter a recession or would you lock your interest rate in expecting there to be higher interest rates yet? Timing could certainly influence the answer. 2 to 3 months from now interest rates are expected to be higher than today, where they will be a year from now is anybody’s guess but the 5-6% or higher interest rates of today are much different than a year ago.

[makar]

So, was the bare quarter too expensive, or the home quarter too cheap?

Both.

[oldjim]

Given that the half is only about 4 or 5 miles from Camrose and fronts the highway I would have expected it to bring a bit more than it did.

[Old Cowzilla]

Enjoy the drive through there pretty nice country but things always look greener on other side of fence.