Not Every Farmer Has A Bad Attitude ... JB

[farmaholic]

Farma, the link is for non-residents. Likely this BC company has a lot of Chinese investors.

If your children or grandchildren are still Canadian citizens shouldn’t a 400k land sale be capital gains tax free if you haven’t used up your limit?

Yes that link was definitely for non-residents, I don't know if all real property is treated the same; residential and tennant housing, commercial, or Ag land.

I'd bet the farm there is no inheritance tax for Canadian residents and can't say for sure how taxes would be assessed on inherited land that no capital gains taxes have ever been paid on.

Too sleepy to dig deeper tonight.

[Klause]

Northern areas reverting to muskeg is what you are referring to? As to population growth, the wild prediction are not going to happen and there will be less growth than earlier predicted. Worse yet, they will not be consuming western standards of food. As living standards decline for many, food waste will also decline as restaurant meals in particular get reduced. Another trend that is happening is the slow shift to plant protein away from animal. This feeds many more from an acre of land. Beef will and is becoming a delicacy to be consumed only on special occasions.

Agree on the population growth.

Disagree on the consumption of food stuffs.

While our living standards have plateaued and are starting to drop off here in Canada especially, but also in North America, elsewhere people are trying to catch up.

For instance, https://www.cnn.com/2018/12/11/health/the-beef-with-beef/index.html beef consumption in Asia

Or https://www.globalmeatnews.com/Article/2017/07/24/Russians-are-beginning-to-eat-more-meat The rise of beef consumption in Russia


Of course, you have the western post industrialists claiming the world will end if we don't stop eating meat... and you have the trends in our cultural-sink populations of switching to "alternative" foods...

The big problem is that commodity run up unleashed a land-rush to bring more and more acres into production. The myth being sold here in Canada that they don't make more land is utter bullshit...

And as these acres come into production, and the infrastructure to support those acres is built, the new technology reduces their costs over ours.

It's something to watch.


As far as land being overpriced... Compare the value of a house in Las Vegas, or a small town outside of Houston to the price of a spec home in Saskatoon or Toronto... Don't do it in currency. Convert both values to gold and compare ounces of gold required to buy a home.


Then try to rationalize our housing values.


Something else that has happened in the past decade is food inflation - Europe used to be far more expensive to live as far as groceries, restaurants, etc but not anymore. I have friends that spend the winter in France and Germany, we compared grocery bills a while back and in absolute terms its 20% more expensive to eat and cloth yourself in Canada vs. EU.... Wow.

Sorry, ran off on a tangent.

[ajl]

Lots of good info there Klause. Lots of brush piles to be burned around here yet too. Last winter there was brush pile smoke in the air as people were creating more farmland here as apparently they are in the rest of the world as well. So more farmland being created every day. Edmonton here is showing the signs of over building with new condo for rent sign everywhere now finally. Took a while. Real estate in Canuckistan is currently the most toxic asset on the planet. Prices don't seem to drop because speculators are confident that the loon drops to $0.35. They may still be right.

[jazz]

gdr, there is no new family that is going to come in and farm it. There are no new farm families around here. The local BTO will just scoop it up. If its sold the money will just get blown.

[Oliver88]

gdr, there is no new family that is going to come in and farm it. There are no new farm families around here. The local BTO will just scoop it up. If its sold the money will just get blown.

You are correct, if sold by non farm children $ will be blown on luxury items like new vehicles or a cabin at the lake. I would think a South African family would be a good candidate to move in and buy a complete farm if they can sellout in SA before getting killed.

The barrier for entry is too large to overcome for a non-farmer Canadian couple to start full time grain farming from nothing.....not to mention the work ethic of millennials now. 🙈

[AlbertaFarmer5]

You are correct, if sold by non farm children $ will be blown on luxury items like new vehicles or a cabin at the lake. I would think a South African family would be a good candidate to move in and buy a complete farm if they can sellout in SA before getting killed.

The barrier for entry is too large to overcome for a non-farmer Canadian couple to start full time grain farming from nothing.....not to mention the work ethic of millennials now. 🙈

Who says they have to start a full time grain farm from nothing? lots of other options, livestock, market garden, nursery, organic, tourism, niche native grass seed, or the best one I've met lately, organic dairy goats. And around here, lots of people that would kill for an opportunity.

[GDR]

gdr, there is no new family that is going to come in and farm it. There are no new farm families around here. The local BTO will just scoop it up. If its sold the money will just get blown.

Agree it is very rare someone from outside the industry is gonna buy and run a modern farm. But often more than one child would like to take over the family farm but it only has room for one, lots of kids forced out of ag because of lack of opportunity. The BTOs can rent for premium dollars and out compete to no end but if they had to purchase it all would be a different story, thats kinda what i was getting at. The family farm is dying, taken over by the BTOs who are more businessmen than farmers. Its a losing battle I know, its just disappointing to me!

[Sheepwheat]

Who says they have to start a full time grain farm from nothing? lots of other options, livestock, market garden, nursery, organic, tourism, niche native grass seed, or the best one I've met lately, organic dairy goats. And around here, lots of people that would kill for an opportunity.

Grain farming is the only choice in western Canada. We all know that.

[AlbertaFarmer5]

Grain farming is the only choice in western Canada. We all know that.

I forgot, we need to discourage anyone from sheep or organic. Stay away from sheep, the coyotes will eat them all, fencing will break you, neighbors will make fun, probably all die from some disease, may require going outside in winter, can't go on months long hoidays, don't get to sit in an air conditioned cab watching computer screens all day, stick with grain farming. There, is that better?

[Sheepwheat]

I forgot, we need to discourage anyone from sheep or organic. Stay away from sheep, the coyotes will eat them all, fencing will break you, neighbors will make fun, probably all die from some disease, may require going outside in winter, can't go on months long hoidays, don't get to sit in an air conditioned cab watching computer screens all day, stick with grain farming. There, is that better?

Close. You forgot the part about raising something Canada can not produce even half of domestic consumption of. And yes, they always die. Daily. They die. Coyotes line up at the million dollar fences waiting for their break...😀