Grain land the new Sexy !!

[mbratrud]

Heavy Land from West Side Weyburn, Yellow Grass, Milestone and into Pense, trading at $190,000 to $240,000 per Quarter, East 75,000 to 100,000 for lighter Land. 2006 it was less than half that. Might be the same lever farms is running rent and prices up here as well. Cash rents are getting out of touch as well. The stakes are certainly getting higher.

[fjlip]

Hopper, are those the ones who traded 5 one year old NH TJ's, 2-134' sprayers and 2-74' 5710's with 700 carts at Jay Dee Humboldt for green stuff?

[bucket]

Some people have more money than brains.

Why not pay reasonable money and keep 100g in the pocket?

[Hopperbin]

I suppose one way investors can justify their purchase is to purchase more at a higher price and then they can say that the value is increasing.
In reality this lever land should have sold for 600 per acre. No one locally buying anything else except for new comers, new neighbours with new money.
Locals are a bit worn down at the moment, don't wish to compete with this. Not that I know of anyway.

[Hopperbin]

Don't know of that deal Fjlip.

[Hopperbin]

That sounds like it could be the Crone deal.

[DogPatch]

Maybe when it comes time for these damned investor to find someone to rent it, we should all say go to #$@##@. They won't make much if it goes unseeded, or they have to have someone custom do it.

Gosh I hate speculators!

[SASKFARMER3]

Its time to sell to your 18 year old sons for this price. Don'T cosign the deal just sell to the son. Soak the little bugger then when he looses it in 5 years you buy it back for 10 cents on the dollar. Its legal and that's how big business does it.
Just up for discussion, I don't recommend but its fun to tease.

[zeefarmer]

The hutterites are willing to pay high amounts. I heard the Kyle Colony paid $1300/ac for 15 quarters. It probably was land that they really wanted.

Either way, if the land prices stay this high, it will force young farmers like myself who want to start, with out daddy co-signing, nearly impossible.

[zeefarmer]

Hopper, Fjlip

From what the JD dealership told me it is the Crone's equipment. I don't know these guys but from what I am told they sold 2 high clearance JD sprayers at the auction this summer to replace them with pull types. They farm around 20,000 acres. Anyone remember the 5 or 6 basically new Cat FWD tractors at Ritchie Bros auction in S'toon a couple years ago - same guys.

Something doesn't make sense unless you are struggling to keep up to your lease payments...

Maybe a new post should be crazy equipment deals of the winter.