Thoughts on Land Price Direction

[shtferbrains]

McFarms if your going to have pit bulls and pot you need some kind of old tow truck to drag old cars in to fill the yard so no one notices all the old beaters sitting in your yard purchasing product.

Seems to work around here.
My neighbors all keep nice yards but I used to bale across from one of those.
Interesting on Friday evening.

[Sheepwheat]

450 000/80=?

Can you use the pasture for the bison? Is the poor pasture at all remotely fixable? Is the half bleep pasture able to become better than it is? Is there soil problems? Sounds like salinity in pasture.

It would be hard to let it go, but it doesn’t sound like a real stellar quarter, touching your home quarter or not. At least you are pondering it and not being automatic about it. Obviously if it was productive enough you would bite.

Without seeing it and knowing the layout, knowing the land, none of us should arbitrarily say buy it no matter what.

[blackpowder]

What's the legal, I need a place to grow pot, raise free range pitbulls and store my large collection of unused 3 tons.

Or you sit down pencil the value of the land reasonably and defendably in a negotiation, add a premium for the proximity and shutting out the nightmare potential (me) and politely approach him and give him your number and a decent time to say yes or no. If you don't get it you tried, if you get it and it won't break you you'll be happy always you got it

Land at this point doesn't have any reason to go down, still guys with the farming machine running well and that machine dictates investing in dirt if they are running it wisely unless something drastic happens it's going up albeit slower imo than the last few years ,for a while yet.

Sorry for taking up the extra space.
But I couldn't triple like the first paragraph. So real. If it ain't yet it will be. Wake up.

[flea beetle]

Unless there was no possible way for me to afford it I would not let a quarter beside my yard go.

Can that pasture be broke?

40 acres of pasture could be broke, but the other 40 acres is a creek from an alkaline lake running to the north Saskatchewan river. The land that this water touches/floods isn’t worth breaking. No crops grow in it. Just sporadic slough grass grows. So you would be essentially buying a 120 acres of productive land, with 40 acres of unproductive lowland attached to it.

[flea beetle]

450 000/80=?

Can you use the pasture for the bison? Is the poor pasture at all remotely fixable? Is the half bleep pasture able to become better than it is? Is there soil problems? Sounds like salinity in pasture.

It would be hard to let it go, but it doesn’t sound like a real stellar quarter, touching your home quarter or not. At least you are pondering it and not being automatic about it. Obviously if it was productive enough you would bite.

Without seeing it and knowing the layout, knowing the land, none of us should arbitrarily say buy it no matter what.

Yes the pasture could be used for the bison. There is no fixing 40 of the 80 acres of pasture. The other 40 acres could be broke to grain farm.

Don’t get me wrong, it isn’t a horrible quarter. But I am in the process right now of buying 3 other quarters from another neighbour. 1 real nice grain quarter with a 20 acre yard taken out of it, one full grain quarter that is quite hilly, and a pasture quarter. All are sold for less than the asking on this quarter next to my yard. Just priced too high in my mind.

[flea beetle]

Agee with the two above.
it’s touching your home 1/4 I’m surprised you’re waiting.
For what???
You will 100% regret it if someone else gets it. Maybe not right away but for sure in time it’ll be a mistake not jumping on it.

If I was only buying the one quarter, I might consider overspending a bit. But I bought the farm yard and 3 quarters off my parents 2.5-3 years ago, 5.5 quarters from a neighbour 2 years ago, and in the process of buying 3 more quarters from another neighbour now. No need to go looking to overspend at this point.

[FarmJunkie]

Guys I never made it to MIT but my simple arithmetic makes 450000 at 6% interest over 15 years with an average cost of 650 an acre pretty hard to see a profit unless she’s a bumper every year. I believe my numbers are relatively conservative were I grow grass and u would have to be one lucky SOB to make that pay for itself year after year. Only logical reason for buying it is for the next generation with monies from the rest of the farm. Which is ok but u gotta live with that decision especially if the cash cow canola takes a tumble.

[jazz]

Well assuming we dont get a mass die off from the vax attack, the world is going to be under a lot of pressure to feed itself in the next 25yrs. Ziehan might be off on a few things, but he is right that if globalization cracks (which it has), there is going to be more hungry and cold mouths in the world.

Canada is one of only a few nations with excess to export. So thats a plus for this biz.

But on the other hand we have the marxist climate loons trying to shut it down. If we ever let Trudeau and his tards do what he did to fisheries here in western canada, it will be the end. The govt regulated that industry down to nothing and now the chinese fish our shores, take the product back home, chop it up, repackage and export back to us.

Our trade position is precarious too. We rely on China and a few other countries taking our products. We saw what china did to canola a few yrs ago. Chinese money could easily be directed to Russia and then they start growing canola and lentils and durum. If we get into a hot war with them, we could be screwed.

[FarmJunkie]

Jazz he says Chinas done in a few years so that canola market definitely could dry up.

[biglentil]

Farmland has had quite a run, dare I say gone parabolic. Would I go into debt in this rising interest rate market nope, but would I sell and hold dollars, nope.

[Old Cowzilla]

My son and I bought an adjoining 1/4 last year old yard site pasture and or grain. It needs some work to clean up but that's part of my retirement projects. There was some small parcels next to it (village site long time ago ) that I wanted. Was able to snap up 2 of the 3 pieces but missed the trigger on the 3rd. There's now a 1972 motorhome ( dragged in ) for a living res. on the 3rd. Winning !!!!

[flea beetle]

So what is everyone’s opinion on where we are at based on the 1980’s? Are we even anywhere near having a similar type of event? Are we in a situation that will play out worse than that timeframe? Are we in the 70’s still, and have a few years before we have to start worrying?

Personally I feel we are on the crest, and headed over the downslope. Just not sure if it is a small gully, or a cliff.🤣 Not going to sit still in fear and do nothing, but want to look over my shoulder cautiously as well.