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Ritchie brothers land rent auction
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Originally posted by Oliver88 View PostYields must be great in the RM of Blaine Lake than.
I would of guessed lease was for all 3 years as well, good for the landlord.
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Originally posted by caseih View Postthis land rent reminds me of a kramer sale at saskatoon 2-3 years ago . a chev 1980's single axle 3 ton grain truck sold for $46000 dollars. haven't saw anything that f$&king crazy since .
Iceman back in?
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Send them my way....2500 owned paid for acres @ $150/acre/year for 3 years is 1.125 million.....pay the property and income tax.....I might just sit on my balls for three years.
Something seems fishy here....either my math is bad, or don't like excessive risk, or farming where I do--in the slum of the Ghetto has tainted my perception of reality that others seem to enjoy! What happens if something goes bad? What if the lease has rotational limitations or the land has cropping limitations (no lentils, chickpeas).
Too rich for my peasant blood!
Someone called it mediocre land, whats the "good" stuff rent for?
At that rate what is the ROI to the land owner at the current value of the land?
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......someone trying to "buy their way into the purchase of the land"?
$2000/acre value at $150/acre rent= 7.5% ROI
Maybe Input Capital can stream the tennants some cash against their equity....lol
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