Is your farm in the realty business?

[bgmb]

Good way to ensure you wont be farming for much longer

[lakenheath]

How old are you hobbyfarmer?

[hobbyfrmr]

Lake, I am 44 today.
Good for nothing and hard on food!

[parsley]

A solid mighty land base is essential for a culture to survive. pars

[farmaholic]

What did you say hobby? Good hard on and food for nothing? Oh no, I forgot, thats conventional farming. (That's your last sentence a little jumbled up)

[bluefargo]

Bgmb hit the nail on the head. The idea of selling and leasing back is just bad business. I wonder what the young couple from Mossbank are doing now. When I first read their story I was incredulous. The strength of many farmers is the land they own. I know there is other business models but I still feel every farmer should own some land.
Our ancestors didn't come to this country to be serfs. Why would you give the privilege and profit of owning to someone else ?

[Nudge]

Norm has bounced around in several positions as has his wife Laura who is now with basf. I would imagine the decision was based on the value of land at the time and the possible future growth in value was not considered. They sold just before farmland really took off. It would be worth 3-5x today. Just because an idea is new or novel doesn't make it right. I can't imagine how much sleep they have lost over that. Ownership is a great store of wealth. Don't give it up.

[Nudge]

Norm has bounced around in several positions as has his wife Laura who is now with basf. I would imagine the decision was based on the value of land at the time and the possible future growth in value was not considered. They sold just before farmland really took off. It would be worth 3-5x today. Just because an idea is new or novel doesn't make it right. I can't imagine how much sleep they have lost over that. Ownership is a great store of wealth. Don't give it up.

[freewheat]

It is not a "business model". It reeks of desperation for working capital, and the desire for shiny things.

If you want shiny things, borrow against the land.

[hobbyfrmr]

I truly don't know the end result from that venture. I would imagine they gained wealth in cash and possibly non farming assets. Farming is not everything. Buying houses in Regina or Moose Jaw 15 years ago with farm income has proven to be just as rewarding as the recent uptick in land values.