34 Quarters south of Grenfell.

[Oliver88]

$700,000 near Aberdeen, SK now. Not the best land.

[quadtrac]

A lot of people seem to overlook the obvious.
Land inflation like everything else.
Anyones guess for how long (like every other investment) but even with zero rent the last few years it’s been a hard investment to beat.

Not that that does farmers who aren’t selling much good but in terms of investments can’t blame folks for wanting to own good grain land.

Still think land prices make more sense than what combines and everything else has done in price.
Should I mention stone pickers?
Zero difference in how and what a stone picker is in the last 25 years a 7200 Degelman is still a 7200 Degelman
But the price has at least tripled if not quadrupled.

Biggest mistake being made in the “over priced” farm land is the local farmers that stand there when something is open and fair to the public like an honest auction and watch outside investors buy it.
But then rush out and bid each other up on rent.

[ajl]

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. 😉

$4500/ac for land at Shaunavon? What were yields like around there the past two years? 10 bu/ac.? Gotta lay off the hard drugs. Where was the cash coming from for this? FCC. I rent marginal land and one field I rent produced 53 bu/ac of oats last year because it did not rain there after July 1 so a crop that looked good produced well under what the expected yield. It is solenetzic and normally oats do relatively well on that type of land and I would have expected 80-100 bu/ac on it. No way I would pay $2000/ac for land like that. My other field of oats (also rented) in the same area was 60 bu/ac for the same reason so there was a small crop insurance claim but still.

[BTO780]

On Telemiricle the saying is “where are we going .. higher”.

Everything is out of control and until the buying of all high priced land and equipment stops or slows the arrow will continue in an upward direction. Interest rates aren’t slowing this down so not sure what will?

Doesn’t matter to me, I’m done buying. I have everything I need. Maybe time to cash in.

[Robertbarlage]

Mother nature takes care of high prices eventually.

[Taiga]

Land looks like a bargain compared to equipment, no way these equipment prices make economic sense in a farm operation scenario where you are a price taker and can’t raise your selling prices to accommodate the increased operation cost.
Land, well you can always sell and buy in a lower priced area, but regions are valued different for a reason.

[newguy]

Mother nature takes care of high prices eventually.

mother nature taking care of farmers not buying land is what got the investors interested in the first place.Land prices no longer follow demands from local farmers wanting to expand.

[TSIPP]

If the high rent dries up so do the investors.

[makar]

Am I they only one here who lived through 1981 and survived with there memory intact ? History repeats itself.

[TASFarms]

Am I they only one here who lived through 1981 and survived with there memory intact ? History repeats itself.

I wasn’t very old then. It’s hard not to look at how things were in that era.