Money in Bank vs Owning land? I think the tides have turned.

[Braveheart]

Re land prices, the wild card affecting values will be interest rates. Every rise makes repayment harder and will cause some slight drop at current rates. However, case by case as land is priced by who wants it and how bad.

[newguy]

Land prices also follows population.as long as we continue to grow that will pressure prices up.People Bring money...Money brings people..Not the only thing that dictates prices but sure has an influence.

[SASKFARMER3]

Ok lots of comments.

But the question is if I sell example property that’s owned and paid for and put money in fund I get a return of on average $100.00 a acre. My question was how long will people be able to afford 100 a acre rent and we’re back at 50 or less even taxes. Yea some of you don’t realize that wasn’t that long ago.

I might be ahead of the curve again but reality is if we sell and enter this system and land goes up oh well. But if your betting on land going down you might buy the same property back and still have half your cash for other stuff.

Farming in Canada is not a big profitable venture. Slow and steady you put some away and land does go up in over 60 years.

Just wondering if the investors will pick up on this, or is it still sink cash into land from a foreign country then move it into the banks.

Farmers are usually the last in the game.

[Braveheart]

When you say you're ahead of the curve you're already behind it.

[Braveheart]

Didn't Shumachets (outstanding farmers winners) try that strategy?

[jamesb]

As the third generation to operate our farm it has always been the idea to grow the size of the farm. It is well understood that generally more acres are needed to be viable. The farm has bought land through the decades not as an investment but as something that can create wealth for the farm. The idea that the land appreciates in value is expected in the long term but there has never been the intent to liquidate the land at some point. The next generation will be farming the land and the succession plan should give me a decent retirement income. In my opinion it would be a shame to expect the next generation to pay market price and put themselves behind the 8 ball. I saw this in the 80's where the son bought out the dad and within 10 years or so the farm was gone.

[grefer]

I saw more of the son using his dads assets for collateral for loans they shouldnt have been given and then it all went in the toilet. 50 something parents with only the home quarter left in many cases and the son moved on to some other occupation. Sad to watch.

[malleefarmer]

land always.

housing bubble hasnt burst here sydney some of most expensive real estate in worl is in worrying decline and rest of aust will follow

[LEP]

land always.

housing bubble hasnt burst here sydney some of most expensive real estate in worl is in worrying decline and rest of aust will follow

Mallee, you back on your feet after the piss up at Wynarka?

[Guest]

Going by the chart guess we bought at the peak of 1982.
21% interest to.
Wheat at that time was $8.00.
Inputs sweet tweet compared to now.
Loan was paid for 3 yrs.
Neighbors lost theirs to banks and bought back for half price..
Some will fail regardless of price.
Some will survive regardless of price.
Management is key.

like, like, like , like
happened all around us
it's all about pride in ownership, some have none