Green valley: I think our prices for adverse affect and loss of use reflect the strong influence of our surface rights group. If you look at the Farmers Advocate area charts for annual rents you will see the area SE of Red Deer to Threehills has some of the highest prices (our main area)? We have a very strong and active surface rights group that encourages sharing info and aiding and assisting SRB challenges. We have a high "pattern" due to compensation challenges at the Surface Rights board.
Our high adverse affect is a direct result of a surface rights board decision obtained by one of our members.
Recent annual rental agreements suggest the "pattern" needs to move upward? A recent settlement (through a SRB mediation process) resulted in $2800 adverse and $585/ac loss of use. This was one of our board members land. We are in the process of another negotiation that hopefully will be at least that good (if not better!). Because we share that information within the group.....the "pattern" will continue to go up.
The loss of use figure of $450 was based on a crop rotation of cereal,cereal, canola....and was a fairly accurate reflection of prices and general yields at the time. Prices have risen since then.
The companies in this area have created the "pattern" and they all use it and are very willing to use it. We have been able to have a uniform "pattern" (and indeed a rising pattern) because of an informed membership willing and able to challenge compensation at the surface rights board? We are not the only surface rights group in the province getting better returns on oil field activity on our land. Pembina-Warburg SRG get some very strong prices, as an example? There is power in numbers and co-operation. (we have 1400 members)
Our high adverse affect is a direct result of a surface rights board decision obtained by one of our members.
Recent annual rental agreements suggest the "pattern" needs to move upward? A recent settlement (through a SRB mediation process) resulted in $2800 adverse and $585/ac loss of use. This was one of our board members land. We are in the process of another negotiation that hopefully will be at least that good (if not better!). Because we share that information within the group.....the "pattern" will continue to go up.
The loss of use figure of $450 was based on a crop rotation of cereal,cereal, canola....and was a fairly accurate reflection of prices and general yields at the time. Prices have risen since then.
The companies in this area have created the "pattern" and they all use it and are very willing to use it. We have been able to have a uniform "pattern" (and indeed a rising pattern) because of an informed membership willing and able to challenge compensation at the surface rights board? We are not the only surface rights group in the province getting better returns on oil field activity on our land. Pembina-Warburg SRG get some very strong prices, as an example? There is power in numbers and co-operation. (we have 1400 members)
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