2024 Saskatchewan Farmland Study

[wheatking16]

We published our 2024 Saskatchewan Farmland Value Study.

You may find this interesting and worth discussing.

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[url]https://www.grainreport.klarenbach.ca/p/2024-saskatchewan-farmland-value-study-6da6[/url]
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[ajl]

Does your report come to a different conclusion than FCC? FCC, of course, has a horse in this race so it's credibility is suspect. It will always be higher at fcc. I watch auctions exspecially in AB. Some seems to sell steady and other parcels for less than it has been a year or two ago. Alberta parcels are hard to compare as few are selling and they are more unique.

[wheatking16]

My study focuses on Saskatchewan values and takes a different approach from FCC.

[jamesb]

We published our 2024 Saskatchewan Farmland Value Study.

You may find this interesting and worth discussing.

Or not...

The free signup gets you access.




[url]https://www.grainreport.klarenbach.ca/p/2024-saskatchewan-farmland-value-study-6da6[/url]
?

Thanks, an interesting reading. I think a pullback is probable, the question is how much. Land prices here in SE Sask doubled in a few years so a retracement is certainly possible. I would like to think that most farmers (land owners) have learned to become better financial managers than in the past. If there is a extended cash flow problem for a year or two, that land for sale down the road wont have the appeal and I think prices can slide quick. Land sales by auction have shown a slight pullback in the last 6-8 months and have for sure not extended their rise we have seen the past number of years. Question for me is : Will foreign money in some way shape or form try to buy into Western farmland for a "safe haven" to park money ? This could certainly affect things as our land prices here are still way lower than many places in the world and we are in a stable place.
The question too is that farm land rent values would have to come down too if land prices drop I would think?

[wheatking16]

Thanks.

It will be interesting to see what happens.

Today, Tim Hammond and I published our conversation on the topic.

The conversation provides additional context for the study.

[url]https://www.youtube.com/watch?v=Mv355rSr6n0[/url]