[RPfarms]

What’s the going rate for good land in Manitoba, also best areas to farm in Manitoba, I’m kinda curious what the cost of land in those areas would be and how hard a young farmer such as myself would have getting into those areas (I know next to impossible) just a curiosity topic if anything.

 

[threegenpowerstroke98]

To much. Red River Valley is the best area, but land prices elsewhere are catching up to rrv now, it's a little ridiculous. I was talking with some lenders at FCC and there's not a piece of land for sale that cash flows itself in this province. I know of atleast one guy that's selling and going to sask.

 

[RPfarms]

To much. Red River Valley is the best area, but land prices elsewhere are catching up to rrv now, it's a little ridiculous. I was talking with some lenders at FCC and there's not a piece of land for sale that cash flows itself in this province. I know of atleast one guy that's selling and going to sask.

I can see that I’m currently paying for the farm on off farm income,

 

[Last gen farmer]

I’m on the edge of the rrv. Flat no stones and great ground in a dry year. Nothing much comes up for sale that I hear of but some changes hands without ever coming to the knowledge of many. Last I heard 6-7k won’t get you past the door if that’s all your offering. Great times to retire in with inputs as they are and investors willing to pay top dollar just to own land.

 

[MF cowboy]

Here east side of Sask some land traded a little better than 2x ish sama fva assessment. One section square section and it has 2 yards not included they were subdivided off long ago so short some acres, pretty decent ground, open no bush not any sloughs black clay loam 4x. I don't think 4x is the new normal that was an isolated case.

 

[MF cowboy]

A million bucks might shake loose a decent 1/2 section. But maybe not.

 

[DDF]

We farm on the west side of the RRV. Over the years the trend setting numbers seem to come from west of us on the escarpment.
I think two things are at play, one it seems to be a more competitive region; two, we in the RRV can’t touch their canola yields.

 

[RPfarms]

We farm on the west side of the RRV. Over the years the trend setting numbers seem to come from west of us on the escarpment.
I think two things are at play, one it seems to be a more competitive region; two, we in the RRV can’t touch their canola yields.

I thought the rrv had better canola yields and was more expensive?

 

[RPfarms]

We farm on the west side of the RRV. Over the years the trend setting numbers seem to come from west of us on the escarpment.
I think two things are at play, one it seems to be a more competitive region; two, we in the RRV can’t touch their canola yields.

I thought the rrv had better canola yields and was more expensive?

 

[meritmat2]

Bottom line you will make more off a GIC at 5% interest then paying that price for a 1/4

Good on the guys cashing out

 

[DDF]

I thought the rrv had better canola yields and was more expensive?

I’m sure RRV is priced the same in general, there are exceptions of course like potato land.
It just seems the sales that get talked about as “next level” typically come in from the west, same with cash rent.
RRV has higher heat units so we can grow long season crops like corn and soybeans. Up the escarpment heat units drop off so soys and corn are much less common. As a result of a cooler growing system, they blow us away in the canola department.
It’s just something I like to point out when the spotlight RRV discussion comes up.

 

[EBEAR]

A million bucks might shake loose a decent 1/2 section. But maybe not.

Probably wouldn't in the Swan River Valley .

 

[MF cowboy]

Swan River Valley will be more expensive, always was compared to here.

 

[MBRfarms]

A million bucks might shake loose a decent 1/2 section. But maybe not.

We're on the east edge of the RRV and an 80 with creek and old run down yard just sold a few weeks ago for well over that. Don't think that's the going rate, but I doubt you could find much under 8k an acre and have heard of some 10k deals not too far away. Our area is very livestock dense and our land was always more money as a result but the last few years most other areas seem to have caught up.

 

[uthinkyourwet?]

What’s the going rate for good land in Manitoba, also best areas to farm in Manitoba, I’m kinda curious what the cost of land in those areas would be and how hard a young farmer such as myself would have getting into those areas (I know next to impossible) just a curiosity topic if anything.

What are you wanting to grow? Canola/wheat, or turkeys? Canola/wheat, or garlic?

 

[BTO Fama]

wouldn't recommend RRV way overed rated i hear western mb and sask is where its at. basically just crop insurance farming out here in the valley

 

[kauppfarms]

Bottom line you will make more off a GIC at 5% interest then paying that price for a 1/4

Good on the guys cashing out

I remember people telling me this when land 1500 an acre… and then 2500… and then 4000…. and now it’s 6000. Sure glad I ignored them as much as I could.

Buying land isn’t about comparing to GIC rates etc etc. It’s about where the value is going, and what production potential does it have on your farm. With current crop prices that potential is massive. Most importantly it is about the next generation on the farm, if there isn’t one then I probably wouldn’t be interested either, but if there is then I would most certainly be trying to stay in the game.

To the original OP, I don’t know anything about Manitoba but here in South West Alberta, a much lower production growing area, the better dry land is trading for 6k plus. Irrigation up to 20k an acre in prime potato areas, 15-16k elsewhere.

 

[Grumpie]

If keep going like this it’s the same as milk quota , what nice for one who is established but a nightmare to control cost of production for young farmers unless it’s one child fam .

 

[meritmat2]

I remember people telling me this when land 1500 an acre… and then 2500… and then 4000…. and now it’s 6000. Sure glad I ignored them as much as I could.

Buying land isn’t about comparing to GIC rates etc etc. It’s about where the value is going, and what production potential does it have on your farm. With current crop prices that potential is massive. Most importantly it is about the next generation on the farm, if there isn’t one then I probably wouldn’t be interested either, but if there is then I would most certainly be trying to stay in the game.

To the original OP, I don’t know anything about Manitoba but here in South West Alberta, a much lower production growing area, the better dry land is trading for 6k plus. Irrigation up to 20k an acre in prime potato areas, 15-16k elsewhere.

I still think there’s more money to be made as a guy showing pics of his feet in Onlyfans then paying 6000 bucks an acre for dirt. ( I’m about 1 hour away from land trading that high)

Sorry no feet pics with out payment

 

[Hardrock acres]

I agree, When you buy land at these prices you are buying it so the next generation can make money off of it. Even at todays grain prices the crop will only pay for the land payments, not give you a profit. So you are basically farming it for free. If you have a kid that wants to farm and you need a bigger land base then it makes sense. If you don't then if you buy you are speculating that it will continue to go up and when you retire and sell you get your profit then. As they don't make dirt anymore I would guess even with any corrections the value will continue to go up. If you are so lucky as to have one of the huge BTO in the area there is a good chance when you decide to sell you can get top dollar as they seem to push prices in any area.