Farmland values Canada 14% Sk 18.7%

[tweety]

https://www.fcc-fac.ca/en/about-fcc/corporate-profile/reports/farmland-values-report.html

This should help with the whining. But probably not.

[freewheat]

Down 18.7 maybe. around here at least. Straight from my banker.

[ALLFARMER]

One open quarter near La Crete AB sold by auction last weekend for $310,000

Had to update the FN balance sheet again, thought it was 245,000 what a pain in the ass.

[wakopa]

Talked to a guy from minto yesterday , land still selling for 3000 plus around that area.

[newguy]

I think grain land has leveled off but pasture is gaining value big time.with livestock prices through the roof look for more gain this year on land set up for that.farms were discounted huge if it had a bunch of non cultivated acres.

[bucket]

Interesting about pasture.

There are guys that bought fenced farmland and the first thing they did was remove the fence lines.

Call it lost opportunity?

[tweety]

freewheat, me thinks your banker is a land investor!

[newguy]

Yes bucket
Livestock facilities on most farms totally gone and never coming back.that is why cattle will have a run of a few very very good years in the future.and the good set ups that are left will be valuable.

[hobbyfrmr]

Bucket, there is cattleman in this area that has a good theory. In this area marginal/poor land got fenced for a reason. Many mixed farmers know which properties to fence so they dont have to "fight" the land.
Price of grain goes up, fences come down then the price of grain goes down and the farmer wonders why he ever tore down the fence!

[freewheat]

Tweety, I wish. Land prices here are dropping. That is a fact. We don't all live in places where values perpetually go up.

[rockpile]

A quarter of irrigation near Vauxhall sold for 1.2 mil this past winter. Sugar beets and potato country.

[furrowtickler]

The last few land sales since the new year have been in the 2.5 X assessment here, down from the 3-3.5 x assessment the past 3-4 years. It will be interesting to see the same report next year this time.

[SASKFARMER3]

In our area prime land is trading higher as one or two guys who sold companies for Millions are purchasing and actually farming. Throw in South African farmers who are paying way over value. The Chineese have backed off or stopped all together. They over paid for poor land to the north of us. THe one who bought prime is complaining all the time that his renter doesn't give him a decent profit from Vancouver. The large land sale that happened last summer by the Ontario teachers pension plan was a decent price and paid for the yard real well.
Real farmers buying in wet areas like free wheat is talking about are paying less than other years. The Melville sales prove it. The same farmer sold 14 in the fall and kept the best 7 for the sale he lost on the last 7.
So if you live in a area with lots of foreign money coming in or a crop area that hasn't seen problems, or guys who liquidated Companies and now are play farming or guys who go to RRSP meetings and are told Land is the new best thing. Your price is probably going up. Real farmers in other areas are paying good compared to a few years ago but it has to fit with their operation.
Their tweet that's a reply not sarcasm like you say to free wheat his banker must be a land investor. Again you show your stupidity.

[blackpowder]

Good thing those general stats so well published. How else would absent landlords and family law lawyers know when to tighten the screws?
Not sarcasm, fact.

[Ronski]

Heard of two separate sales this winter one a single quarter the other multiple quarters. Both in the county of Lacombe within 5 miles east and west of highway 2. 7700 and 7900 an acre.
That's crazy money even for Dutchmen...