Cost of land these days

What is the latest talk on land prices. Is land still being moved in private or is it actually getting listed on real estate firms listings. The land in MB is not slowing down. 7500 to 8000 an acre in the red river valley is grabbing attention. What will higher interest rates do to the land values? Will it even make a difference ?
CptUSA, is Iowa land still going for 12000 US or more.

15-25% higher then last year. Sale last week saw 13k for a 60 acre parcel and no sold the 100 acre at 11500, asking 12700. A rough 80 cut by two cricks just brought 10k. 40 miles from me an 80 with a wind turbine pulled in 22k/acre, that's an anomaly. There's a 160 4 miles from me in 2 weeks I'll take a stab at but not going to get stupid.

Last January a 100 acre parcel with a turbine on it brought 12500/acre, I bet now that would push 15k.

If realtors list land it's often sold within a week right now, in some instances over the asking price.

Carlos, what type of yields do you get on that type of land ?  Also is that similar to land by blaine lake? I heard blaine lake land is past 4500 , is that true? Guys wonder why the farms are smaller in the red river valley, but when you consider expanding here and ponying up 5000-8000 dollars an acre its makes it impossible to farm 15000-25000 acres here.  Cant really get frustrated because that just the way it is and its all about the timing when you enter the business and how much ambition and risk you take.  At current prices it doesnt take long to pull up your average land costs from land that is completely paid for and buying land for 6000!

Curious about land that has oil rigs or wind turbines on them.  How does that work with surface and subsurface rights bought and sold?

Hi all, Just came over from old site. Yeah, land here is crazy,too. 120 sold a week ago for $19,100/A. As a farmer, how can you justify that? Not much going on on the Gleaner forum. Yeah, I'm a galvanized junkie. I'm in central Illinois

Welcome to the forum caseman!  I cant even imagine paying that price in canadian dollars!  

What kinds of crops and what kinds of yields would that land be capable of producing cptusa? Land here is at that value per Irrigated acre but I suspect our corn yields are less. We may be able to grow crops that your area does not though.

That price is about 15000 an acre Canadian dollars. Last year I bought a section for an average price of 5300 canadian dollars an acre. Our average bean yield is around 40 and oats are 150. I dont grow corn but yields around me are 120. This is along the Red River in Manitoba. Heavy clay soil and on a flood plain. The soil is not perfect because it has no slope for drainage and has some salts. Ph is around 7.2. I have some land close to Roseau MN that is worth around 2500 US and that is pretty sandy land but is beautiful farm land. I started 12 years ago clearing bushing land in that area and it was a rewarding project to buy land at 300 an acre and than clear it and rent it out and have it grown to soybeans. I discovered peat patches are big trouble! My hair still stands up when my worker buried my versatile and summers disc in the peat! eeeeeeeeehhhhhhhhh!

Hey capt sorry to ask but could you post some pictures of terraced fields in Iowa. My old friend had a farm in Iowa near Red Oak and he bought land and had it terraced. I never got down there to see the finished product. He paid around 5000 an acre US about 10 years ago for the land and not sure what it cost to terrace. How much does that cost?
Also are a lot of guys tile draining the land after they pay 12000 an acre?
Land recently sold here in the Red River Valley for 7500. On guy who was bidding on it said it could of gone as high as 8000. This was 400 acre river lot.
I paid $6200 for my 140 acre red river lot last year and felt I overpaid. That was a closed door deal with the owner. These news paper or internet posting real estate silent auction bidding war deals are really getting out of hand! I dont know how you prepare your banker for those deals that get out of hand!