Is Monette Farms like Bernie Madoff?

[the big wheel]

It makes me laugh when people complain that some evil foreigner is buying farmland.Simple just dont sell to them and sell to your neighbour instead.Oh but money talks.Guess we are lucky i dont know of any Chinese or Russian that own land anywhere close to us.Our biggest competition for land is from Alberta,both farmers and investers,but its up to the seller who they chose to sell to.There are alot of young farmers here and our small towns are doing quite well,houses sell quick and many are moving from cities to retire were its safer and afforable.We have two new daycares being built within 20 miles and both have long waitlists so the future looks good.

It makes me laugh when people cant see whats happenning right in front of their eyes.
Thay guy that you say was from Alberta how do you know whos bankrolling him? It may be legit but we found out in our area even some of the neighbors admitted they have offers from people working as agents for those countries, getting huge commissions to find canadian land.
And plain and simply you think its a good idea foreigners own our farm land?lmao

[fcr]

My father and his brothers as well as many others rented land from a U.S . Company until they were forced to sell because of a change in land ownership laws. They had an office in town and the owners would visit every July. Great landlords and very fair rents. My father purchased what he could afford at the time however some was sold to BTO with deeper pockets so we lost some land.Not everything is always as it appears. It’s your choice who you sell to when that time comes. Oh and the Albertans with one exception have all moved here lock, stock and barrel so they are a welcome addition to our rural communities.

[newguy]

Lots of farmers here have sold to investment people.That money is still in our community and land being farmed by local young families.Those retiring now went through some tough years and deserve to get as much as they can when they sell.

[biglentil]

What does "stilling our community" mean? Watching too much moonshiners are we? Large investment co's buying up the land is not a good thing for small towns. Young families have little security when they have zero legal interest in the land. That's serfdom and exactly the reason many of our ancestors risked it all and left the ole country with little more than a hope and prayer of owning some farmland of their own. #neofeudalism

[newguy]

What does "stilling our community" mean? Watching too much moonshiners are we? Large investment co's buying up the land is not a good thing for small towns. Young families have little security when they have zero legal interest in the land. That's serfdom and exactly the reason many of our ancestors risked it all and left the ole country with little more than a hope and prayer of owning some farmland of their own. #neofeudalism

No need to preach to me about making sacrifices to own land.I would have loved to have more rental land available when i started.I would have been able to justify newer technology equipment.Instead was putting all my profits into land payments .

[ColevilleH2S]

No need to preach to me about making sacrifices to own land.I would have loved to have more rental land available when i started.I would have been able to justify newer technology equipment.Instead was putting all my profits into land payments .

Wait, retired farmers don't rent their land out where you farm. What do they do with it?

[WiltonRanch]

Two of the largest farms in this general area have been big for decades. Took them generations, good decisions, hard work, and tenacity to arrive at where they are at. They’ve built and maintained through thick and thin. Some of these “big” outfits have operated in historically good times. None have had the litmus test of the 80’s and 90’s. Some BTO throwing around a million to change public favour indicates to put it nicely are wet behind the ears or the money they’re throwing around didn’t involve a lot of their sweat equity.

[newguy]

Wait, retired farmers don't rent their land out where you farm. What do they do with it?

Back then most that retired sold and those that rented it was rented to a relative .Families were bigger and usually multiple family members that were actively farming.We did rent a few quarters but not enough to make a difference to the overall farm operation.

[checking]

[QUOTE=biglentil;n805017]What does "stilling our community" mean?
I believe he meant "still in".

No darts in this game.

[the big wheel]

The questions are is it good for communities, the province and the country for foreign owned farm land to increase at these levels? Is anyone monitoring who owns what? lots of numbered companies? Especially when at the current price of land 450,000 to million a quarter and these expenses it does not make sense for anyone to buy based on the return from the crops?

[AlbertaFarmer5]

The questions are is it good for communities, the province and the country for foreign owned farm land to increase at these levels? Is anyone monitoring who owns what? lots of numbered companies? Especially when at the current price of land 450,000 to million a quarter and these expenses it does not make sense for anyone to buy based on the return from the crops?

Either it is a Ponzi scheme house of cards based on the ever inflating real estate bubble, which will inevitably collapse and you can pick up the pieces for pennies on the dollar.

Or else it is a hedge against inflation by investors in it for the long term.

Current real estate prices do not look sustainable. Popping that bubble won't be popular.

Current public debt levels do not look sustainable, the only way they know how to get out of that is to inflate their way out.

[foragefarmer]

Thanks for the repost AB5 of what Errol has been saying for the past 15 years (while the longest bull market in history has taken place), or did he pass the torch onto you as he's be awfully guiet lately .

Only those on the outside looking in keep predicting the worst.

[AlbertaFarmer5]

Thanks for the repost AB5 of what Errol has been saying for the past 15 years (while the longest bull market in history has taken place), or did he pass the torch onto you as he's be awfully guiet lately .

Only those on the outside looking in keep predicting the worst.

Did you even read my post? There's a 100% chance that the powers did be will continue to try to inflate their way out of this.

The the other comments were in response to big wheel. I will let him wait to pick up the pieces. I will keep buying land as an inflation hedge.

And you can continue to tell us how brilliant your marketing is by claiming you buy every low and sell every high post factum.

[jamesb]

How much of a bubble is farm land in Western Canada? If it drops 25% I think that would be big. I do think that "some" investors are going to get a wake up call that rents will come down. Are the land investors there to make money or are they trying to park assets in a "safe" place and are not worried about returns but more about saving principal.

[AlbertaFarmer5]

How much of a bubble is farm land in Western Canada? If it drops 25% I think that would be big. I do think that "some" investors are going to get a wake up call that rents will come down. Are the land investors there to make money or are they trying to park assets in a "safe" place and are not worried about returns but more about saving principal.

My impression is that many are looking at farmland as a return of investment rather than a return on investment.

It's probably not going to zero, as virtually every other intangible asset eventually will.