CPP buys Saskatchewan's Assiniboia Farmland for $128M

[ALLFARMER]

http://www.cbc.ca/m/news/#!/content/1.24
61131/

$1113/acre

[ALLFARMER]

Well here's the article:

The Canada Pension Plan has signed an
agreement to acquire the assets of
Assiniboia Farmland LP, a fund that owns
farmland in Saskatchewan, for $128
million.The deal is expected to close in
January. Founded in 2005, Assiniboia
owns about 115,000 acres of Saskatchewan
farmland, one of the largest investable
farmland portfolios in Canada.The land
mainly produces wheat, barley and
canola.It was only last year that CPP
launched its agricultural investment
program, initially targeted at buying
farmland in Canada, the U.S., Australia,
New Zealand and Brazil."“Farmland is an
attractive asset class that has
historically delivered stable, risk-
adjusted returns and the global outlook
for agriculture in general is positive
due to increasing demand for
agricultural products," CPP's senior
vice-president of private
investments André Bourbonnais said in a
statement.The Canada Pension Plan
Investment Board manages $192 billion in
assets that will at some point pay
benefits for 18 million Canadians.

[SASKFARMER3]

When govt start buying the boom is over

[fjlip]

That's less than 1/1000 of the 192 Billion, drop in the bucket. Why so cheap? Crappy land?

[food4u]

Is this the federal version of
Saskatchewan Land Bank.... hope not.

[hobbyfrmr]

I agree with SF3. My observation is government
steps into projects just as the wave has crested,
and started downward. Usually, taxpayers money
goes that direction as well. Standby, 5 years from
now there will an investigation into this "scandal"

[bucket]

I went out and had a couple beers last night. I didn't realize there was a time warp/bizzarro world effect any more. 2 beers that's it.

Rocking Roddy Flaman is back in the wheat politics as a director of the wheat commission.

And the government is buying land from investors.

Holy shit is all I can say.

[wmoebis]

bucket:
Rocking Roddy Flaman is back in the wheat
politics as a director of the wheat
commission.

Where did you find this info? I was
looking to see if results were posted yet.

[bucket]

Just wait for it.

[bucket]

I was reading the voter's package last night didn't even know he was involved.

More than likely the left has this sown up.

I don't mind having these guys at the table as long as they add balance and not **** it all up.

I think the returning of ballots was too short.

[furrowtickler]

This is the third investment group to bail out -
smart money out dumb money in

[SASKFARMER3]

In our area one earth gone gone gone! Broad ass
getting out all over our area on rented land! Got
out of large land purchase last spring.

[malleefarmer]

reckon you guys are 18 months behind austral land peaked in proably early 2011 and has since come back 15 to 20% but has stabalized

and if your wondering why ive added another 1600 acres and my bank manager asked "how much cheaper do you want land to get coupled with low interest rates no brainer" was a eoi 9 put in a bid got notified more money required not from I declined then got notified a few days later I was highest bidder done deal.
$363 per acre a few years ago would have made $480/500

[furrowtickler]

I reckon you are correct !!

[ALLFARMER]

Good on ya Mallee!