Liked that about the pants!!!
Speculating or investing? In the area I'm in land prices are only going to go one way...up! Land prices here have nothing at all to do with agriculture. A large Petro-Chemical industry does! When the "grunts" at these plants are making over $100,000/yr. it's not to hard to swing a loan! And then they get to play weekend farmer and enjoy the tax benefits! And this is good I believe. A lot of the farm land is being bought up by lawyers and doctors as an investment.
I do realize land prices have been in the tank in Sask. and Manitoba for quite awhile, but I also see prices pretty strong if close to a major city. Land close to Regina or Saskatoon isn't all that cheap.
One drawback of this high priced land is don't even think about an intensive livestock operation, cause it ain't going to happen! The county gets all kind of complaints in the fall about the dust and noise from those pesky farmers running their combines!! I mean how can you sleep at night if some farmer insists on combining after 10 P.M.?
The really sad thing is this is top notch land with thick black soil. And every year the city takes some more of it.
Speculating or investing? In the area I'm in land prices are only going to go one way...up! Land prices here have nothing at all to do with agriculture. A large Petro-Chemical industry does! When the "grunts" at these plants are making over $100,000/yr. it's not to hard to swing a loan! And then they get to play weekend farmer and enjoy the tax benefits! And this is good I believe. A lot of the farm land is being bought up by lawyers and doctors as an investment.
I do realize land prices have been in the tank in Sask. and Manitoba for quite awhile, but I also see prices pretty strong if close to a major city. Land close to Regina or Saskatoon isn't all that cheap.
One drawback of this high priced land is don't even think about an intensive livestock operation, cause it ain't going to happen! The county gets all kind of complaints in the fall about the dust and noise from those pesky farmers running their combines!! I mean how can you sleep at night if some farmer insists on combining after 10 P.M.?
The really sad thing is this is top notch land with thick black soil. And every year the city takes some more of it.
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