land rent

[tipsy]

Anyone go to,or have any info from the Kramer land rent auction at North Battleford? I hear the land went for 60.00 an acre. None of my business but, seems plenty high for an area that is far from a sure-crop area, in- fact have they not had some production problems over the last few years? Iam wondering if there was more than one bidder? Maybe he/they are looking for more!

[furrowtickler]

There were several bidders up to $55 .
Just look at the assesments, they tell the story. Fairly light land - sandy loam. Also prone to spring and fall frosts. Not a good time to expand here, way too much risk for that kind of money.

[seabass]

More than likely 4th or 5th generation farmers. Gotta keep the kids involved somehow.

[furrowtickler]

3rd I believe.

[SASKFARMER3]

Or is it BS corporate play farms that are using the rent to offset their production. Their accountants tell them go for it will work with CASIP etc. But in real terms their loosing their shirt 1st 2nd or 3rd their idiots.

[rough]

They may be idiots, but I bet they know how to use
the english language a lot better than this supposed
expert SF3.

[Hopperbin]

SF3 is not an idiot. According to CFIP if you farmed one quarter of land and the next year you farmed 20 quarters or should go by acres really but in English language your net income or your coverage increases 20 fold on your CFIP which is why some large farms are increasing in size, could be because of CASIP coverage.

[seabass]

Programs are great if your lucky but I've seen farms try that around here back in the GRIP days and they lasted a few years but are now extinct. Robbing Peter to pay Paul only lasts so long. I believe government programs have a way of overinflating local farming decisions with bad consequences.

[Hopperbin]

True we are likely headed into a year or years when CFIP payout is a percentage of what you are entitled. I don't like to admit to farming programs but the old caise did me well when I expanded. I do not agree entirely with the program even though it has paid well and even guaranteed the purchase of land in my books.

[SASKFARMER3]

Ruff if that's your criticism what a joke.