Land values in your area?

[farmaholic]

Do you want it or don’t you?
Sometimes you just have to put the pencil away on a piece of land you want.

I hear you loud and clear quadtrac, But sadly for some people its come to this: They may not have the money to "buy it down" to a point where they can borrow the rest and it will pay for itself. Or may not have enough equity in the land they own to "subsidize" it. It's all gone past the point of making sense.

Another point, Saskatchewan wasn't Alberta where there was money floating around looking for a home. The ****ing land had to pay for itself! I find it amazing how people think land is such a good investment but needs to be subsidized for owning it to make sense. Oil money, cattle, off-farm jobs, custom work with machinery you already own, old money......

[farming101]

Yeah the highest that has sold in this area was 6.3 X 2016 assessment. $400 000 for a pretty marginal quarter.

Wow, this one was a deal then. 3.58X 2016 assessment 526,200

[farmaholic]

[ATTACH]2404[/ATTACH]
This is what it looks like.

SW...is there eroded knolls on that quarter?

[SWFarmer]

SW...is there eroded knolls on that quarter?

Yeah there are some eroded knolls. Definitely isn't perfectly flat. There is also some salinity in the sw corner.

[vvalk]

Do you want it or don’t you?
Sometimes you just have to put the pencil away on a piece of land you want.

Multiple sales now in Alberta not by cities at $1M per quarter dryland and $2M+ irrigation. ✏️ that out

[farmaholic]

Multiple sales now in Alberta not by cities at $1M per quarter dryland and $2M+ irrigation. ✏️ that out

This would require WAY more details....

Feedlot looking somewhere to spread bullshit? ;-)
Gravel quarters?
OilCo purchases?
Mega lease revenue?

Help please!

[vvalk]

This would require WAY more details....

Feedlot looking somewhere to spread bullshit? ;-)
Gravel quarters?
OilCo purchases?
Mega lease revenue?

Help please!

The $1M dryland is just normal land by taber where you can grow pulses like chickpeas. Also heard land going that much by acme in central Alberta
As for the $2M yes this is in feedlot alley but also south of lethbridge. Lots of dryland selling for $800k to $850k per quarter all over the place

[blackpowder]

Some on here insist on not believing. Like I said, the pencil has nothing to do with it. Hasn't in years.
Friend of mine bought land in Sask for $100/ac 15 or so years ago. Where was everyones pencil then?? Rental income now that.
You cant waste your bona fide opportunities in denial. I did at $500/ac. (Fd bly was $1-$2) Didnt pencil.
There are definitely a FEW buyers here who will be just fine.
Being prudent is not the same as denying the facts.

[farmaholic]

Some on here insist on not believing. Like I said, the pencil has nothing to do with it. Hasn't in years.
Friend of mine bought land in Sask for $100/ac 15 or so years ago. Where was everyones pencil then?? Rental income now that.
You cant waste your bona fide opportunities in denial. I did at $500/ac. (Fd bly was $1-$2) Didnt pencil.
There are definitely a FEW buyers here who will be just fine.
Being prudent is not the same as denying the facts.

Please refer to post #51 in this thread.

Politely asked for a possible justification of the quoted prices in post #56 to try to help it make sense for my "simple" rational thought process.

Not calling anyone out but I have no way of verifying stated "facts" that I am reading on a public internet forum equivelant to a digital coffee shop. Non believer? Denier? At face value, for me it is simply hard to fathom. Everyone is entitled to their opinion.

Edit....some sales situations may even be described as anomalous

[farming101]

Negative waves?

What's the difference between now and 50 years ago when dad took out a 30 year loan and planned to use the full 30 years to pay it back?