Land prices

[sk_wheatking]

that happens now. its called rental units,apartment blocks and condominium projects. you must be joking right?

[BreadWinner]

They do!!!!! They own condos, apartment blocks, office buildings,malls, development land, etc,etc.
To devalue our land accets with legislation will only hurt us in the long term. It would take away a huge amount of leverage from farmers and we would be bottom dwellers again. Banks won't give you money to by inputs without collateral!!!!! If you can't afford land at today's prices start a different business Or starts saving like your parents did.

[sk_wheatking]

thank you breadwinner.

[BreadWinner]

Are some people just living with their heads in the sand, come on people get with the times. Land has to appreciate just like your inputs!!!!! The price of our commodities are the problem we just need more demand and I think that will come. There are more mouths to feed every day.

[jake550]

Unfortunately we are price takers for the products we produce and sell based on supply and demand (or so we are told). I agree land in SK deserved a little catch up in price but I think its now lost touch with the fundamentals of actually paying for it. Two years ago we were pricing new crop HRS wheat for $8.07 for fall (october 2013) delivery. Now we are at least $2.00/bushel under that. Our costs need a reality check and that includes the price of land.

[Hamloc]

Interesting debate. In our area the price of land in our area is now close to 4000 an acre. It has been driven up mostly by non farmers investing as well as investment funds and Hutterites bidding on the land. Non of these people help build communities as far as participating in local sports teams or charities. Young farmers have a hard time penciling this price. As farmers we are price takers and our inputs are controlled by near monopolies very risky. Our future rural communities and services will suffer.

[BreadWinner]

Rural towns have been on the downtrend since the 1920s. Once boomtowns are now ghost towns the trend has not changed. Better transportation and the draw of the big city has killed our small communities not the value of farmland. The rural communities have become bedroom communities due to the high cost of living in the cities they are not the economic hubs they used to be.

Inflation has pushed up the price of everything. Grain is now in the low part of the price cycle in my opinion because the supply is too much for demand but this will swing the other way quicker than most think.

[farmaholic]

Hamloc, $4000/ac???? Where? Adjacent to Calgary(development potential and speculation)? Farmland? Hard to believe you could grow regular field crops and ever make that pay even over the longterm? Will be a LONG time before that is a reality here.

[phoenix64]

Looks like ur beginning to understand wheat king!

[phoenix64]

Breadwinner how will legislation devalue farmland? Farmland was bid higher in 1980 with 2013 dollars adjusted for inflation, this when out of province investors could only own 320 acres and foreigners 10 acres?