Farmland prices are on a roll

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The average value of farmland in Ontario increased by 6.6 per cent during the first half of 2011

Comments

Challenge or a to hot to handle potatoe
Better Farming is pleased wirh their summary of Pidgeon King story.
Better Farming tells about Farmland prices are on a roll

We all know how in 2008 cheap USA cheap housing loans just about brought the economy down from commeriacl Banks to General Motors, and now we have the Economic Crisis in Europe With the new manager of the IMF warning that the world economy needs repair or deep recession will follow

Baby boomer farmers want high land selling prices to retire on while others use it as their net worth bragging rights to banks so they the farmers can leverage capital purchases

What will happen if bottom falls out of the economy and farm economy? All land in Canada is owned contolled by the crown by royal decree backed by the constition and old law land patents. Does farmers have property rights?

Better farming do a story on how farmers can justify purchasing expense land say $9000 per acre then on top of that puting in same year tile drainage at a cost of say $1500 PER ACRE.

The old story is you bulk all your acreage together to pay off your new purchaced $10000 acre, but what about that young want a be farmer who has no bulk acres

So Better Farmig are you going to wait or be proactive to help preview a melt down? Is Ontario farm land prices Canada's screw up like the USA 2008 situation?

Better Farming get a group of financial experts together and tell us how farmers can pay off the cost per acre with interest,... growing grain crops.

Were is the yearly farmer profit to buy $10000 land? were is Revenue Canada?
Is FCC financing most of this land and with interst only payments for some time what kind of other lending institution or business runs under these rules
If Interest rates go up will lean holder forgive loans with write downs?

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