2024 Saskatchewan Farmland Study

[furrowtickler]

I want to absolutely challenge anyone in the industry that says farm land is a bargain, or that farming is easy , to go buy a couple thousand acres, with just even decent used equipment at todays inputs and crop prices
you will be crying within 18 months 100 % guaranteed
and most likely lose everything you ever had
Good luck
my bet zero takers

[TSIPP]

It kinda worked in the late 90s but still needed a really good paying off farm job, I would definitely not try it now, I’m not taking that bet.

[cropgrower]

i have a catalogue still from over 20 years ago , that the realtors gave out when they came to Ireland looking for buyers for farms , the prices listed are almost unbelievable now , i must dig it out and post a few pictures , in 08 i sold 6,000 bushels of canola at 16$ and bought a good quarter of B land for 75,000$ , over 150 cultivated acres
our dollar is worthless now , compare the price of gold then to now

[blackpowder]

If I think about it.
I was constantly derided as a farmer in the 80s, 90s and 2000s for; govt handouts, supposedly not paying taxes, crop insurance, and constant complaining. Purple gas fits in there somewhere lol.
Scoffed for my ROI compared to oil buddies. Envied by every salesman who added up the bins or the machinery. Lusted for by divorce lawyers under the same reasoning.
Called a screw by siblings after they got life insurance and I got land they had left!
Now the govt wants more again.
I refuse to be embarrassed by the price of land today. Higher is fine with me.

[blackpowder]

Farming was never a bargain and never easy. Don't listen to that crap.
It's always been about equity and timing. Risk and sacrifice. (Although I will say, sacrifice is missing today)
People I see "starting" today have the equity, they'll be fine. If they're smart, as always.

[jamesb]

I have never really considered the land as an investment. It has always been a means to produce grain to sell and make money. Most farms in western Canada are multi generational and most would no trade what they went through for another career. Its the same as someone buying houses to flip versus the family buying a house to raise a family and grow old it. They are not really looking for appreciation until they are ready to sell when they move on.

[furrowtickler]

If they believe Sask farmland is a bargin , I will sell out tomorrow at 25% over current values and walk away giggling