8 Canadian Towns Where You Could Get Land For Free for Dummies

" It's flat like a pancake; you can farm corner to corner," states Tony happily. "We do not have rats, we don't have gophers, we do not have molehills." I Found This Interesting farms cattle and grain, while the 2 neighbouring farms are strictly grain, consisting of wheat, canola and oats. While Canada's fixation with residential realty is famous, the large stretches of elds and pastures that make up the farming sector get far less attention.

And some estimates state that half of all North American farmland might alter hands in the next 15 years, as farmers retire. It's a staggering wealth transfer, Statistics, Can approximates the value of farmland and farming structures in Canada was $428 billion in 2016. As a Saskatoon-based real estate agent who specializes in large farm sales, Darren Sander is seeing the transfer up close.

" With a farmer, farming isn't simply 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 offer as a bundle, "to make it of such a size that we might draw someone from a cross country to purchase this home." So he approached Markus's farming neighbours to see if any wished to offer their land at the same time.

The sale isn't conditional on the purchase of all 3 farms together, but the possible buyers who have connected up until now, from as far away as B.C., Ontario and Alabama, seem interested in the lot. As the listing for the property notes, the asking rate "includes all structures, homes, bins and all infrastructure.

Data from Farm Credit Canada, a Crown corporation that lends cash to farmers wanting to broaden their operations, reveal that the average annual price gain for farmland was eight per cent 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 boost in farmland values slowed back to six per cent. The big driver of intensifying land costs given that 2005 has been rising farm earnings, states J.P. Gervais, chief agricultural financial expert with Farm Credit Canada. "That can be discussed by one thingdemand for food," he said, indicating altering diet plans in India and China and increasing global incomes.