AJL. Forgot, it would be VERY good cattle/sheep land. Inexhaustable water.
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Interesting to hear what land sells for somewhere else. Tired of hearing the prices here and thinking they may have peaked? But aren't going down.
Way, way more cash in hand than land for sale here. Rents, same thing. Guys on it like angry hornets over $100 starting.
Rents may fall a bit with prolonged low prices, but land here will not. I Betcha.
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no real relevance but land has been easing in Australia for 2 years mostly down about 15% from the high but has stabelized
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Alberta's oil economy is driving land prices not farming, I think....
The other thing that enables high land prices in an area is well heeled established larger acre farms who can subsidize overpriced land with paid for land. Then the possibility of lease revenue or mineral revenue or fingers in the patch on top of that.
Would be a nice position to be in.
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