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Facts About Farms For Sale in Canada, 19 Available To Buy Now Revealed
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" It's flat like a pancake; you can farm corner to corner," states Tony proudly. "We don't have rats, we don't have gophers, we don't have molehills." He farms livestock and grain, while the two neighbouring farms are strictly grain, including wheat, canola and oats. While Canada's fascination with residential realty is famous, the vast stretches of elds and pastures that make up the farming sector get far less attention.
And some price quotes say that half of all North American farmland could alter hands in the next 15 years, as farmers retire. Check Here For More 's a shocking wealth transfer, Stats, Can estimates the value of farmland and farming structures in Canada was $428 billion in 2016. As a Saskatoon-based realtor who specializes in large farm sales, Darren Sander is seeing the transfer up close.
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" With a farmer, farming isn't just what they do. It's who they are." When it comes to the Big Lake Angus Farm, it was Sander's idea to group several farms together to sell as a package, "to make it of such a size that we might draw someone from a long range to purchase this home." So he approached Markus's farming neighbours to see if any desired to sell their land at the same time.
The sale isn't conditional on the purchase of all three farms together, however the prospective purchasers who have actually reached out so far, from as far as B.C., Ontario and Alabama, appear interested in the lot. As the listing for the home notes, the asking rate "includes all buildings, houses, bins and all facilities.
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Statistics from Farm Credit Canada, a Crown corporation that provides money to farmers looking to expand their operations, show that the average yearly cost gain for farmland was 8 percent since 2000; in some years, such as 2012 and 2013, values skyrocketed by as much as 20 to 25 per cent each year.
In 2018, the increase in farmland values slowed back to six percent. The huge chauffeur of intensifying land rates considering that 2005 has actually been rising farm incomes, says J.P. Gervais, primary agricultural economist with Farm Credit Canada. "That can be explained by one thingdemand for food," he said, pointing to altering diets in India and China and rising global incomes.
