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Old 01-27-2021, 06:09 AM
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Default Pasture Land.

What is the average cost per acre for pasture land in Central Alberta?

Thanx.
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Old 01-27-2021, 06:16 AM
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Farm Credit Canada has a pretty compressive annual report online.

At times, pasture and bush land is selling as high as cultivated land. I’ve seen it sell fo >$7000/acre.

$3500/acre would be on the low side in my area.

https://www.fcc-fac.ca/en/knowledge/...es-report.html
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Old 01-27-2021, 06:59 AM
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Originally Posted by Douglas N View Post
Farm Credit Canada has a pretty compressive annual report online.

At times, pasture and bush land is selling as high as cultivated land. I’ve seen it sell fo >$7000/acre.

$3500/acre would be on the low side in my area.

https://www.fcc-fac.ca/en/knowledge/...es-report.html
Thanx for the FCC info. Lots of valuable information.
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Old 01-27-2021, 07:22 AM
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Thanx for the FCC info. Lots of valuable information.
No problem. If you are an FCC Client, they can access and will supply you with exact info on all land sold in an area.
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Old 01-27-2021, 07:30 AM
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Can I road hunt beside it? Sorry, I couldn't resist.
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Old 01-27-2021, 08:19 AM
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Originally Posted by Douglas N View Post
No problem. If you are an FCC Client, they can access and will supply you with exact info on all land sold in an area.
Just a heads up FCC was way behind on entering sales long before covid so its at least 6 months behind if not more on market values.
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Old 01-27-2021, 08:26 AM
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Just a heads up FCC was way behind on entering sales long before covid so its at least 6 months behind if not more on market values.
Yes, their info is only one data point anyhow. All it takes is one interested party to seriously augment prices. I know of one bare quarter that sold for over $1 million in our area recently, through online bidding.
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Old 01-27-2021, 08:41 AM
JDK71 JDK71 is offline
 
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i payed around 2000 an acer
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Old 01-27-2021, 08:42 AM
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acre sorry
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Old 01-27-2021, 08:50 AM
IL Bar IL Bar is offline
 
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Quote:
Originally Posted by Phil McCracken View Post
What is the average cost per acre for pasture land in Central Alberta?

Thanx.
Are you buying or selling? If you are buying it’s $2200/ac. If you are selling it’s $4500/ac. Seriously tho probably best to buy a qtr that can also be grain farmed and fence it because pasture land will be same price.
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Old 01-27-2021, 09:00 AM
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Are you buying or selling? If you are buying it’s $2200/ac. If you are selling it’s $4500/ac. Seriously tho probably best to buy a qtr that can also be grain farmed and fence it because pasture land will be same price.
Someone approached me to buy some of my pasture/bush land.
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Old 01-27-2021, 09:03 AM
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Can I road hunt beside it? Sorry, I couldn't resist.
You my huckleberry...
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Old 01-27-2021, 09:37 AM
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if i was to sell today 3600 an acre (Caroline area)
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Old 01-27-2021, 09:39 AM
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You my huckleberry...
Lol

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  #15  
Old 01-27-2021, 06:52 PM
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I guess we got a deal for $500/ in Valleyview area in 2011.
Those days are gone.

TBark
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Old 01-27-2021, 09:49 PM
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Originally Posted by Douglas N View Post
Yes, their info is only one data point anyhow. All it takes is one interested party to seriously augment prices. I know of one bare quarter that sold for over $1 million in our area recently, through online bidding.
Shows 1400-8600 in my zone. That's quite a spread.

Haven't seen a marginal quarter sell for less than a million for some years now.
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  #17  
Old 01-27-2021, 10:10 PM
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Haven't seen a marginal quarter sell for less than a million for some years now.

My theory is, the less suitable it is for agriculture, the more it's worth. It's called "Recreational Land ".

Grizz
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Old 01-28-2021, 04:52 AM
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Originally Posted by Douglas N View Post
Yes, their info is only one data point anyhow. All it takes is one interested party to seriously augment prices. I know of one bare quarter that sold for over $1 million in our area recently, through online bidding.
I wonder where the lucky buyer was from, Vancouver or Hong Kong, there really isn't much difference
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Old 01-28-2021, 05:26 AM
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I wonder where the lucky buyer was from, Vancouver or Hong Kong, there really isn't much difference
Assuming local. Buyer was from Red Deer county
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Old 01-28-2021, 08:25 AM
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Assuming local. Buyer was from Red Deer county
Talking to people, there seems to be lot of that. Doomsday visionaries wanting to get out of the city. Somebody from Calgary is building a 6000 sq. ft. shack ON THE FLOOD PLAIN, along the coal Camp road .

Grizz
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Old 01-28-2021, 09:10 AM
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Originally Posted by Grizzly Adams View Post
Talking to people, there seems to be lot of that. Doomsday visionaries wanting to get out of the city. Somebody from Calgary is building a 6000 sq. ft. shack ON THE FLOOD PLAIN, along the coal Camp road .

Grizz
wow they mite want to build a raft !!
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Old 01-28-2021, 09:14 AM
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Originally Posted by MountainTi View Post
Assuming local. Buyer was from Red Deer county
Old world money? Fellow I talked to in Lacombe county said that was what drove things skyhigh around there. His bid was 1.2 million on quarter and he was unsuccessful.
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  #23  
Old 01-28-2021, 10:01 AM
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Old world money? Fellow I talked to in Lacombe county said that was what drove things skyhigh around there. His bid was 1.2 million on quarter and he was unsuccessful.
The dairy industry here is dominated by Dutch. Sell a small parcel in the old country and you're set up to farm big time in Canada.

Grizz
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Old 01-28-2021, 10:19 AM
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For farm values, contact your nearest Hutterite colony and see if they are interested. They tend to pay a good buck for land near them. Ritchie Brothers Auction site lists all of the land they have sold, it makes a good gauge of values by area as well.Those however are only an indication, some land has been going for absolutely crazy prices, even a LONG ways from any city or major town. I would take the highest price anything has sold within 150 miles and start there for an asking price.
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  #25  
Old 01-28-2021, 10:25 AM
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Quote:
Originally Posted by Phil McCracken View Post
What is the average cost per acre for pasture land in Central Alberta?

Thanx.
Close to you. Both quarters have acreage out.

https://www.oldsauction.com/rosehill...ots?filter=all
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  #26  
Old 01-28-2021, 11:34 AM
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Quote:
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Assuming local. Buyer was from Red Deer county
I believe you are correct. European $$
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Old 01-28-2021, 12:14 PM
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Two quarters East of James River Store just sold. One with 6K oil revenue, junk buildings that needed cleaning up, mostly low land 480K. Acreage out.


The other I believe a full quarter was from a bank repo with 3.5K oil revenue sold for 509K.

Both were listed with a realtor.

There seems to be quite a few people going the auction route to sell.

Another one on Schrader Creek was listed last year for 509K. If it is relisted it will probably sell this year.
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  #28  
Old 01-28-2021, 12:44 PM
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Quote:
Originally Posted by Jim Blake View Post
Two quarters East of James River Store just sold. One with 6K oil revenue, junk buildings that needed cleaning up, mostly low land 480K. Acreage out.


The other I believe a full quarter was from a bank repo with 3.5K oil revenue sold for 509K.

Both were listed with a realtor.

There seems to be quite a few people going the auction route to sell.

Another one on Schrader Creek was listed last year for 509K. If it is relisted it will probably sell this year.
With the counties new plan of 3 subdivisions out per quarter that may drive up the prices of land as well
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  #29  
Old 01-28-2021, 01:12 PM
JDK71 JDK71 is offline
 
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everything is getting so pricey now i am putting in 500 m of road into a quarter this spring and the cost is 70000 for me to pay and 100000 for the county just a heads up if you have to build a road as well .
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  #30  
Old 01-28-2021, 01:27 PM
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Quote:
Originally Posted by MountainTi View Post
With the counties new plan of 3 subdivisions out per quarter that may drive up the prices of land as well
Absolutely! Also in that proposal is very liberal size to the subdivision. You can take 80's, 40's, 20's, 10's etc.. Previous to this I believe 7 acres was maximum. This flexibility adds to value.

Also I heard there may be another provision for a fourth title to be given at the discretion of the planners and planning commission.

With this upside depending on how you split the quarter up, you could make significant profit....as long as they sell LOL.

As what Mountain Ti said I see quarters in Clearwater County continuing to go up significantly in the next few years....as long as the proposal passes.
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