Nobbs RB auction ..

[furrowtickler]

Did all the dirt sell to one buyer ? Huts ?
Lots of big new iron sold there yesterday

[farmaholic]

That was an amazing block of dirt. Something to strive for but can be pretty tough to do in a competitive environment.

How much more would you pay for the missing piece of the puzzle or something that fits nicely into your farm? What's the furthest you want to, or will, travel to farm a quarter, a section?

[furrowtickler]

One buyer bought 20 or so 1/4's one shot at $340,000 per 1/4. Not sure if that's high or not for the area. Plus the yard after.
Big tractors and combines sold for about the 1 or 2 year depreciated value .
BG air drills were apparently a deal

[Ache4Acres]

I was surprised at the price. Seemed low to me. That's Alberta land!!!

[sumdumguy]

Banks must be lending money. That land is cheaper than Saskie quack grassie.

[mcfarms]

Theyll be lending sad to say but currently AG is maybe the safest place for them to be lending too. Rate of defaults on Ag money vs oil money would be a real interesting read these days.

[bucket]

Seems odd that the best place to park money is land ... according to some experts.....and yet these guys are selling out?

[furrowtickler]

Many reasons I would think , but ya bucket I often wonder why some are selling and the next can't get enough . Depends where you are in life I guess .

[farmaholic]

...maybe he is burnt out!

[hobbyfrmr]

Farma, interesting observation. Maybe he is burned out, or just tired of taking the risk, or retirement age or not enough employees. There can be a long list. I dont see much wrong in cashing in at the end if the run. A carpet store of KFC owner/manager may build up multiple outlets (quarter sections) , then sell when they think its time.
The gossip on the street is a very good farmer in the neighborhood rented out because it was stressing him out too much. Fair enough, I can respect that. Another very good farmer rented out because he had a specific timeline to retire. He reached that time and followed his plan.