Ritchie brothers land rent auction

[iceman]

Input dropping the hammer on 2 more canola contacted farms and another 30 more contracts signed up for this quarter. 20 of which are new farms for SF3's buddies.

Nothing to see here folks. Everyone is rich and pays cash for everything remember.


Iceman out

[sk_wheatking]

[QUOTE=Klause;332844]You guys...


Anyone ever been through that RM? \beautiful flat rock free land.... they grow potatoes, carrots... edible beans...


klause what are you talking about man! That land is going to grow canola, field peas and a cereal of some sort. There are hills swamp and rock in that area LOTS OF IT. The hutterites might grow some vegetables but the guys that are renting this aren't going to be growing any of that EVER. Whether you choose to believe me or not is your choice............

iceman, you back in?

[seabass]

Ditto sask! Ain't seen too many veggies other than the huts garden. Somebody had a hardon for it and got off. Lucky landlord.

[iceman]

Sk wheat queen
I never left inp
Now I get a dividend!

Iceman out

[sk_wheatking]

Sk wheat queen
I never left inp
Now I get a dividend!

Iceman out

To bad it wasn't dairy queen, then i'd be worth something!

[Klause]

Ya, ok... i'll tell that to the guys we haul grain for up there.


Also, you're forgetting about the dairies up there... One I know rented a bunch of this ground so they can spread manure on it....


Feel free to disprove me :P

[furrowtickler]

That Blain Lake area has been very good the past ten years. Very productive soil - in areas. Not bothered much by the drought in 2001 - 2003.
I am just woundering about the risk factor at those numbers . How is that factored in when Sask crop Ins levels are generally not even close to the coverage needed ?
Or does it matter ?
Hearing $120/AC just south east of here this fall .
I guess as I get older my risk tolerance is fading.
But I also was bold in the late 90's , then 2000-2004 was a train wreck. Maybe too conservative now lol
It will be interesting to hear the stories from the "lentil belt" this winter. Last year drought , this year flooded out. Some guys less than 20% normal production over the time in an area where land rents and values have skyrocketed the past 8 years as well. Maybe all will be fine.

[binthere]

thats the thing. crop insurance does not factor in. the btos around hear dont carry crop insurance.

[sk_wheatking]

Ya, ok... i'll tell that to the guys we haul grain for up there.


Also, you're forgetting about the dairies up there... One I know rented a bunch of this ground so they can spread manure on it....


Feel free to disprove me :P

Well I'm not sure but the two guys that I know of that rented 4 and 3 respectively don't have dairy farms. Just normal grain outfits.

[sawfly1]

i can see a might break even or lose money as a reason to buy land .
but renting it. that is a different story.
they must figure 50 bushel canola or 14 $ canola every year.
good for them if they can do it.

we are not there yet, here
i can see 350$-400 cash inputs including the 150 rent
plus if you already own the hardware to do it. maybe there is still room for profit for those guys.

i have been wrong all along, drought has not happened , and inflation keeps going,

and the last time it crashed, they got bailed out, their sons bought it back for 50
cents on the dollar.
or
the son paid big bucks , the father pocketed the money, then when the son went under ,
fcc sold back to the son for 1/2 the original price.
and the son still ended up with pa's money.

the fools were the prudent ones, that made their payments