The sale of Miner Creek Farms near Tisdale, Sask., to an Alberta Hutterite colony for $26.5 million has been an eye popper for many producers.
By many accounts the farm is an outstanding asset. With 42 quarters touching each other, an 830,000-bushel grain handling system, a farmyard with three homes, and large shop facilities and machinery storage this farm is arguably a dream operation.
At $26.5 million, Miner Creek Farms is one of the larger farm sales in Canadian history. | Ted Cawkwell photo
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Is this sale a positive sign of a strong farm economy in the province, or are you concerned that it signifies a continuation of rising farmland values, which is a significant barrier to entry for new farmers.
What are your thoughts on the sale?
Here is the story: Tisdale, Sask., farm sells for $26.5 million
Land value increases slowing
Land prices may not follow crops
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Tweet to @westernproducer to join this discussion:
$26.5 million Tisdale area farm sold. #Alberta #Hutterite colony is the buyer. #westcdnag #agnews #farmlifehttps://t.co/rBikrp9a4Y pic.twitter.com/nWzPGqxOxw
— The Western Producer (@westernproducer) September 28, 2016
@tyrelkenmore @westernproducer Yep. Hutterite colonies are the only ones with that kind of dough and free labour, tough to compete w that
— Bob Bourke (@BobBourke) September 28, 2016
@DallasSansom @bradproud @westernproducer , just don't forget, 20 families will be Farming the same amount of acres you do by yourself
— Farmboy (@JDRoadrunner) September 27, 2016
@bradproud @DallasSansom @westernproducer that statement would apply to most farmers in my area.
— Canadian Eh! (@workinthedirt) September 28, 2016
@captainsirwalt @bradproud @westernproducer it was for sale for 2 years what's wrong with you guys , why didn't you buy it ????
— top_hand (@benstahl3) September 28, 2016
@CDNag it's called capitalism and entrepreneurship. How can you be critical of an advertised property selling. Everyone had a chance to buy
— Jeff Elliott (@farmboy1706) September 28, 2016
@westernproducer every other industry open to foreign ownership why not farmland? Input side not regulated.#Sask
— brent watts (@watts_brent) September 28, 2016
@CDNag what's it any bodies business? Willing seller and a willing buyer. Good for them
— Jason LeBlanc (@jasonauctioneer) September 28, 2016
@CDNag I'd bet some local farmers would have jumped at the opportunity to buy some of it at the same value
— Scott Burton (@Tillorie_Farms) September 29, 2016
@Tillorie_Farms @CDNag It was on the market for 2 yrs.
— adrienne ivey (@adrienneivey) September 29, 2016
@adrienneivey @Tillorie_Farms @CDNag I think he means pieces of it, not the whole shebang
— Sean Stanford (@twistedironfarm) September 29, 2016
@twistedironfarm @Tillorie_Farms @CDNag I know, but there may have been opportunity to split it up with a big group buy. No one wanted it
— adrienne ivey (@adrienneivey) September 29, 2016
@twistedironfarm @CDNag @adrienneivey @Tillorie_Farms I think the biggest hurdle for local buyers was the yard. They would already have that
— Ian Boxall (@BoxallIan) September 29, 2016
@adrienneivey @twistedironfarm @CDNag @Tillorie_Farms awesome set up but hard for local to justify!!
— Ian Boxall (@BoxallIan) September 29, 2016
