Your farm is worth less than you think.

[blackpowder]

if the doomsayers on here are right and cash will become worthless and the stock market is overvalued, and real estate is dropping because of the upcoming economic crash, what would you do with that money from the sale?

I would pay off some debt. The rest would have to wait.
Problem is, once you're out of a particular asset class, you're out.
Completely out of real property and you're at the mercy of inflation.

[Sheepwheat]

if the doomsayers on here are right and cash will become worthless and the stock market is overvalued, and real estate is dropping because of the upcoming economic crash, what would you do with that money from the sale?

Lol. I think I’d buy fences, forage seeds galore, and a shwack of sheep. Buy many fuel tanks and fill them to the brim. Same with oil. Ammunition/reloading equipment, and all the guns to go with it. Get a modest solar panel setup. Would continue living like a king way out here.

Any money left over, I would give to my favorite charity that works to help the poor in Honduras. They are in dire straits right now being hit with two nasty hurricanes. We think we have problems? There’s some real hurt in other places that could sure use the help. We are such a materialistic bunch as a whole.

Ahh heck, maybe if money was useless, I would just give it all away if I knew far enough ahead of time... I don’t have a whole lotta needs. Gimme the ammo and guns, I’d make do. Lol

[dmlfarmer]

I would sell a couple outliers for sure. Keep the chunk at home. Play farm with my millionaire status. Fence her all! Plant more trees! Lol

if the doomsayers on here are right and cash will become worthless and the stock market is overvalued, and real estate is dropping because of the upcoming economic crash, what would you do with that money from the sale?

[Sheepwheat]

So if you were offered that right now you'd walk away?? Money talks Sheep.
I don't think you would based on your posts.

I would sell a couple outliers for sure. Keep the chunk at home. Play farm with my millionaire status. Fence her all! Plant more trees! Lol

[blackpowder]

Five g an acre? I’d bite. Ha. I’d bite really hard. Why the heck would one farm if you can get out for that kind of money? I just don’t see how it makes senses. Or cents?

So if you were offered that right now you'd walk away?? Money talks Sheep.
I don't think you would based on your posts.

[Sheepwheat]

Five g an acre? I’d bite. Ha. I’d bite really hard. Why the heck would one farm if you can get out for that kind of money? I just don’t see how it makes senses. Or cents?

[jamesb]

In my area in SE Sask prices have flattened a bit but prices are about three times what they were 25 years ago. Compared to some places we are pretty cheap with $1000 - $1500 per acre pretty common. In some cases existing surface leases are kept by the seller but what is common is the leases flip to the buyer after a period of years.

[Hamloc]

Can’t even find a good quarter to buy here.
Just a few poor quarters on mls. Central AB.
750000$ + per quarter and sold in a week if decent land

Yes I agree basically $5000 an acre here. Land just down the road sold for that this summer. Bare land, no slr, roughly 135 cultivated acres and had a 4 acre acreage out of it.

[GALAXIE500]

That price is double and then some, of anything that sells in our neck of the woods! However there is usually more rain in that part of the world than in the dry SW corner of SK where we live. I would suspect the land is better also. I will tell you one thing: If somebody offered that price around here there would be a LOOOTTT of land up for sale.

Just my opinion, and good for the people getting that price. It is nice to get paid well after a lifetime of hard work.

[ajl]

Clhbid had a couple of parcels in the Vegreville area not make their opening bid this summer as well. Both were poorer pieces as well but both were seeded this year so had been farmed. Guess the existing renter gets them for another year. The land rent paid on such parcels is zero which is why they were for sale in the first place. Actual paid rents are less than rumored as well. NW AB is becoming questionable as a viable farming region with the weather gone crazy so that is starting to show up in prices, although crops east of Veg were relatively good this season. Not records by any means but not bad. With credit availability overwhelming these days it is likely that financing is not a problem for any halfway viable buyer. This info does not get info an FCC farmland values report of course so they will be the last to know of a farmland values decline.