Land values in your area?

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Land values in your area?

fjlip's Avatar Dec 19, 2017 | 12:30 31
Quote Originally Posted by AC man View Post
Farma, I have no kids due to being married later in life. I do have nieces and nephews,also step kids which are all in cities. I have nobody interested in taking over. If I don’t sell it will be rented out. We have all the kids in our wills for inheriting the land. I was hoping there would be a family member to take over and keep it in the family.
We have the choice of "giving while alive" and in an estate.
If we give, we see them benefit/enjoy fruits of our lives, in estate, we will never know. Reply With Quote
blackpowder's Avatar Dec 19, 2017 | 12:50 32 When wrapping your head around 5k land put down the pencil. You want it or no. If yes, you can afford it or no. Simple. And believe me the money does change hands. The price of grain (at least for now) has fkall to do with it.
The supply of cash/equity still greater than supply of land for some. Hutts seldom bankrupt.
I know of half the bigger non hutt operators here would not be killed by 8% interest. Yes, others would.
How many of us here couldnt believe 2000 ac land? How many wish theyda bought some?
It will change but I'm done predicting when. I hope it goes to 10k.
To that end dont be afraid to fire your accountant. My parents affairs just dumb. Reply With Quote
Dec 19, 2017 | 13:20 33 I know you can look at the price of land and compare it to the price of equipment,which is the better investment. The land will always be there whereas the iron will be parked in 10 years if it even makes it that long. The only problem is that you need the equipment. In reply to a previous thread,we are considering giving the kids some land. Reply With Quote
Dec 19, 2017 | 13:21 34
Quote Originally Posted by fjlip View Post
We have the choice of "giving while alive" and in an estate.
If we give, we see them benefit/enjoy fruits of our lives, in estate, we will never know.
More often than not you will get to see it pissed away. Seen lots of times where a family member gets a deal to but land then they turn around and sell it for market price shortly after.

Also sometimes the older generation will hold on forever living on next to nothing so they can Will the land to their kids and kids have land sold within months of getting it. Reply With Quote
Dec 19, 2017 | 16:55 35 Start a trust, land can be rented out and income, dividend, inheritance etc can be yours and your families for ever. Borrow against half of the equity, and have trust management (paid family members voted in) invest in other business ventures( stock markets, land, new Ag emerging technologies etc)

It’s you legacy, parents, grandparents and all that follow. Pay for 4 year university education (for those that want to better themselves) or other such investments in family. Reply With Quote
farmaholic's Avatar Dec 19, 2017 | 17:00 36
Quote Originally Posted by Rareearth View Post
Start a trust, land can be rented out and income, dividend, inheritance etc can be yours and your families for ever. Borrow against half of the equity, and have trust management (paid family members voted in) invest in other business ventures( stock markets, land, new Ag emerging technologies etc)

It’s you legacy, parents, grandparents and all that follow. Pay for 4 year university education (for those that want to better themselves) or other such investments in family.
I remember fjlip talking about trusts being restricting or hand tying..... and like some others mentioned, does it really matter when you're dead?

How do you structure the trust? All siblings, then their kids when the siblings die? Too many fingers in the pie! I heard of mineral trusts where the "pieces" got a little small. And fighting!

ps: AC man....good luck with your decision. It's yours to do what you want with.

BP, probably the best thing I've ever heard regarding justifying buying pricey land...."put down the pencil" lol.
Last edited by farmaholic; Dec 19, 2017 at 17:06.
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Dec 19, 2017 | 17:40 37 The trust thing has worked well for Trudeau, and many others..

If the Huts buy your land everything is demolished, like you were never there. Reply With Quote
fjlip's Avatar Dec 19, 2017 | 22:41 38 "I remember fjlip talking about trusts being restricting or hand tying..... and like some others mentioned, does it really matter when you're dead?"

Yes was 40 years before grandfather's will/trust was wound up. Nothing anyone would wish on their heirs, once dead who GAF about anything/legacy/ future, live today, enjoy what ever, especially seeing your offspring prosper/spend their inheritance. Just MHO. Reply With Quote
blackpowder's Avatar Dec 19, 2017 | 23:44 39 It's begining to dawn on me while trying to sort out parents 'legacy', and trying to 'finance' mine. Why should I live poor to the end? Why should I support my siblings retirement? Why should kids who have no connection to land inherit no strings attached?
If I can time it right, I'm thinkin of picking a "screw it" date. Reply With Quote
Dec 20, 2017 | 00:37 40 gifts to church, school, hospitals, community, are always welcomed and legacy, you don’t have to build a hospital or art gallery.

Ideally you don’t run out of money doing the things you want to do or dreamed of before “health issues” set in. Hopefully family, prodigy is the legacy. Reply With Quote
blackpowder's Avatar Dec 20, 2017 | 00:56 41 Yes, theres always hope. Reply With Quote
fjlip's Avatar Dec 20, 2017 | 09:57 42 Pattison, Dube's, Remai's are all giving to legacy projects while they are ALIVE to see the good it can do. Reply With Quote
Dec 22, 2017 | 11:45 43 Yeah the highest that has sold in this area was 6.3 X 2016 assessment. $400 000 for a pretty marginal quarter. Reply With Quote
farmaholic's Avatar Dec 22, 2017 | 11:50 44
Quote Originally Posted by SWFarmer View Post
Yeah the highest that has sold in this area was 6.3 X 2016 assessment. $400 000 for a pretty marginal quarter.
#1.....I hope that's is an older assessment (about 63,500)

#2.....Are we fucking retarded? Reply With Quote
Dec 22, 2017 | 12:52 45 What you hear and what it actually trades for are 2 different things. Being in on a couple transactions as of late I got the land sales report for the respective rms. Some real surprises both ways. I don’t even want to say what good dirt or marginal stuff goes for because quality is trumped by location. Reply With Quote
Dec 22, 2017 | 13:46 46
Quote Originally Posted by farmaholic View Post
#1.....I hope that's is an older assessment (about 63,500)

#2.....Are we fucking retarded?
Name:  Lockman Land.jpg
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This is what it looks like. Reply With Quote
Dec 22, 2017 | 13:51 47
Quote Originally Posted by SWFarmer View Post
Yeah the highest that has sold in this area was 6.3 X 2016 assessment. $400 000 for a pretty marginal quarter.
What would a typical yield be for HRS wheat or canola on this $400,000 quarter? Reply With Quote
Dec 22, 2017 | 13:59 48
Quote Originally Posted by Oliver88 View Post
What would a typical yield be for HRS wheat or canola on this $400,000 quarter?
Well its north of Swift Current, so its more durum and lentil country. Average durum yield would be 40-45, canola 40 and lentils 20-30. So overall fairly hard to justify it. Reply With Quote
Dec 22, 2017 | 14:03 49 Do you want it or don’t you?
Sometimes you just have to put the pencil away on a piece of land you want. Reply With Quote
Dec 22, 2017 | 14:49 50 If you can make a quarter into a half, or better yet section, you've just increased the value of all quarters. I've heard guys farming as little as 30qtrs, not too excited about farming a single quarter, even if it's close by. Anybody with drills bigger than 56' want to plant on halves and sections. Reply With Quote
farmaholic's Avatar Dec 22, 2017 | 15:46 51
Quote Originally Posted by quadtrac View Post
Do you want it or don’t you?
Sometimes you just have to put the pencil away on a piece of land you want.
I hear you loud and clear quadtrac, But sadly for some people its come to this: They may not have the money to "buy it down" to a point where they can borrow the rest and it will pay for itself. Or may not have enough equity in the land they own to "subsidize" it. It's all gone past the point of making sense.

Another point, Saskatchewan wasn't Alberta where there was money floating around looking for a home. The fucking land had to pay for itself! I find it amazing how people think land is such a good investment but needs to be subsidized for owning it to make sense. Oil money, cattle, off-farm jobs, custom work with machinery you already own, old money...... Reply With Quote
Dec 22, 2017 | 18:26 52
Quote Originally Posted by SWFarmer View Post
Yeah the highest that has sold in this area was 6.3 X 2016 assessment. $400 000 for a pretty marginal quarter.
Wow, this one was a deal then. 3.58X 2016 assessment 526,200
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farmaholic's Avatar Dec 22, 2017 | 18:50 53
Quote Originally Posted by SWFarmer View Post
Name:  Lockman Land.jpg
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Size:  17.6 KB
This is what it looks like.
SW...is there eroded knolls on that quarter? Reply With Quote
Dec 22, 2017 | 20:37 54
Quote Originally Posted by farmaholic View Post
SW...is there eroded knolls on that quarter?
Yeah there are some eroded knolls. Definitely isn't perfectly flat. There is also some salinity in the sw corner. Reply With Quote
Dec 22, 2017 | 20:40 55
Quote Originally Posted by quadtrac View Post
Do you want it or don’t you?
Sometimes you just have to put the pencil away on a piece of land you want.
Multiple sales now in Alberta not by cities at $1M per quarter dryland and $2M+ irrigation. ✏️ that out Reply With Quote
farmaholic's Avatar Dec 22, 2017 | 22:33 56
Quote Originally Posted by vvalk View Post
Multiple sales now in Alberta not by cities at $1M per quarter dryland and $2M+ irrigation. ✏️ that out
This would require WAY more details....

Feedlot looking somewhere to spread bullshit? ;-)
Gravel quarters?
OilCo purchases?
Mega lease revenue?

Help please! Reply With Quote
Dec 22, 2017 | 22:50 57
Quote Originally Posted by farmaholic View Post
This would require WAY more details....

Feedlot looking somewhere to spread bullshit? ;-)
Gravel quarters?
OilCo purchases?
Mega lease revenue?

Help please!
The $1M dryland is just normal land by taber where you can grow pulses like chickpeas. Also heard land going that much by acme in central Alberta
As for the $2M yes this is in feedlot alley but also south of lethbridge. Lots of dryland selling for $800k to $850k per quarter all over the place Reply With Quote
blackpowder's Avatar Dec 23, 2017 | 00:20 58 Some on here insist on not believing. Like I said, the pencil has nothing to do with it. Hasn't in years.
Friend of mine bought land in Sask for $100/ac 15 or so years ago. Where was everyones pencil then?? Rental income now that.
You cant waste your bona fide opportunities in denial. I did at $500/ac. (Fd bly was $1-$2) Didnt pencil.
There are definitely a FEW buyers here who will be just fine.
Being prudent is not the same as denying the facts. Reply With Quote
farmaholic's Avatar Dec 23, 2017 | 05:04 59
Quote Originally Posted by blackpowder View Post
Some on here insist on not believing. Like I said, the pencil has nothing to do with it. Hasn't in years.
Friend of mine bought land in Sask for $100/ac 15 or so years ago. Where was everyones pencil then?? Rental income now that.
You cant waste your bona fide opportunities in denial. I did at $500/ac. (Fd bly was $1-$2) Didnt pencil.
There are definitely a FEW buyers here who will be just fine.
Being prudent is not the same as denying the facts.
Please refer to post #51 in this thread.

Politely asked for a possible justification of the quoted prices in post #56 to try to help it make sense for my "simple" rational thought process.

Not calling anyone out but I have no way of verifying stated "facts" that I am reading on a public internet forum equivelant to a digital coffee shop. Non believer? Denier? At face value, for me it is simply hard to fathom. Everyone is entitled to their opinion.

Edit....some sales situations may even be described as anomalous
Last edited by farmaholic; Dec 23, 2017 at 08:16.
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Dec 23, 2017 | 08:18 60 Negative waves?

What's the difference between now and 50 years ago when dad took out a 30 year loan and planned to use the full 30 years to pay it back? Reply With Quote