Auction of 34 quarters south of Grenfell with feedlot starting to close in 2 hrs. Team auctions. Looks like mediocre land and this type of ground will be the first to go down in price so this auction is worth watching. So far it is looking like down is the new trend in land prices but there usually is a lot of bidding near the end.
-
-
Is that the Nilson Bros auction?
They own land all over, have several townships near me. -
Yes it is and yes not very great landComment
-
Like a cousin said years ago on a road trip in sask checking out farms, if you see cows just keep on driving.Comment
-
What about horses? Better sell the pony, it may reflect badly.Comment
-
A recent sale in the Shaunavan Sk area reportedly brought $4500+/ acre for multiple quarters. Bidding war between a Hutterite colony and the singing brothers I was told. Lots of cash buying land as it seems rising interest rates haven’t slowed anything down. Large farms just getting larger. Some unbelievable farm infrastructure being built as well would indicate an abundance of optimism in this industry and maybe a wee bit of disconnect. 😉Comment
-
There was one quarter north of Shaunavon that went for $5300/ac.Originally posted by Highlander View PostComment
-
An abundance of oil and gas revenue never hurt the land prices down there either.Originally posted by Highlander View Post
Comment
-
Angelic bought 3 quarters for over $400000 a quarter, guys better jump on renting it.Comment
-
Quarter out may way of decent quality went for 690000. Some Alberta guy bought it. Thought perhaps Angelic but he doesn’t generally spend that kind of money on land. Works out to just under $5000 per cultivated acre with a few wells to boot. To get 8% return he’d need to rent for $325 per acre. Wonder if it’s Chinese money cleaningComment
- Reply to this Thread
- Return to Topic List
Comment