Got a chance to buy a chunk of farmland. Wondering what is the going price of farmland in $/acre and times the assessment. Thx
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Think people will need to know the area. $500-$4000 an acre -
Area is big need to know!
Also if drought is back wait!Comment
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Waiting may not work, sometimes these things only come around once in a career.Comment
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Prices went up here with a great crop!
Rent will up due to sure crop area. 1/4 share will gross a $80-$100.
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History shows if land payments are less than 2 times rent would be .Buy it.If over 3 times do not.Between 2 and 3 times is a personal reasons to buy or not.Even if you are using your own cash this is a very good long term way to know how much to pay.Comment
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New guy. Over what payment terms. 20, 25 or 30 year loan on owning?Comment
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Seen a guy from Alberta explaining this.Not sure how many years.That does make a difference. Try to go with 30.Thought he made way more sense than anyone else trying to explain how much is land worth?Comment
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In Eastern sask The premium land I know of is selling for top dollar around 3.4x assessments.Comment
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No drop in price anywhere around here. Higher than ever.
East central Sask.
$400-$500 an acre 10 years ago is now $2,000 to $2,500 an acre.Comment
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