Land Sale 15 Miles south of Yard $256,000 a quarter.

[SASKFARMER3]

Well well well local farmer purchases 6 quarters from fellow farmer for $1,536,000.00. And the big reason he had to pay so much a consortium out of Alberta bid $1600 an acre and he had right of refusal. Now the farmer that bought has cash reserves so not a dint in his account but what really ps me off is the Alberta group.
They are bidding up property all over Saskatchewan and buying most of it. Then they expect a local farmer to rent it from them for a premium. Hm doesn't this look like land companies of 1930s before the big crash, then for years the land sat vacant and was bought up by locals for taxes that were owing. I'm just saying things are starting to look mighty funny. Or are we slowly in Western Canada becoming Serfs like our ancestors were in Europe. Hm
Now its good for our land values if your selling. Hell $10,000,000.00 to $15,000,000.00 mill is now possible for the farm at these prices. But when will reality set in.
Yes these Individuals are bailing on stock market etc and buying hard assets but reality is sooner or later no one will be able to pay the rent that they need and then what.
So it makes for some hard decisions should one bail and set back and wait to re-buy or is this the next step higher. History does repeat and could this be 1981 all over again. HM really makes you wonder. Productivity wise We have land that's a lot higher assessed so not sure where the value comes from. I guess like our relatives in the City that have business's, every thing is for sale for right price.

[husker]

Same scenario south fo Regina, paying large dollars was having land custom farmed till this year now 3 new 535 quads, 3310 and 700 bus tanks 2 new case sprayers 3 new combines and the rest of equipment needed. Can't compete when the rented land gets bought I guess it's time for new line of work

[SASKFARMER3]

Its really bugging me I feel farmers are getting the wool pulled over them by some advisers to rent not own to lease and when its done its a simple exit. Hey wake up your now a Serf.

[SASKFARMER3]

Let me rephrase that, your a dummy who is doing all the work for little to no benefit. Hm Good one.

[SASKFARMER3]

Husker at least Young's made some money off the Guy.

[furrowtickler]

There is about to be a crash for these clowns. Even at grain/oilseed prices seen two years ago this does not work. WTF are people thinking. It will take a life time to see returns again that we seen then, even make that an o.k. investment? Are the rest of us missing something that big? Even as a long term investment this makes no sense as farm land. We were just told by the borg that some countries think our grain is too expensive - at todays below cost prices!

[freewheat]

If I was offered 1600 an acre tomorrow, I would sell. I would not have to think twice. Trouble is, why would anyone buy this water drenched land?

[oldjim]

husker - you forgot to mention the $40 million FCC mortgage that guy has, too. Look it up - it's public record.

[furrowtickler]

All for 3.50 wheat, 2.50 bly, 4.50peas, with canary, canola, lentil and mustard drifting lower. Maybe they plan on growing M.J.!

[Hopperbin]

I remember an auction by Yorkton somewhere a few years back. The guy had how many new tractors and combines and so many head aches because no one to drive and service them. I even had a guy quit this spring just before planting to start. I guess road construction was an easier job. BHP here is building a site for workers to live. will house 4500 workers. That is a city popping out of no where. We don't have that work force around here. What is that land assessment anyway? Sounds like I will have to pain with the decision to sell out if that price comes here.