The 2022 harvest has finally begun in Saskatchewan! Things are slowly beginning in West Central areas but more will follow in the days and weeks to come. We will be sure to keep you posted as new reports come out.
Many people have been asking me if I am seeing farm land values being effected by interest rates. The short answer is “not yet”. Many people are still working with old rates that they had locked in and that will continue with some buyers over the next few months. Most analysts are predicting further rises in interest rates but only time will tell.
Although rising interest rates always put pressure on farm land values I feel the bigger factor will be the profitability of the farms. In areas where crops are good, I do not expect the higher interest rates to effect the market much in the near future. In areas where crops are not good the pressure of the interest rates will undoubtedly show up sooner.
Commodity Prices
Grain prices are still very strong compared to long-term values even though they have fallen substantially over the past couple of months. Historically grain prices do fall in the summer months so I would not rule out another rally upwards once we get into fall and winter. World stocks to use ratios (supply of grain on hand), the war in Ukraine, and other geopolitical factors will be the deciding factors for where grain prices settle out at this year.
Most farmers locked in some higher prices before this summer’s price drop so this is positive.
Farmland Market
It is still a strong Sellers’ market with very few farm listings being available in the province today. No one knows how long this market will hold but it is still an extremely good time to be selling farm land today. When good land comes on the market it sells very quickly and often at record-setting prices.
Meet the Expert Interview
In our last newsletter, we sent you the first of a 2 part interview with Brent Loucks from 650 CKOM radio. Below is both the first part of the interview along with the second part of the interview.
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This large package has 20 quarters in one contiguous block making for ease of farming.
There is a rental agreement in place until December 01, 2023. The annual rent is $114,291 plus GST with 50% payment on February 15th and 50% payment on November 15th. The tenant does not have a ROFR.
There is a gas well on the property which pays $1950 per year.
The soil type, topography, and stone rating vary somewhat but SAMA rates most of the land as follows: The soil is a mix of clay loam and loam, the topography is gentle slopes to moderate slopes, and a stone rating of moderate.
There are several grain and fertilizer storage bins located on SW 06-24-28 W3 that are included in the purchase price. See page 4 for a full list of infrastructure included.
These 3 quarters of grain land are all in one block.
The land is touching Highway #5 and is within close proximity to Saskatoon making it prime for residential development. The south quarter has highway access and two fully serviced lots on it that are ready to sell/build on.
The rolling topography and vistas make this land particularly prime for acreage or lot development. The north quarter has a proposed subdivision plan that has been developed but not approved. There is gravel on site for future road building or resale.
This farm and its facilities could be used for any number of different farming activities. There are three equally sized barns totaling approximately 70,000 sq. ft. The barns are clad in metal and each one is heated and insulated with concrete floors. They were used up until the end of March 2022 as a chicken operation. The barns share a coal fired boiler system for the in-floor heating system. There is no quota included with this sale. The shop is 30’X40’ (with a 30’X30’ lean to), and is also heated, insulated with a concrete floor. There are six hopper bottom bins included and ranging in size from approximately 40t to 54t. The home is also on the coal boiler system with in-floor heat in the basement only, there is also a natural gas forced air furnace that is used as a back up when needed. 6 bedrooms and 4 bathrooms make up part of this spacious open concept home. A total of 1658 sq. ft. on the main floor, plus a fully finished basement will give you and your family ample space to live comfortably. The home was built in 2005 and has a 2 car attached garage and a 2 car detached garage. The house is on a well for water and uses a septic field for waste disposal. The Grain land totals 121.26 acres (ISC) with a total of 65 cultivated acres (Tenant). This land is high quality with a D soil class rating (SCIC). There are 30 acres of fenced pasture land with access to reservoir for water.
2 quarters of grain land and/or gravel land in the RM of Wolverine. There is good access to the land as it is only a half mile off of the #20 highway only 20 minutes south of Humboldt. There is an estimated 200,000 cubic yards of good quality gravel, this has been documented by a third party and the report is available upon request. Soil class is K on both quarters with a total of 239 cultivated acres. A gravel pit development permit has been granted by the RM of Wolverine for the SW 20-35-22 W2 quarter. This is a great investment or business opportunity.
This property provides excellent opportunity to own your own Bison or Cattle operation!
This Bison/Cattle Ranch located in the RM of Grass Lake #381 consists of three quarter sections, all with high tensile game fencing, a small lake and other water wholes, corrals with closed in panels to handle Bison, 5 steel box stalls, large animal squeeze with steel paneling.
For more information, please contact Walter Lorenz by phone 1-306-843-7898 or email znerol.w@sasktel.net.
These 4 Quarters of Grain Land are in one block.
There is a strong rental agreement in place that makes this farm a great one for investors! The rental agreement is in place until December 31, 2026. The annual rent is $33,210 plus GST with 50% payment on April 30 and 50% payment on October 31st. The tenant does not have a ROFR.
These 478.85 Title acres of Grain/ Pasture Land are in one block.
There is a crop share lease agreement in place for the 2022 crop season. The tenant does not have ROFR. There is some 3 strand fencing not complete on the land.
SAMA shows the topography as gentle slopes with a stone rating of strong. SAMA shows the soil is oxbow loam.
The Seller is subdividing off approx.10 acres where the yardsite is situated on
Pt SE 24-40-07 W3.
This 20 acre parcel is already subdivided and is zoned Agricultural Residential and is less than 20 minutes from Saskatoon.
This year it is being used as farmland. The Soil Class is O and and it has a SAMA assessment of 33,500.
It has a tenant for the 2022 & 2023 season and is currently seeded with barley. The tenant may be willing to terminate the lease after the 2022 season if need be.
This farm property includes many great features including a well designed 1859 square foot home with 4 bedrooms and 4 bathrooms. Built in 1997 it is surrounded by a mature yard with maple trees, and a variety of fruit trees. There is a large heated shop that has housed a welding business for many years with attached living quarters. There is a second heated shop and a third large storage shed. The Seller is willing to consider subdividing the yard site out of the grain land. The property has a 600AMP electrical service and has city water and natural gas. The surrounding quarter section has a soil class of F, 114 cultivated acres (SAMA) with 3 dugouts.
Beautiful custom-built home with 5398 square feet of spacious living, double car garage. Main floor finished entirely with ceramic tile & hardwood. Down a few steps from the large foyer is the indoor heated pool with overhead door that opens up to the 3200 square foot deck, outdoor fireplace and secluded treed area – including fruit trees. Geothermal Heating & Cooling for this entire home includes heated basement floor, poolroom & heated 30’ x 60’ shop. Natural Gas has been brought to the house in addition a hot water boiler is installed. Excellent water supply with 3 wells on the property.
This highly productive grain quarter boasts over 150 cultivated acres. There is a small creek that cuts off a few acres in the South East Corner, and these few acres are in grass.
SAMA rates the topography as Level/Nearly Level with None/Few Stones and clay loam soil.
There is a tenant in place until December 31, 2022, the annual rental rate is $12,000/year. Tenant has 15 day Right of First Refusal.
Farm land and/or Development land touching Highway 14 and less than 20 minutes from Saskatoon! 307.31 total acres with fencing for immediate use. These two quarters are being sold as one block, but the Seller may consider selling each quarter separately if the offer is acceptable. This land is close to Saskatoon and could possibly be used for development, whether it be an acreage or other development.
MLS# SK892305 RM of Orkney #244
20.01 Acres
Within 15 minutes of Yorkton this 20 acre acreage brings a unique living experience. With 4130 square feet above grade and with another 2880 sf in the basement yet to be developed. There are large windows in the basement with lots of natural light and 9'+ ceilings! The main floor and second floor are finished beautifully with wood accents throughout. A feature worth mentioning is that each of the four bedrooms has its very own with ensuite. This home, formerly a church building, was moved onto a new ICF block basement in 2011. There is outdoor space for horses or other animals with fencing and shelter. The home is warm and well insulated due to the 8" studs in the walls. Large south facing windows let in lots of light.
Only 2 minutes from the town of Mortlach and just 30 minutes to Moose Jaw, this acreage on the prairies is a horse lovers dream. The house is 1698 square feet with a full basement that adds another 1198 square feet of living space. This home features 3 bedrooms and one and a half baths with a large living area and well thought out kitchen. The large foyer is part of a 2 story addition which features a second floor bonus room area with a door out onto the second floor balcony. The view from the balcony is amazing, looking out over the sprawling valley. One of the unique features is the use of repurposed wood as trim and wall features in the house, this wood has been gathered from dismantled granaries and barns. The basement has a beautiful custom laid stone floor with a built-in hot tub for those cold winter nights or when you’re wanting to do some fun entertaining. The yard consists of a large riding arena and many stables. There is a large two-car detached garage and spacious shop. There are several corrals and completed fencing all the way around the 115 acres for use as pasture land. Give me a call to set up your tour as this place needs to be seen to be fully appreciated.
This quarter section of farm land is wide open and the Seller boasts 160 cultivated acres!
This quarter was flooded by the Quill Lakes when water levels hit 100 year highs a few years ago. Water levels are now back to normal and the Seller claims that the water is approximately ½ mile away from this quarter. The Seller has asked the RM to reduce his assessed value, and hence his taxes, when the water was on the property. This is the reason for the assessed value being so low, and the taxes being so low. The RM will be reviewing this and getting this all changed back to where it should be.
The land was worked this fall and is ready to seed in spring. There is a tenant willing to pay $12,800 in rental income if a tenant is required.
This single quarter of grain land is located in the RM of Fertile Belt #183 and boasts a high assessed value and great soil class. There is a strong rental agreement in place that makes this farm a great one for investors! The rental agreement is in place until December 31, 2026. The annual rent is $13,500 plus GST with 50% payment on April 30 and 50% payment on October 30. The tenant does not have a ROFR. The tenant is doing major improvements to the land this year to improve the number of cultivated acres to approximately 150 cultivated acres. There is good all season road access to this quarter on the west and south sides.
Only 15 minutes to Estevan and you can live in the country. This 10 acre acreage has a 1019 square foot bungalow with 3 bedrooms and 1 and a half baths. The yard is sheltered and has mature trees and a large garden There are 3 sheds, a shop and a single car detached garage. It’s only a half a mile drive on gravel to access the highway. It has been well cared for over the years and has amazing potential.
Only a minute south of Maple Creek this 3.57 acre acreage is move in ready with complete fencing for horses, a barn and ample space to enjoy the outdoors. The mobile home is clean and ready to move in with more space than most homes of this type. Interesting to note that this mobile home has a full basement with a bonus recreation room and two bonus bedrooms. In total the home has 5 bedrooms. If a mobile home isn't for you it would make a great temporary home for you while you build your own dream home on the property, there are many nice homes near by. There is natural gas, a well for water and a septic tank system. Large mature trees frame the yard making it a warm, calm and secluded space.
The view! This beautiful 5 acre location is right on the water at Buffalo Pound Lake, and is the perfect place to build your dream home… or summer getaway.
A half mile of water front with this property on Keg Lake! This quarter section of 119.6 acres is almost all trees with mature spruce, pine, poplar and birch. Undeveloped recreation land ready for you to get away for adventure. It is located south of Big River and on the fringe of the Boreal Forest. This recreation land is situated in the Saskatchewan Wildlife Management Zone 53, which is known for many species of wildlife, including black bears, Moose, Elk and Deer. With the water to the west this is also home to many different types of birds and aquatic wildlife. There is nature at every turn.
This pasture/recreation land has been divided by highway #40 and is situated north of the town of Leask. The larger portion of land, north of the highway, has a Ducks Unlimited Easement on the land.
There are two dugouts on the property. There is an old fence on the large portion of land north of the highway although the fence is in need of repair.
This quarter section has been planted to spruce and pine trees as part of a carbon sequestering program. The trees are currently knee high. There is a tenant for the hay acres available if one is required. SAMA rates the topography of the land as “level to nearly level” and the stone rating as “none to few”. There is good all-season access to this land. There 140 Cultivated Acres, as per SAMA.
This location is only 20 minutes from Saskatoon with pavement all the way to the access that takes you into Water Park Estates East. Water, Electricity and Natural Gas on location at the curb-stop. The lot size is 2.82 acres which gives you ample room to plan and develop your dream property. It's a simple drive to Water Park Estates - Highway 16 East to Highway 663 South which takes you right into Water Park Estates East
This is a 4.13 acre lot on the north side of Borden, SK. Perfect for acreage development or sub-dividing into smaller lots for building homes on. Thanks for looking and let me know if you’d like to take a closer look.
This quarter section has been planted to spruce and pine trees as part of a carbon sequestering program. The trees are currently knee high. There is a tenant for the hay acres available if one is required. SAMA rates the topography of the land as “level to nearly level” and the stone rating as “none to few”. There is good all-season access to this land. There 113 Cultivated Acres, as per SAMA.
With great access and only a minute from the town of Gravelbourg, and right off the paved highway #58 this 9.84 acre parcel of land with spacious 1350 square foot home is ready for you. The bungalow is nicely finished and has lots of room for entertaining, both inside and out. There is a large two car garage with oversized entry doors to accommodate a larger vehicle with ease. The outdoor area and pool is sure to please those looking to cool off on a hot summers day with a dip or even relax poolside in the sun. This acreage is well set up for a small animal farm with a large 50’X70’ concrete floor Quonset including an overhead door, several grain storage sheds and three metal grain bins. The shop is insulated with a natural gas furnace, great for working on equipment or your favourite hobby.
Custom built, open concept, large bungalow overlooking a lovely rolling valley 15 minutes south of Turtle Lake – a beautiful lake known for its camping views, quality fishing, beaches and water sports. This 17 year old home has been built with 1656 sf of space with 4 well-sized bedrooms, 1 large bathroom and a half-bath ensuite. The yard is well manicured with a garden area, fire pit and oversized single detached garage to use as a shop or storage for your toys or vehicle. There are also corrals for large animals. The second deck is off the west facing front door with an incredible view of the rolling valley – truly breath-taking.
This single quarter of grain land is located in the RM of Willow Creek # 458.
Sama rates the topography Level/Nearly Level with none to few stones.
Available for the 2022 crop season, there is a tenant available if require
Hay land in the RM of Hudson Bay. This quarter section has an H Soil Class and 150 cultivated acres with a total of 160.34 acres. Ready to farm for the 2022 season.
This half section of grain land is located in the RM of Canaan #225.
SAMA rates the topography of the land as “level to nearly level” and the stone rating as “none to few”.
There is currently a lease agreement in place with no Right of First Refusal and is available to farm next cropping season.
This single quarter of grain land is located in the RM of Sasman #336.
SAMA rates the topography of the land as “level to nearly level” and the stone rating as “slight”. The Seller claims that there are 105 cultivated acres.
Riverfront Agricultural and Recreational mixed property available. Don’t miss this rare opportunity. Nestled within the Whitesand River Valley, a total of 214 acres with a combination of various parcels of bare land is available for your new venture.
A beautiful half section of land with so many great advantages as this gorgeous property has many features to offer you. There is a large pond that is spring fed and many trees and bushes on the rolling landscape – including native and planted grasslands - with the natural wildlife to go with it. The pasture land is fenced for buffalo and is approximately 60 acres, it can be rented out or used for your own livestock.
These 9 quarters form a large contiguous block of land.
The SAMA stone rating and topography vary slightly but most of the stone rating is “slight” to “moderate”, and most of the topography is “level to nearly level” to “moderate”. The soil is a clay loam. Road access is very good to all of this land.
Only 30 minutes from Saskatoon down highway 5, this truly beautiful home sits proudly atop a rolling hill with a south facing, breathtaking view of the natural surroundings. Multiple picture windows overlook the natural waters and treeline, a nature lovers dream. The custom designed construction was completed in 2016, making this well-built home only 5 years old.The total size of the property is 155.08 acres, with 77 of that being cultivated acres, this portion is to the north and northwest of the house.
There are a total of 2,265 deeded acres and approximately 11,800 licensed acres that are in the Nisbet Forest. This is primarily a ranch property with 2 quarters of land that has been used for grain farming (corn or oats) and the rest is either tame hay land or native grazing land. All the land used for grazing is fenced with 4-strand barbwire which is in good to very good condition.
There is a fully functioning farmyard included in this package, including a bungalow home with an attached garage.
This block of 8 quarters is in one beautiful contiguous block! There is a strong rental agreement in place that makes this farm a great one for investors!
SAMA rates most of the topography as “level to nearly level” or “gentle slopes”. SAMA rates most of the stone rating as “none to few” or “slight”. SAMA shows the soil is a clay loam.
There is good all season road access off HWY #18. There is a tenant in place until December 31, 2026. The tenant does not have a ROFR.
There are a total of 2,862 deeded acres and 1,235 of crown leased acres in place.
There is a lease in place on this land. The lease term ends May 30, 2022.
There is good access to creeks and the river for running water.
There is fencing in place on the pastureland that is in good condition.
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