This land histeria...

**hobbyfrmr** · Apr 11, 2012, 10:57

Thank you Klause. Well said.

**Hopperbin** · Apr 11, 2012, 11:34

I believe you signed a 10 year rental contract through the real estate agent and lawyer written up. Do you think that is short term? Seems a little long term to me.

**Klause** · Apr 11, 2012, 12:01

Hopperbin:

Darcy and I are both in our 20s... We'll be in our younger 30s when that lease expires.... With a
career of farming until our early 60s or so, I call it short term.

A good friend of mine once told me, you don't need to own land to farm, and you don't need to farm
to own land; Farming with land you own is easier though.

I wouldn't have been able to take on that much here in Humboldt if the rented acres hadn't of come
along. I have no problem renting from retiring farmers, or from investors. It's just got to make
business sense.

Another thing to keep in mind, some of these investors have other goals - I.E. parking funds vs.
return on investment, vs. making a quick buck.

Gotta remember if this "fad" disappears, they have the option to sell at any time to the person
renting it... at fair market value.

**hedgehog** · Apr 11, 2012, 12:10

i thought that saskatchewan had laws prohibiting outsiders buying up land to speculate on .
what happened?

**Hopperbin** · Apr 11, 2012, 12:17

You will do well, at least your not paying stupid rent. And the land prices were due for the correction up any way. For an investor locking in a 10 year rental agreement I would think is long term or stupid as if he did want to flip it next year or two the 10 year rental agreement will be a tuff sell as your rent may be under the going rate in two years time. Who will want to pay more when there is only 3 percent per year gain locked in for another 8 years at the price he paid.

**ALLFARMER** · Apr 11, 2012, 14:40

In my view the only thing that will cause a big
drop in farm land value is a further (greater) melt
down of the US economy.

The US people may be living like the Chinese
and the Chinese living like the Americans were!

**cottonpicken** · Apr 11, 2012, 17:11

Could make a few arguments against that line of
logic.

Bubbles come and go,there is no rational that we are
there yet.

**ALLFARMER** · Apr 11, 2012, 18:21

How cotton do you see the US fixing it's
finances? Do you really think they will figure out
how to deal with their debt and deficit?

**cottonpicken** · Apr 11, 2012, 18:43

Thats the whole point i've been trying to make..for 9
years...here..

Currency debasement and cost push inflation....9
years!!!!!

This land histeria...