You need to hope interest rates keep going up for while yet. Interest up, land down is how it works and vice versa obviously. That is why land is in such a huge bubble right now. Canada has a long history of using printing cash and inflating asset bubbles. When I started from scratch in 1999 rates were 8-9% and there was land for sale. Since then rates have been cut so I got an equity boost out of no where since then. The actual farming has been marginally profitable at best but land speculation is where it was at. Today is the opposite land can't go anywhere but down as interest is forced up by inflation. Inflation was 10% percent in 1981 and that is what forced rates higher leading to a great time to start farming in the late 80's as assets were for sale at a reasonable price. Today nothing is for sale so there is no opportunity. Keep looking for rented pasture as land will do the same thing as Toronto house prices. A year ago nobody thought that was going down either.
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Today's Featured Article - Good As New - by Bill Goodwin. In the summer of 1995, my father, Russ Goodwin, and I acquired the 1945 Farmall B that my grandfather used as an overseer on a farm in Waynesboro, Georgia. After my grandfather’s death in 1955, J.P. Rollins, son of the landowner, used the tractor. In the winter 1985, while in his possession the engine block cracked and was unrepairable. He had told my father
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