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Just cause some one runs a big business they have an ego? So every company out there that isn’t a ma and pa shop have egos and are greedy? Is these seriously what you guys think? Different things drive different people, the guy that farms 50 or 100k would be bored silly farming 2000ac on his own. Doesn’t mean either is right or wrong.
Agree and disagree.

I think if not most expand for more profitability. Some do expand for ego purposes.

Many BTO's here are average down to earth people but there are a couple who fall into the I'm a BTO and better then you category.

20 years ago I used to give a **** about how much other people farmed, as life has progressed I've found its easier to not care. Don't get me wrong I plan on continued expansion and still like to know who is farming what but I sure don't care anymore if Johnny Farmer down the road has 1000 or 10000 more acres.
 

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It was pointed out about the difference in rent from US to Canada (prairies at least). But the gross revenue per acre really doesn't justify the extra rent according to a quick calculation. Take canola vs Soybeans, roughly similar yield and price in both places. Wheat same. Corn is much higher yield than barley or wheat up here, but lower price, is the only one that justifies higher rent.

So if one were to add up the profit difference between Canadian and US farms, and compare it to rent, would one find that the additional rent paid by US farmers is roughly equivalent to the additional government support they receive?
 

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I thought that dipshit said he was from Canada-AB???
Toys, everything from planes, classic cars , bikes, vacationing everywhere! Bully for them, to have the chance to expand like that and to find the labor force to be successful.
Capital gains exemption is useless for the 50 000 acre club!
Is there a chance the Liberals will increase the capital gains exemption?
Trudeau will be taking it away soon
 

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I rent from family for $45 and was renting from a neighbor for $65. Another neighbor just rented from my cousins widow for $110 I heard, you are spinning your wheels at that price, in my opinion! When I first rented from the neighbor it was 20 bushel of barley, which would average out to 1/4 of the crop. Rented 6 quarters from them for 21 years, 850 acres crop, the rest was waste land. They offered to sell it to me a couple of years ago @ $5200, I was planning on giving it up anyways so it was an easy decision to say thanks, but no thanks. Payment worked out to over $325 an acre, plus $250 of inputs, and I would be upside down $100 to $150 an acre, which made no sense to me! They ended up selling it for $4600! It isn't great land either, on 2 occasions, I couldn't seed 300 acres one year and 250 acres 3 years before that, plus many times the land drowns out after its seeded, and the rest is sloughs, hills and rocks. The BTO's that bought it said, they didn't want the Hutts to get it, but I talked to the Hutts, and they didn't even want it! So they paid 4.2 million for land that no one else wanted to buy! The year before they bought 3 quarters close to me for for 1.8 million, they have all new equipment also, just can't figure out how they do it!! All the power to them tho, they can have it!!

I'll hobby farm 1400 acres and relax a bit now, less stress, less bills, more time, easy choice for me, because 100 years from now, it isnt going to matter how much land I farmed!!
 

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The BTO's that bought it said, they didn't want the Hutts to get it, but I talked to the Hutts, and they didn't even want it! So they paid 4.2 million for land that no one else wanted to buy! The year before they bought 3 quarters close to me for for 1.8 million, they have all new equipment also, just can't figure out how they do it!! All the power to them tho, they can have it!!
I'm sure the hutts didn't want it. Yup.

Hutts near me are clearing/removing rock ridges to get more acres a couple low spots ain't ****.
 

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I'm sure the hutts didn't want it. Yup.

Hutts near me are clearing/removing rock ridges to get more acres a couple low spots ain't ****.
No they didn't, at least not at that price!! The Hutts bought better land for less at about the same time. The Hutts didn't even bid on the tendered three 1/4's that the BTO's bought the year before. Im thinking they are extended financially also, like many others are!!
 

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One question not answered in that article Jazz is that, while owning an asset is certainly a good idea at any time, has actually farming that land generated a good return on investment over the last 20 or so years. Maybe it has, I don't know. But it is an important consideration. Strictly speaking price (not value) then owning land is definitely a good move. Speaking in terms of value then one really needs to know if farming the land is profitable because in a real world it would be a significant factor in assigning a price. In a world entirely based on inflation then value doesn't matter. But perhaps a good metric is to see if over all farm debt has gone down or up in 20 years as that should indicate inherent value of land and thus legitimate price.

The other thing rattling around in my brain these days is we live in a Socialist country. Yes, shockingly that is true. And socialism is all about wealth redistribution. And nothing spells wealth redistribution like a group of asset rich individuals that need to pay more of "their fair share". So I do wonder if property taxes, education taxes and just simply adding a new tax are not on the horizon. All to service the new debt - because, as we all know, the debt must be repaid. It's not like the government could just stop paying or anything - it is up to the taxpayers and certainly the rich asset owners to pay it. The government simply facilitates it after making you the bag holder of the debt they took in your name.
 

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Hence the low interest rates.
If investors where getting a better rate some where else they wouldn’t be even looking at farm land.
The investor just made my net worth that much healthier
But hey what do I know?
Okay start beating on me for higher interest rates. Lol.
 
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