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

[Hopperbin]

I know a guy by quill lake that is farming some investor land there. After harvest last year he told his 2 employees he could not pay them their last wages to take the crop off. So the employees hooked onto the snowmobile trailer with 2 brand new snowmobiles on it and left the yard with it saying they will bring it back when they get paid. Is this the way we are supposed to farm?
I don't think so.

[fjlip]

Farm World has 2 CR 9090's coming for him! How does that happen? Too big to fail?

[husker]

I bought what I could and make it work, calling me a dummy for renting is a shot below the bow, I'm paying rent that makes this farm money, there lots of others around here paying alot more or doing custom work for these big outfits trying to get a piece of the pie not for me. The equipment came out of an Alberta dealership and good for Youngs they have been a little busy looking after their base customers.

[wmoebis]

NO problem. He will be buying his equipment cheaper than anyone else. He will be getting his inputs cheaper. He will get the help because everyone wants to ride brand new equipment and maybe work for a little less to do it. It will not matter what quality of grain he harvests he will get top grades because he buys soo much seed and fert and has soo much to sell.
All on the backs of anyone that is smaller than him, he will be getting a better deal than even the biggest guys. So if we want to compete we have to get bigger.

[ajl]

They are merely making the bet that there will be hyper inflation since no government around the world has the maeans to pay its debt. They are probably right. Otherwise the solution to this problem is to call and see if they have that kind of money for some of your land.

[redleaf]

Don't worry about those investment groups paying too much for land! They will be just fine if history has any lessons for us. One of two things will happen. Land prices will inflate enough so they can resell for a nice profit or in the event the farm economy really tanks FCC will make back room deals just like they did back in the eighties for people and organizations who paid too much for land and kept it out of the hands of neighbors. Meanwhile we see "investors" putting down minimum principle payments and borrowing the balance fromm FCC at 2% and running land prices through the roof.

[GALAXIE500]

Morning guys. Just wondering, where was this big land sale at. Over here by Maple Creek land ,if its farmland is selling for that 100,000- 150,000 range. To me thats double what its worth when you figure how long your going to pay for it. I am a 4th generation farmer/rancher and I carry debt to keep things running, but there is a limit to what my cows and my land will give me in order to service that debt. When I look acroos the fence at my neighbors $500,000 seeding equipment, I start liking my Old machinery just a little bit more, because I know that I have very little owing on it. I don't blame people for selling land at that price, especially if you were ready to retire ,or no family to take over, but these prices are so far from reality and good business sense that it just floors me! I am 41 years old and I will not be buying any land any time soon for the prices we have here now, let alone $256,000/ quarter.As they say in the Barrett Jackson auction " A rising tide raises all the ships"

[ado089]

My average annual land cost is $30/ac, half owned making payments and half rented, and I'm having trouble getting my pencil sharp enough to justify that. I would like to see the economics behind some of these land decisions these guys are making.

[SASKFARMER3]

Indian Head North right on top of valley.

[parsley]

"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"

What, you say?

The foreign landowners will then hire their own countries' employees, bring them in as seasonal workers, and farm it themselves and load each and every of their own slow boats to China to feed their people. Pars