Are we near the top For Land.

[SASKFARMER]

Hearing rumblings some investors are tired, fed up, no more big profits. Yes some smaller players are getting out. Some farmer friendly investors are waking up and realizing profit is min in farming and pulling funding or saying sell.

Some banks are getting nervous.

Taxes now been added over and above rent.

Farmers are buying land that a few years ago they said was to expensive now are buying same land and paying way more.

More buyers than sellers.

Diff between Alberta Manitoba and sask for land.

So is the top here?

[blackpowder]

You would have to define the time frame. Inflation adjustment yada yada.
But a pause? Yes I think so. Area dependant. For how long?? Depends on political machinations.
Short term, no big upswing here in a season or two. Softening for quality.
$4250-$5000 in general for 2-3 years now depending on circumstance.
Funny how FCC keeps reporting it as up in value every year. How does that work??
Provincial averages include close urban and irrigated I guess.

[SASKFARMER]

I see Chinese selling and now farmers buying. Some investors ar getting nervous.

[Sodbuster]

Land prices will trend up until we see a interest hike.

[blackpowder]

Never was any investors foreign or domestic here.

[bucket]

Look at the major realty agencies' listings ....or look in the WP for some of the land for sale ...it may tell a story that saskfarmer is highlighting....

Andjelic has land listed...there is a firm out of Toronto with land for sale...Canterra has land for sale...etc etc...My guess is they want to extract their gains....

Pretty sad when the money to made farming is by selling the land...when the real value in the flip ...why farm??? Why buy all the machinery to make thin margins when the real money is in buying and selling land , not fertilizer fuel and seed?

[crusher]

No increase in interest rates. $15 canola, $6 barley, $8 wheat. Land prices are not going down near term.

[furrowtickler]

Look at the major realty agencies' listings ....or look in the WP for some of the land for sale ...it may tell a story that saskfarmer is highlighting....

Andjelic has land listed...there is a firm out of Toronto with land for sale...Canterra has land for sale...etc etc...My guess is they want to extract their gains....

Pretty sad when the money to made farming is by selling the land...when the real value in the flip ...why farm??? Why buy all the machinery to make thin margins when the real money is in buying and selling land , not fertilizer fuel and seed?

Selling for profit before something else happens in the near future ? Because they know what’s coming?

Just interesting when big money starts to leave the market, any market .

[jazz]

No increase in interest rates. $15 canola, $6 barley, $8 wheat. Land prices are not going down near term.

I agree. There is likely a round of hungry buyers chomping at the bit now.

Have to wait for the stimulus money to land in land and commodities. That could take a few yrs yet. And see what these grain markets are really telling us. Is this just a temp supply blip or something more chronic developing.

But again, where do you go with the proceeds? I wouldnt sell all my land to go into the stock market. 20% of our net worth is enough in there.

[jazz]

Selling for profit before something else happens in the near future ? Because they know what’s coming?

Just interesting when big money starts to leave the market, any market .

I feel that we are targets for that capital gains exemption elimination. Its the easiest tax change to make. Some are seeing that as a risk. I dont trust Trudeau at all.

Longer term, wealth or inheritance taxes and carbon taxes.

Bidens first day in office and we see it already. Trudeau is emboldened.