Friday end of the Week Wrap up on a Thursday.

[STR1]

Well I know I finally last Sunday was out of Quarantine and it feels great. Two weeks and the ankle bracelet came off. To whoever phoned the health department on me for going straight to the farm and working with the dog you are lower than goose shit on the ground. Hope it makes you feel really big and powerful.


Carol Baskins!!! LOL

[SASKFARMER]

Could be Carol she lives in Florida. The Bitch.

HAHAHA

No its a divorce across the street and she is bitter. Oh so bitter.

[farmaholic]

Could be Carol she lives in Florida. The Bitch.

HAHAHA

No its a divorce across the street and she is bitter. Oh so bitter.

Why so bitter....she got a house to live in.

[SASKFARMER]

Nah it’s not her.

[Ab7]

You can go too far on iron all you want, but if it doesn’t get dry enough to combine, 7 combines per acre is still not enough! Lol

And despite the lower land prices, trying to find more available land in this area is like trying to find a black angus bull named Jim, who produces 20 gallons of milk a day. It just doesn’t happen...

In that case, I would suggest to you that the open market price is probably a lot higher than
You think. Lots of investors would buy land anywhere if they can generate 3.5 to 4, lots are even happy with less with these low interest rates

[farmaholic]

In that case, I would suggest to you that the open market price is probably a lot higher than
You think. Lots of investors would buy land anywhere if they can generate 3.5 to 4, lots are even happy with less with these low interest rates

I think a day of reckoning might be coming for speculative land investors, even land investors who are only looking for a "safe" place to park money without the expectation of near double digit ANNUAL appreciation. The sobering reality is the safe haven investment mentality in land will be shattered if and when it drops in value....which it can. Then throw in the possibility of it not generating much rental income when you can't find a tennant or one willing to pay the landlord more in rent than the tennants are netting themselves....which can happen.

It's happened before. But I suppose this parabolic run up "might" be different. Some have already enjoyed exponential growth...but those were the people who came to the party early, we are already seeing growth rates slowing, if not plateauing, if that is the top of the curve, it has three ways to go...which direction do you think it is going to take?

I really do think people are paying more for farmland than it is really worth. Seems they aren't taking productive capacity into account in relation to price. Once farmland losses its speculative appeal(which I think the top may be near), no longer provides a competitive ROI through rental income in comparison to other investments, cannot find tennants, etc. ....price might fall closer to it's ability to pay for itself by it's productive capacity.

What might keep values up for a while is farmers who will grab the piece of land they always wanted beside them, or that elusive quarter to finish off that block, or that one quarter that will connect two other pieces. Seems farmers are last to buy BEFORE the correction.

If the right stuff comes for sale based on the preceding paragraph, I just might grab some too, then the rest of the prophecy will become reality...

Does it really matter what your land is "worth" if it isn't for sale? Unless it is the "collateral" backbone of your financing and operating plan.....Op loan, LOC, mortgage security, etc....

[SASKFARMER]

It's like our area the only time land changes is when some relative quits and phones you or if a neighbour likes you, guy you golf or curl with or if someone passes and you get it. Land grab happened by the teacher's pension plan with Redland then the gov changed the rules shortly after. Now we have a Dot Com guy south that is happy to just play on what he bought and a guy to the west who I'm not sure knows what he wants. Rest is just your average joes. Ranges from 1000 acre farms to 30000. It's about where you're happy to sit at. Chinese offered me a bunch to the north where I don't like to farm. Not interested I said its work.

Its Saturday one neighbour yesterday tried his standing pod shatter canola. Slow going but he did a few trucks. We are going to head west and maybe get three quarters done this weekend.

Harvest 2019 continues with 19 to go.

[sumdumguy]

Did the pods shatter? This was the ultimate test, 8 months standing.

[SASKFARMER]

What we have left is all liberty pod shatter and it looks like it overwintered real good. Theirs I think is RR pod resistant ill ask if I get a chance.

[RD414]

It’s Friday today, Sasky. Had to read your post twice, combining, everywhere I’ve been to in west central has lots of snow. 10 th of April and we have excellent sledding. I just love having to combine while seeding. Oh well, good luck on your harvesting this weekend.