MONETTE FARMS land parcels for sale

[foragefarmer]

Cards are the big money for banks.
Not only consumer use and charges, but every time you pay with a card the merchant pay 2 to 4%.
The bank makes money on both sides of most sales that used to be cash.
Cash sale they make nothing.
Must be where the auction outfits got the idea?

I'm sure your wife added the big 5 to the portfolio years ago.?

[AlbertaFarmer5]

The first local land auction of the season just ended. Slightly higher than auction prices last spring next door. About 20% higher than comparable local auction prices two springs ago. Over 60% higher than land we bought almost adjacent four years ago.

No sign of a collapse yet.

Almost $10,000 nd acre. Well over 10,000 per arable acre.

[blackpowder]

No "collapse" in the foreseeable here either. Some rents a % of value as per FCC studies.....
Now the challenge is to put that equity to work outside of agricultural production.

[Crestliner]

A fool and his money are soon parted" is a proverb highlighting that
individuals lacking wisdom, financial literacy, or caution easily lose their wealth through impulsive spending, poor investments, or scams.
Careless handling leads to a rapid separation of a person from their funds.

• Origin: The saying is attributed to Thomas Tusser (1573), with early variations like "A foole and his money be soone at debate" or from Dr. John Bridge in 1587.

• Context: It is often used to warn against reckless spending, gambling, or falling for "get-rich-quick" schemes.

• Examples: Excessive spending on non-essential items, falling for scams, or failing to invest wisely are common examples.

• Meaning: The phrase suggests that people who do not think through financial decisions or who act foolishly with their assets will quickly find themselves with no money left
  .

The phrase emphasizes the importance of financial wisdom, caution, and proper management to avoid losing hard-earned money.?

[farmaholic]

The first local land auction of the season just ended. Slightly higher than auction prices last spring next door. About 20% higher than comparable local auction prices two springs ago. Over 60% higher than land we bought almost adjacent four years ago.

No sign of a collapse yet.

Almost $10,000 nd acre. Well over 10,000 per arable acre.

Back in the Ghetto, reality is the land needs to resemble the chance of carrying itself after a decent down payment or subsidizing with paid for land.
Some land in some areas is bought with " money looking for a home". Or, not with the intention on making a living with it. I stopped comparing apples and oranges, given all the variables of productivity, reasons for purchasing it, and what it ultimately ends up being used for.

Farming land to make a living on versus building private horse stables and a riding arena etc change the dynamics and what is expected out of it. One example, just saying.
Also location, location, location... proximity to large cities and in remote areas... the land's( and area) productivity which can increase competitive bidding.

[AlbertaFarmer5]

A fool and his money are soon parted" is a proverb highlighting that
individuals lacking wisdom, financial literacy, or caution easily lose their wealth through impulsive spending, poor investments, or scams.
Careless handling leads to a rapid separation of a person from their funds.

• Origin: The saying is attributed to Thomas Tusser (1573), with early variations like "A foole and his money be soone at debate" or from Dr. John Bridge in 1587.

• Context: It is often used to warn against reckless spending, gambling, or falling for "get-rich-quick" schemes.

• Examples: Excessive spending on non-essential items, falling for scams, or failing to invest wisely are common examples.

• Meaning: The phrase suggests that people who do not think through financial decisions or who act foolishly with their assets will quickly find themselves with no money left
  .

The phrase emphasizes the importance of financial wisdom, caution, and proper management to avoid losing hard-earned money.?

Very true words.
And those words would have rang true in the local land market at any time in the last 25 years.

Where does that leave the prospective buyer?

[blackpowder]

$7800 here a year ago. Demand still exceeds supply. All well heeled farm buyers. No oil either. Too far from any city..
Doing a new appraisal now so I'll let you know.
I see a fair amount changing hands in the next decade, but still don't see a change to demand even if multiple break-even years. Price, time will tell. Strong family ops will be majority here for 1 or 2 gens yet or more.

[jamesb]

$3700 here for per cultivated acre. There is a huge difference in price from place to place. In my area of south east Sask, for years $60000 per quarter would buy a lot of land. About 135 cultivated per quarter if no drainage work done. More recently land has sold for $500000 per quarter . This makes for over $325 per acre annual payments, if no money down. Land is cheaper for a reason. Too much rain, too dry, salinity issues, overland flooding, too far from the market, the list goes on.

[AlbertaFarmer5]

The area where this land sold doesn't know what a crop failure is. And if anything, getting better with climate change ( also known as climate improvement).
After the drought of 2021, an old timer from the neighborhood lamented that their yields had been seriously hurt by the drought. If I remember right, their wheat ran 78 Bu/acre.
For the first time since the 1920's. Not even the 30's impacted yields.
Just the highest hail insurance rates in the country.

[Crestliner]

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