More about Land Values

[LEP]

Read the following article and the next post about this city slicker
buying a quarter north of Yorkton.

While it is alittle long the dialogue and comments are hilarious.

It is evidence, how a few stats and a small amount of knowledge are a
dangerous thing.

http://www.freedomthirtyfiveblog.com/2012/10/why-invest-in-
farmland.html

[hobbyfrmr]

There are a lot of people in Canada who earn a lot of money.

I just learned a phrase from a neighbor who is in the middle of the parents' estate plans with his non farming siblings.

"nobody wants to farm, but everybody wants the farm."

This is a good blog for bucket to participate. He will sell his farm for the price he is expecting. Good thing you posted this.

[hobbyfrmr]

I read a little more abot this person blogging. Male, mid twenties living in Vancouver and his day job salary is $35,000/year. I give him credit for having collected enough money for the downpayment!

[ajl]

Actually he had to finance most of the down payment at 5.25% on a line
of credit. Why do people calculate the per acre price with the waste
acres in? What is he going to do with bush or slough. Who is going
to farm this land after the current renter retires in two years?
After the winter from hell I imagine people trying to get out of SK.
This will be a learning experience for this investor.

[grrrr]

Judging by the comments, there are a lot of "know nothing about farming yahoos" out there who are looking to be our masters.

[LEP]

My thought exactly. A 2% increase in interest rates and
this guy won't know where to look .

Also comments like he expected his rent to increase
2-3% a year.

Also there was a comment from someone, what do
farmers do when the land is frozen. Thats right buddy
if it didn't freeze I would be working the ground every
month of the year.

[bucket]

hobby

Why don't you hurry up and buy my land for 1200 an acre and resell to these ****ing bozos for 1500 an acre.

Then we can sit back and wait for it to be 300 an acre again and get the real farmers back in like our sons/daughters.

I would hate to see what happens if george soros and brett wilson jumped off a bridge. For sure they would have bungee cords attached, the people following would just jump.

[hobbyfrmr]

Bucket, Originally it was $1000.00/ acre and then
within days price increased to $1200.00 per acre.
I don't chase moving targets.
If you are in the selling mood, that blog had
people interested in owning farmland. The young
guy described all the math involved and it looked
so very appealing.
I think my big investment will be one of those
floating slough pumps and hip waders!

[bucket]

hobby

You are really taking the fun out this.

Apparently that is the way people get more interested is by increasing the price not reducing it.

Somewhere we are going to find the big fish.

Now for christ's sake, help me fish.

[bucket]

Oh shit, and thanks for reminding me, I have to get one of those floating pumps too.