When the mainstream media starts touting “dirt” as the new “black gold”, does that mean farmland is in a bubble? In today’s “video essay”, Capital Account’s Lauren Lyster poses that very question to Brad Farquhar, manager Co-Founder of Assiniboia Capital — the largest farmland fund in Canada. Take a look below…
Editor’s Note: The production team over at RT will actually be here in Vancouver all week covering this year’s Symposium. Each day on Capital Account, Lauren Lyster will interview a different presenter from the event. To check out these interviews live, just go to the RT site, click the red “Live” button at the top of the page, then click “RT America On Air”.
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“When the mainstream media starts touting “dirt” as the new “black gold”, does that mean farmland is in a bubble?”
The short answer to that question is “yes”.
when he talks about p/e he definitely isn’t talking family farms, and I’ll betcha people looking to purchase and bug out into the farming/ranching life is the primary driver of any price increase in these areas right now. sounds to me like p/e mega-farms don’t like this development at all and are trying to pop whatever bubble they can, real or fake, to minimize it.
I’d like to know what this guy considers farmland. His oil and gas theory is a bit flawed and suggests that he really doesn’t know much about real estate, since oil and gas interests are usually severable from surface rights. Doesn’t explain the low prices in ND or WY, either. No, I suspect that there are still a bunch of Hollywood bozos driving prices up close to the Rocky Mountain front and that’s why prices are higher in MT and AB. Take a look at Iowa and MN. Productive farmland, that, and with predictable rainfall patterns. Sask is marginal at best.
WHY ARE EXPERTS ALWAYS THE DUMBEST PEOPLE?
The most important thing in this country
We export food around the world.
The people buying farmland are mostlikly
the people who got all the banks money
& the bailouts.
After ROBBING AMERICA now they want to
Steal the farms.
Food prices are guarenteed to go up.
Only an expert will tell you different.
STAND UP FOR THE FARMERS
WE NEED THEM.
WE CAN LIVE WITHOUT OIL
BUT TAKE AWAY FOOD & WATER!!!!!!
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