Land sale today

[seabass]

Got a few sales coming up in the new year. By the sounds of it prices arent going down yet. Eventually shit will hit the fan and a major correction will occur and take some good farmers with it. Unfortunately!

[freewheat]

My banker said prices are certainly dropping round here.

Was talking to a friend west of us yesterday. Chinese dude who knows it all bought a bunch of swamp from a neighbor of his. Barely 100 acres a quarter, potholes and swamp. Chinese guy bought in winter when the land looked like Melfort land.

Long story short, Chinese guy lost his shirt, no one would rent it, and he sold it for pennies on the dollar.

Few more of these stories should clear up the mess!

Anyways, I am a firm believer that land is gunna go CRASH, like we have never seen before. A few missed stupid high payments is all it takes.

[BTO_farmalll]

FreeWhit,


And you'll Still Be on The SideLines Complaining Land is Too High!!!!!! Say Hows That Fence Comin, Wife Probly Wants Ya Outta The House By Now!!!!!! Like Geez Go To The Barn and Milk Some Goats Already With That Attitude!!!!!!!!!!!!!

[freewheat]

Whatever, you can buy the 2000 dollar an acre land, suit yourself. I am not that insane.

[BTO_farmalll]

Thought it Was $600 In The Wadena Hills Area????? Seen That Printed!!!!!! Whats $2000 an Acre Land????? Halfs Sellin Here fer $2,336,000!!!!!!!

[ado089]

Good thing I got my dates mixed up. Saved my self a trip home. I wanted to hid on that quarter just to stir the pot. Haha.

[farmaholic]

BTO, Is that why you're sitting on the sidelines complaining about the Hutterites?

[sumdumguy]

This sounds like land robbery, not land sale.

[ajl]

Freewheat there was a quarter with 111 ac cult. in your area sold at Ritchie in Saskatoon for $99000 last week. Is that over or under the going rate in that area. Seems cheap relative to other areas.

[freewheat]

Per acre it is a bit high. But those acres are CRAP. Marshy junk n the pothole zone. So not ony few acres, but the impossibility to farm it with any level of efficiency. The picture used to advertise the land, was not even close to what it really looked like. Hasn't been farmed for several years. Ready for organic??? lol.

My banker at the peak of land prices said around 1000 bucks was the high. Trending down now, for good reason. A lot of money was spent (on iron) these past few years, and now with more normal prices, land will go down, as guys struggle to pay for that steel, IMO.

I personally think that is a really STUPID price to pay for land like that. Sure the soil is good, but oy what a mess!